Rising Powers and Transnational Private Governance: The International Accounting Standards Board

Nölke, Andreas

doi:10.1057/9781137397607_6

Cited by 9 publications

(3 citation statements)

References 18 publications

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“…Botzem, 2012, Chapter 5;Mattli & Büthe, 2005;Nölke, 2015). The distinction between the three sources of legitimacy can be found, for instance, in Burlaud and Colasse (2011).…”

Section: The Challenge Of Setting Standards For a Worldwide Constituementioning

confidence: 99%

The Challenge of Setting Standards for a Worldwide Constituency: Research Implications from the IASB’s Early History

Camfferman

Zeff

2017

European Accounting Review

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Based on Camfferman and Zeff [(2015). Aiming for global accounting standards : The International Accounting Standards Board, 2001. Oxford: Oxford University Press] we reflect on possibilities for academic research on the International Accounting Standards Board (IASB) and its International Financial Reporting Standards (IFRSs). We argue that a research agenda may be formed around the notion that the IASB differs from national standard setters because its constituent base includes jurisdictions as well as the more traditional preparer, user and auditor constituency groups. We show that taking a jurisdictional angle draws attention to the variety among the IASB's jurisdictional constituents, identifying numerous research possibilities related to their decisions to adopt, or not to adopt, IFRSs, and to the mechanisms they have developed to form their own IFRS policies and to interact with the IASB. We illustrate how the IASB's structure, governance, processes and standards are influenced by the challenge of reconciling the needs and values of jurisdictional constituents with the objective of setting global accounting standards. We call for research on the ramifications of the diversity of jurisdictional constituents, as well as changing perceptions of standard setting within jurisdictions, for all aspects of the functioning of the IASB. Such research should make greater use of the variety of sources available to researchers today.

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“…Botzem, 2012, Chapter 5;Mattli & Büthe, 2005;Nölke, 2015). The distinction between the three sources of legitimacy can be found, for instance, in Burlaud and Colasse (2011).…”

Section: The Challenge Of Setting Standards For a Worldwide Constituementioning

confidence: 99%

The Challenge of Setting Standards for a Worldwide Constituency: Research Implications from the IASB’s Early History

Camfferman

Zeff

2017

European Accounting Review

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“…This roughly reflects Africa's 5 per cent share of global GDP, but a more detailed analysis reveals that all of these individuals came from South Africa, mostly having worked in the financial industry, large mining corporations and for the national accounting board. While, overall, the composition of IASB governance bodies has been diversified since 2001 through the recruitment and cooptation of individuals from the BRICS (Nölke, ), its African membership is still confined to South Africa. In terms of GDP, however, the contribution of South Africa to total GDP of all African countries, according to World Bank indicators measured in US dollars, has decreased from 22 per cent in 2007 to 14 per cent in 2016, which reflects a shrinking of the South African economy and growth in other parts of Africa like Nigeria and Kenya (own calculations based on World Bank, ).…”

Section: Ifrs In Africa: Increasing Adoption But Continued Underreprmentioning

confidence: 99%

“…Such challenges are particularly an issue for recursive governance schemes because these base their claims for both legitimacy and effectiveness on the involvement of a broad range of regulatory addressees, affected parties and broader publics, together with their responsiveness to these audiences. Existing research emphasizes how power asymmetries, lack of resources and paucity of knowledge deter actors from developing countries from participating in transnational standard‐setting even when procedures for doing so are formally open (Nölke, ). However, less is known about how the conceptual underpinnings of global standards in relation to perceived needs of actors in developing countries might affect the latter's motivation to participate or not.…”

Section: Transnational Standards and The Global Southmentioning

confidence: 99%

International Accounting Standards in Africa: Selective Recursivity for the ‘Happy Few’?

2017

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This study explores recursivity in international accounting standard‐setting, focusing on participation of actors from African countries. While the International Financial Reporting Standards (IFRS) Foundation bases its legitimacy claims as a global standard‐setter on a combination of expertise and a formally transparent set of recursive procedures for consultation of stakeholders, empirical results show that participation in the latter is geographically very uneven. The article argues that conceptual mismatch between the standard‐setter's objectives on the one hand and the socio‐economic, cultural and political conditions in many African countries on the other leads to selective recursivity that is problematic for the former's legitimacy and effectiveness. These findings are of wider relevance for debates on global standard‐setting and development.

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Trade

Nölke

2023

International Political Economy Series

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Rising Powers and Transnational Private Governance: The International Accounting Standards Board

Cited by 9 publications

References 18 publications

The Challenge of Setting Standards for a Worldwide Constituency: Research Implications from the IASB’s Early History

The Challenge of Setting Standards for a Worldwide Constituency: Research Implications from the IASB’s Early History

International Accounting Standards in Africa: Selective Recursivity for the ‘Happy Few’?

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