Accounting as a legitimising device in voluntary price agreements: The Dundee jute industry, 1945–1960

Masrani, Swapnesh; McKiernan, Peter

doi:10.1016/j.cpa.2011.02.001

Cited by 10 publications

(12 citation statements)

References 61 publications

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“…The next logical step is to examine how accounting legitimizes the reality it creates, in turn legitimizing the profession of accounting. Legitimacy is achieved through symbolic or substantive means, meaning either by saying change has occurred or by actually creating change (Deegan & Unerman, 2011;Masrani & McKiernan, 2011). A legitimacy gap occurs when the expectations of society do not line up with the actions of a particular group, in this case, accountants (Deegan & Unerman, 2011).…”

Section: Accounting Legitimizes Reality and Itselfmentioning

confidence: 99%

“…A legitimacy gap occurs when the expectations of society do not line up with the actions of a particular group, in this case, accountants (Deegan & Unerman, 2011). To close this legitimacy gap, groups tend toward symbolic measures to appear to be fulfilling the social contract, allowing them to maintain legitimacy and continue operation (Masrani & McKiernan, 2011). For example, the conceptual frameworks made by accounting standard setting boards, which are largely comprised of accountants, legitimize the accounting profession and financial reports in two ways (Deegan & Unerman, 2011;Financial Reporting & Assurance Standards Canada, 2016).…”

Section: Accounting Legitimizes Reality and Itselfmentioning

confidence: 99%

“…Not only that, they create an alleged 'basis' for accounting standards so those standards, and the profession, seem legitimate (Deegan & Unerman, 2011) to users who rely on accounting results. Furthermore, the legitimacy of the accounting profession brings legitimacy to the reality created by the profession -the specific accounting reports they choose to release (Masrani & McKiernan, 2011). Through disclosures, press releases, conceptual frameworks, and similar means, accounting results can appear more legitimate (Masrani & McKiernan, 2011) through the profession telling users how legitimate it is.…”

Section: Accounting Legitimizes Reality and Itselfmentioning

confidence: 99%

“…Furthermore, the legitimacy of the accounting profession brings legitimacy to the reality created by the profession -the specific accounting reports they choose to release (Masrani & McKiernan, 2011). Through disclosures, press releases, conceptual frameworks, and similar means, accounting results can appear more legitimate (Masrani & McKiernan, 2011) through the profession telling users how legitimate it is. By University of Saskatchewan Undergraduate Research Journal creating a reality, and making people believe in that reality through disclosure, the reality is legitimized, subsequently bringing even more legitimacy to the accounting profession.…”

Section: Accounting Legitimizes Reality and Itselfmentioning

confidence: 99%

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Does Accounting Matter? A Social Constructivist Perspective

Loewen

2017

USURJ

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Accounting plays an integral role in the construction of economic reality, and therefore, it matters to accountants, users of financial information, and all those who are impacted by the decisions made based on accounting information. Beyond examining why accounting matters, this paper demonstrates how a cyclical process creates and reinforces a particular accountant-created reality, and how legitimacy is gained for agents within the system. Accounting matters because as the preparers of financial statements, accountants construct a reality. As this constructed reality is used, it is legitimized and perpetuated, and the process repeats to reinforce the reality and influence society. Throughout this process, the structure of society is also reinforced. Understanding that the reality is a created one means that societal change is possible, as the construction can be altered.

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Section: Accounting Legitimizes Reality and Itselfmentioning

confidence: 99%

Section: Accounting Legitimizes Reality and Itselfmentioning

confidence: 99%

Section: Accounting Legitimizes Reality and Itselfmentioning

confidence: 99%

Section: Accounting Legitimizes Reality and Itselfmentioning

confidence: 99%

See 2 more Smart Citations

Does Accounting Matter? A Social Constructivist Perspective

Loewen

2017

USURJ

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“…political lobbying) to change institutional rules and regulations in the hope of altering the existing belief systems of targeted members of society (Di Maggio, 1988;Gomes, Garry and Rodrigues, 2008;Oliver, 2001). Usually, processes of measurement reinforce such activity, for instance where the technical underpinnings of accountancy or numeracy in general can have a positive effect on legitimacy perception and consequent acceptance through powerful psychological persuasion (Covaleski and Dirsmith, 1986;Masrani and McKiernan, 2011;Scott and Meyer, 1991).…”

Section: Institutional Theorymentioning

confidence: 99%

Management Education in the UK: The Roles of the British Academy of Management and the Association of Business Schools

Masrani

Williams

McKiernan

2011

British J of Management

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This paper uses institutional theory to analyse the role of the British Academy of Management (BAM) and the Association of Business Schools (ABS) in gaining legitimacy for management education in the UK. By the 1980s, serious issues surrounding rigour and relevance were being asked about UK business schools that raised concerns about the legitimacy of management as a discipline. A major consequence was that management received relatively low research funding compared with other social science disciplines from key funding bodies, e.g. the Economic and Social Science Research Council. Using archival and interview data, we examine how BAM and ABS, as professional bodies, applied multiple approaches aimed at improving the quality of management research and teaching to gain legitimacy from influential external agencies. An unintended consequence of these actions has been an increasing isomorphism in management research and education in the UK. Although some of the original concerns still remain with regard to management education, both organizations have been successful in increasing the external perception of legitimacy

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Strategic responses to low-cost competition: Technological lock-in in the Dundee jute industry

2018

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This paper examines path dependency and technological lock-in in the evolution of the Dundee jute industry, from its beginnings in the 1860s to its demise in the 1970s. The evolution of the industry is explored using the resource-based view of the firm (RBV). The results suggest that the nature and construct of jute fibre was the root cause of a lack of sustainable strategic responses in the sector. Path dependent decisions and technological lock-in meant that many firms were not able to make successful strategic switches, although the capabilities of their engineering skills allowed some firms to endure for longer. Thus, the paper extends the RBV to a deeper firm capability level and complements cognate literature on the UK textile sector with a finer specification of the phases in jute's evolution.

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Accounting as a legitimising device in voluntary price agreements: The Dundee jute industry, 1945–1960

Cited by 10 publications

References 61 publications

Does Accounting Matter? A Social Constructivist Perspective

Does Accounting Matter? A Social Constructivist Perspective

Management Education in the UK: The Roles of the British Academy of Management and the Association of Business Schools

Strategic responses to low-cost competition: Technological lock-in in the Dundee jute industry

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