lnu.sePublikasjoner
Endre søk
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf
Global corporate governance - The maelstrom of increased complexity: is it possible to learn to ride the dragon?
Linnéuniversitetet, Ekonomihögskolan (FEH), Institutionen för marknadsföring (MF). University of Gävle.ORCID-id: 0000-0003-3323-907X
University of Gävle ; Luleå University of Technology.
Colorado Technical University, USA.
2016 (engelsk)Inngår i: Journal of Business and Economics, ISSN 2155-7950, Vol. 7, nr 3, s. 425-437Artikkel i tidsskrift (Fagfellevurdert) Published
Abstract [en]

In the light of recent corporate scandals company failure is usually explained based on agency theory, leading to the conclusion that corporate boards and regulators must use agency theory to control management better.

The authors use institutional theory to problematize this advice. We identify the role of accounting as to give predictability, hence preventing company failure. But this predictability can be questioned; it implies stability. Albeit partly with circumstantial evidence, we question this stability with factors making the conditions for management decision-making volatile, as explained by antecedents, and leading to unmanageable entities. The implications of this volatility have consequences for corporate governance, and question the going-concern assumption, the basis of accounting.

Hence, from the dominant explanations that corrupt management, or management with different interests than the principal, leads to company failure, we evolve another chain of cause and effect: volatility, with company failure as a result. It is argued that traditional accounting rituals are unsuitable for many companies. The paper indicates a need for de-institutionalization and reconsidering of accounting practices, and particularly the fundamental assumption of going concern.

sted, utgiver, år, opplag, sider
Academic Star Publishing Company , 2016. Vol. 7, nr 3, s. 425-437
Emneord [en]
Conditional trust, Repucomplexity, Corporate governance, Going-concern, Management control, Innovation, Volatility
HSV kategori
Forskningsprogram
Ekonomi, Företagsekonomi
Identifikatorer
URN: urn:nbn:se:lnu:diva-50219OAI: oai:DiVA.org:lnu-50219DiVA, id: diva2:909257
Tilgjengelig fra: 2016-03-04 Laget: 2016-03-04 Sist oppdatert: 2020-02-18bibliografisk kontrollert

Open Access i DiVA

Fulltekst mangler i DiVA

Andre lenker

Full text

Personposter BETA

Philipson, Sarah

Søk i DiVA

Av forfatter/redaktør
Philipson, Sarah
Av organisasjonen
I samme tidsskrift
Journal of Business and Economics

Søk utenfor DiVA

GoogleGoogle Scholar

urn-nbn

Altmetric

urn-nbn
Totalt: 145 treff
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf