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Searching for the accounting features of capitalism: an illustration with the economic transition process in China

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  • Chiapello, Eve

    ()

  • Ding, Yuan

    ()

Abstract

In this paper, the authors show that capitalism and double-entry bookkeeping are not indissociably interconnected as Sombart argued in his book in 1916. Indeed, the double-entry bookkeeping accounting system was also adopted by anti-capitalist countries where a new economic system was set up. A study of how accounting has changed with the economic transition in China helps us identify those "accounting features" required for a capitalist economy that clearly differ from those needed for the planned and centralized economy.

Suggested Citation

  • Chiapello, Eve & Ding, Yuan, 2005. "Searching for the accounting features of capitalism: an illustration with the economic transition process in China," Les Cahiers de Recherche 817, HEC Paris.
  • Handle: RePEc:ebg:heccah:0817
    as

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    File URL: http://www.hec.fr/var/fre/storage/original/application/d335b6197ddee2d607fe31fa8bf0c170.pdf
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    References listed on IDEAS

    as
    1. Jànos Kornai, 2000. "What the Change of System from Socialism to Capitalism Does and Does Not Mean," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 27-42, Winter.
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    3. Firth, Michael, 1996. "The diffusion of managerial accounting procedures in the People's Republic of China and the influence of foreign partnered joint ventures," Accounting, Organizations and Society, Elsevier, vol. 21(7-8), pages 629-654.
    4. S. David Young, 1999. "From plan to market: financial statements and economic transition in the East German enterprise," European Accounting Review, Taylor & Francis Journals, vol. 8(1), pages 157-189.
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    6. Balassa, Bela, 1987. "China's economic reforms in a comparative perspective," Journal of Comparative Economics, Elsevier, vol. 11(3), pages 410-426, September.
    7. Derek Bailey, 1995. "Accounting in transition in the transitional economy," European Accounting Review, Taylor & Francis Journals, vol. 4(4), pages 595-623.
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    9. Hilmy, Joseph, 1999. "Communists Among Us in a Market Economy: Accountancy in the People's Republic of China," The International Journal of Accounting, Elsevier, vol. 34(4), pages 491-515, 010.
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    More about this item

    Keywords

    capitalism; communism; accounting; China; reform; transitional economy;

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism

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