Accounting and the welfare state: The missing link

Tim-Frederik Oehr and Jochen Zimmermann

CRITICAL PERSPECTIVES ON ACCOUNTING, 2012, vol. 23, issue 2, 134-152

Abstract: In recent years, nation states have internationalized and privatized accounting regulation by extensive use of International Financial Reporting Standards (IFRS). However, major differences between national accounting regulatory systems persist. In this paper we argue that a country's societal motives and values, best captured by the type of welfare state the country employs, shape the extent to which accounting regulations converge. Moreover, the welfare state approach explains the development and dynamics of accounting systems more completely than the conventional explanatory variables – legal and financial systems.

Keywords: Accounting regulation; Welfare states; State intervention; Institutional theory (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:crpeac:v:23:y:2012:i:2:p:134-152

DOI: 10.1016/j.cpa.2011.11.010

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