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The political economy of regulation: Does it have any lessons for accounting research?

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  • Michael Moran

Abstract

The paper argues that regulation is at the heart of markets, and that regulation is itself an inherently political process. It explores how this insight works out by examining a range of real existing national regulatory systems ‐ notably the US, the UK and the European Union. It argues that political jurisdiction matters, because of the influence of institutional structure, political culture and historical trajectory. It suggests that these insights need to be central to accounting research, because at the heart of accounting research lie processes which are critical to the regulation of economic life.

Suggested Citation

  • Michael Moran, 2010. "The political economy of regulation: Does it have any lessons for accounting research?," Accounting and Business Research, Taylor & Francis Journals, vol. 40(3), pages 215-225.
    • Handle: RePEc:taf:acctbr:v:40:y:2010:i:3:p:215-225
    DOI: 10.1080/00014788.2010.9663396
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    References listed on IDEAS

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    1. Moran, Michael, 2007. "The British Regulatory State: High Modernism and Hyper-Innovation," OUP Catalogue, Oxford University Press, number 9780199219216, Decembrie.
    2. Michael Moran, 1991. "The Politics of the Financial Services Revolution," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37789-9.
    3. Coen, David, 1998. "The European Business Interest and the Nation State: Large-firm Lobbying in the European Union and Member States," Journal of Public Policy, Cambridge University Press, vol. 18(1), pages 75-100, January.
    4. Carosso, Vincent P., 1973. "The Wall Street Money Trust from Pujo through Medina," Business History Review, Cambridge University Press, vol. 47(4), pages 421-437, January.
    5. Majone, Giandomenico, 1991. "Cross-National Sources of Regulatory Policymaking in Europe and the United States," Journal of Public Policy, Cambridge University Press, vol. 11(1), pages 79-106, January.
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    Cited by:

    1. Richard Macve, 2010. "Conceptual frameworks of accounting: Some brief reflections on theory and practice," Accounting and Business Research, Taylor & Francis Journals, vol. 40(3), pages 303-308.
    2. Wagenhofer, Alfred, 2011. "Towards a theory of accounting regulation: A discussion of the politics of disclosure regulation along the economic cycle," Journal of Accounting and Economics, Elsevier, vol. 52(2), pages 228-234.
    3. Stanko Čokelc & Jan Žan Oplotnik, 2013. "Suggestion of legal regulation of tax advisory services to ensure its higher quality – case study from Slovenia," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 15(34), pages 469-484, June.
    4. Macve, R.H., 2015. "Fair value vs conservatism? Aspects of the history of accounting, auditing, business and finance from ancient Mesopotamia to modern China," The British Accounting Review, Elsevier, vol. 47(2), pages 124-141.

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