The role of accounting in bank regulation on the eve of japan’s financial crisis: a failure of the new capital adequacy regulation

Sawabe, Norio

doi:10.1006/cpac.2001.0506

Cited by 14 publications

(8 citation statements)

References 48 publications

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“…In this setting accounting plays a pivotal role in the transfiguration of the outcome of crime due to its aptitude for creating visibilities as well as invisibilities (Sawabe, 2002). In particular, as Sawabe puts it, 'invisibility could be created only when there has been visibility in the same locus of attention' (Sawabe, 2002, p. 419).…”

Section: General Remarks From a Social Contructivism Viewpointmentioning

confidence: 99%

“…As such they can conceal, as much as they disclose (Hines, 1988;Hansen and Muhlen-Schulte, 2012;Lehman et al, 2018). This implies that accounting has inevitably an axiological dimension, being a system, which gives value and visibility to some aspects of reality, whilst treating other aspects as irrelevant, and relegating them to the realm of invisibility (Sawabe, 2002). This implies that accounting practices can be reasonably conceptualised as semantic and epistemological technologies of creation of meaning and formation of knowledge, with a special aptitude for the social construction of reality (Chua, 1986;Hopwood, 1987;Hines, 1988;Boland, 1989;Young, 2003;Chapman et al, 2009;Broadbent and Laughlin, 2013).…”

Section: Introductionmentioning

confidence: 99%

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Accounting for crime in the neoliberal world

Stefano

Lapsley

2019

The British Accounting Review

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This paper examines the recent European public sector accounting reform which introduces controversial calculative practices for the recognition of criminal activities in national accounts. Namely, accounting for unlawful drug production and drug trafficking, and accounting for prostitution. Challenging the presumption of accounting neutrality, this study analyses this "accounting for crime" policy from a semantic and an epistemological view point as a cognitive system of creation of meaning and formation of knowledge. The analysis reveals the polyhedrality of neoliberalism, and the way it exerts its influence on society through its circuitous discursive process of social construction and transfiguration of reality which flows crosswise its multiple dimensions. At the macro level this policy operates as a 'hegemonic project': It bonds together the economic and political interests of different 'historical blocs', making the implementation of these practices a matter of 'common sense'. At the micro level this policy functions as an 'apparatus of governmentality': It encapsulates the cognition of crime within a panoptic logic of economic rationality, transforming its outcome into a contributory value of a country's prosperity. In this context, this study outlines the centrality of accounting practice as a pivotal tool of the neoliberal ideology: It permits extending the realm of calculative methodologies to the commodification of human weaknesses, addictions, and sexuality, in a rational process of accounting to balance the supply and demand of sex and drugs, between prostitutes and clients, pushers and addicts.

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Section: General Remarks From a Social Contructivism Viewpointmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Accounting for crime in the neoliberal world

Stefano

Lapsley

2019

The British Accounting Review

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“…A study of accounting’s role in financial crises in Japan revealed a “non-neutral” role of accounting in “constructing the image of a particular industry”, while at the same time it was presented as nothing more than a technique (Sawabe, 2002, p.397). Rhetoric has been identified as more than “a deliberate effort to fool the simple or weak-minded”, but rather a “pervasive element” of life, evident in the Financial Accounting Standards Board’s efforts to present their standards as objective (Young, 2003, p.623).…”

Section: The Technical and Persuasive Elements Of The Accountmentioning

confidence: 99%

“…Even though the Act was extended, permitting the employment of islander labourers until 1895, further agitation was considered “hopeless”, with further expenditure on lobbying seen as “useless” (NBAC/N126/245, 15 May 1890; NBAC/N126/245, 16 December 1890). Although an economic rhetoric was employed throughout this process to justify the continuation of islander employment, the attempt to portray an image of the industry as requiring free access to cheap labour was eventually a failure (Sawabe, 2002).…”

Section: Indentured Workers At Goondimentioning

confidence: 99%

A genealogy of calculations at an early Queensland sugar mill

Irvine

2012

Accounting History

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This study of a unique historic situation is sociologically framed and politically contextualized. It examines the technical and persuasive rhetorical dimensions of calculations employed at a nineteenth-century Queensland sugar plantation and mill in relation to the employment of indentured labour. Historical archival data is interpreted through the lens of the rhetoric of rationality. Queensland legislation permitted the employment of indentured Pacific islanders to assist in the development of its sugar industry. Accounting practices employed at the Colonial Sugar Refinery (CSR) Company's Goondi Plantation and Mill focused on recording and controlling labour costs to maximize profits and maintain a healthy dividend to shareholders. The use of this single perspective, while it provides a restricted interpretation of events, nevertheless enables some unique insights about the practice of accounting in this historic context.

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“…The convoy system has been clumsily but systematically dismantled since the 1970s in the name of financial liberalization, which culminated in the Japanese Financial Big Bang toward the end of the century (Ministry of Finance, 1997). The process of financial liberalization has been accompanied by the implementation of another set of regulations that are more “friendly to the market mechanism.” Financial liberalization is actually financial re‐regulation (Sawabe, 2002).…”

Section: The Rhetoric Of Reform: Mandatory Financial Disclosure Of Banksmentioning

confidence: 99%

Accounting for the public interest: a Japanese perspective

Sawabe

2005

Accounting, Auditing &Amp; Accountability Journal

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PurposeTo expand one's understanding about how accounting helps to shape, mediate and constitute the public interest, the private interest, and their relationships.Design/methodology/approachAn interpretive approach is utilized to analyze the documents that have both informed and legitimized the Japanese financial regulatory changes since the end of 1970s.FindingsThe paper finds that the concepts of private and public interest, and their relationships have been mutable in the deployment of accounting rhetoric. The concept of private interest was given more concrete shape as the market‐oriented reform advanced in the name of public interest.Originality/valueThis paper sheds light on the constructing role of accounting in society, which in turn helps to understand changing conceptualizations of the public interest, the private interest, and their relationships.

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The role of accounting in bank regulation on the eve of japan’s financial crisis: a failure of the new capital adequacy regulation

Cited by 14 publications

References 48 publications

Accounting for crime in the neoliberal world

Accounting for crime in the neoliberal world

A genealogy of calculations at an early Queensland sugar mill

Accounting for the public interest: a Japanese perspective

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