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The unlikely root of stock market development : labour and professional influence on transparent accounting

Jonnergård, Karin LU ; Larsson-Olaison, Ulf and Veldman, Jeroen (2017) SASE Annual Meeting
Abstract (Swedish)
The development of transparent accounting is often theoretically linked with the development of financial markets. In this paper we argue that such an understanding of transparent accounting does not necessarily consider the temporality of the historical context where transparent accounting is invented. To illustrate this argument we empirically investigate the raise of transparent accounting in Sweden during the 1960s and 1970s. This time-period in Sweden is characterised by underdeveloped financial markets and a strong stakeholder-orientation mostly aimed at economic democracy and strengthened employee voice in corporate decision-making. By providing an alternative understanding of transparent accounting to dominant law and economics... (More)
The development of transparent accounting is often theoretically linked with the development of financial markets. In this paper we argue that such an understanding of transparent accounting does not necessarily consider the temporality of the historical context where transparent accounting is invented. To illustrate this argument we empirically investigate the raise of transparent accounting in Sweden during the 1960s and 1970s. This time-period in Sweden is characterised by underdeveloped financial markets and a strong stakeholder-orientation mostly aimed at economic democracy and strengthened employee voice in corporate decision-making. By providing an alternative understanding of transparent accounting to dominant law and economics scholarship, this paper contributes to our knowledge on the link between accounting and financial markets, especially regarding the role of other interest groups than shareholders influencing accounting development.

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Contribution to conference
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unpublished
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conference name
SASE Annual Meeting
language
English
LU publication?
yes
id
9ab6dfc6-b4a1-49ee-be14-ced3d0d7d183
date added to LUP
2017-07-06 10:51:49
date last changed
2017-11-14 09:54:34
@misc{9ab6dfc6-b4a1-49ee-be14-ced3d0d7d183,
  abstract     = {The development of transparent accounting is often theoretically linked with the development of financial markets. In this paper we argue that such an understanding of transparent accounting does not necessarily consider the temporality of the historical context where transparent accounting is invented. To illustrate this argument we empirically investigate the raise of transparent accounting in Sweden during the 1960s and 1970s. This time-period in Sweden is characterised by underdeveloped financial markets and a strong stakeholder-orientation mostly aimed at economic democracy and strengthened employee voice in corporate decision-making. By providing an alternative understanding of transparent accounting to dominant law and economics scholarship, this paper contributes to our knowledge on the link between accounting and financial markets, especially regarding the role of other interest groups than shareholders influencing accounting development.    <br/><br/>},
  author       = {Jonnergård, Karin and Larsson-Olaison, Ulf and Veldman, Jeroen },
  language     = {eng},
  title        = {The unlikely root of stock market development : labour and professional influence on transparent accounting},
  year         = {2017},
}