It is not helpful for improving the relationship between theorizing and qualitative empirical research in social science disciplines. It can be said that research study is established on the basic of theory. So the answer is “No”. According to Watts and Zimmerman’s Positive Accounting Theory, positive accounting is the branch of academic research in accounting that seeks to explain and predict actual accounting practices.
It believes that it is just an object statement about what theory is and that contains no indication of approval or disapproval, instead of whether correct or wrong or being couched in terms of what should be or ought. Therefore, if the result of research failed to support its theory, it does not mean the theory and maybe the process is wrong. And I would not reject this theory. In addition, any others like PAT can also be proved such as agency theory and contracting theory. However, if it is a normative theory which against Watts and Zimmerman’s Theory, it should be rejected.