Negative Tone in Lobbying the International Accounting Standards Board

Karin Shields, Iain Clacher and Qi Zhang
Additional contact information
Karin Shields: Department of Management, Birkbeck, University of London, Malet Street, Bloomsbury, London WC1E 7HX, UK
Iain Clacher: Leeds University Business School, Maurice Keyworth Building, The University of Leeds, Leeds, LS2 9JT, UK
Qi Zhang: Durham University Business School, Mill Hill Lane, Durham University, Durham, DH1 3LE, UK

The International Journal of Accounting (TIJA), 2019, vol. 54, issue 03, 1-39

Abstract: With the aid of computerized sentiment analysis, this paper analyzes the role of constituents’ comment letters in the process of setting international financial reporting standards for financial instruments. Whilst explicit agreement in comment letters is associated with the board’s decision to proceed with its proposed course of action, we find no consistent evidence that explicitly stated disagreement has an impact on the resulting accounting standard. Using context-specific dictionaries, we find that increased levels of negative tone in comment letters increase the probability of the board subsequently abandoning a proposed course of action. Capturing dissent through negative tone facilitates large-scale analysis, and we show that the financial industry has been less successful than other constituents in its lobbying efforts through comment letters.

Keywords: IASB; IFRS; international accounting; financial instruments; lobbying (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/abs/10.1142/S1094406019500100
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:tijaxx:v:54:y:2019:i:03:n:s1094406019500100

Ordering information: This journal article can be ordered from

DOI: 10.1142/S1094406019500100

Access Statistics for this article

The International Journal of Accounting (TIJA) is currently edited by A. Rashad Abdel-khalik

More articles in The International Journal of Accounting (TIJA) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().