The sign value of accounting: IMF structural adjustment programs and African banking reform

Dean Neu, Abu Shiraz Rahaman, Jeff Everett and Akinloye Akindayomi

CRITICAL PERSPECTIVES ON ACCOUNTING, 2010, vol. 21, issue 5, 402-419

Abstract: This paper examines an IMF structural adjustment program and the role of accounting technologies and agents within that program. Focusing on banking sector reform in Nigeria, the paper shows how IMF attempts to remake economic life come up against formidable contextual challenges, and how accounting may or may not be taken up to confront those challenges. Specifically, it shows that even where accounting numbers are ‘managed’, the potential disciplinary power of accounting's system of signs remains, though again that power may not be exploited if those who are responsible for governing lack the necessary desire. The study's findings challenge two sets of understandings: that which sees the economy as somehow separate or distinct from the wider socio-political field, and that which sees crises such as occurred in Nigeria as simply resulting from inadequate or insufficient accounting regulations and controls.

Keywords: Accounting; Africa; Bank reform; Baudrillard; International Monetary Fund; Nigeria; Structural adjustment programs (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:crpeac:v:21:y:2010:i:5:p:402-419

DOI: 10.1016/j.cpa.2008.06.002

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