Normative research has nearly vanished from the academic ‘mainstream’ in accounting. Due to its prescriptive and value-driven approach, normative accounting research has been stigmatized as being unscientific and largely replaced by positive studies. We put this stigma into perspective. We first conceptualize the ‘positive-normative’ distinction and identify this dichotomy in accounting research history. We then challenge the dogmatic confinement of science to descriptive (positive) approaches. Moreover, we debate the basic conditions for normative accounting research and conclude that methodological and epistemological (...) pluralism in accounting research may help address a wide range of potential research questions. We point out that normative research approaches are essential in an applied science such as accounting, lest practical implications and prescriptions are to be the exclusive domain of accounting practice. (shrink)

The paper has two main aims. The first is to reformulate Hempel's version of the thesis of the symmetry of explanation and prediction, as regards the deductive covering-law model, so as to generalise it and make it no longer subject to some of the criticisms which have been directed at it (Section II). The second aim is to consider, with special critical reference to Hempel's recent treatment in Aspects of Scientific Explanation (New York and London, 1965), some central criticisms of (...) both the constituent parts of the above symmetry thesis, viz. that adequate explanations are potentially predictive (Section III), and that adequate predictive arguments are potentially explanatory (Section IV). (shrink)