IDEAS home Printed from https://ideas.repec.org/p/ehl/lserod/36535.html
   My bibliography  Save this paper

Transnational institution building as public-private interaction: the case of standard setting on the Internet and in corporate financial reporting

Author

Listed:
  • Botzem, Sebastian
  • Hofmann, Jeanette

Abstract

This article sets out to compare processes of formal institution building in two transnational policy areas, the regulation of the Internet infrastructure and the regulation of corporate financial reporting. Both cases are concerned with regulatory arrangements beyond the nation state, in which standards are sought to reduce the uncertainty that actors face when interacting at the transnational level. The article focuses on changing actor constellations, arguing in favour of dynamic conceptions of transnational regulation and rule-making. Both cases demonstrate that the creation of regulatory institutions such as standards, codes or contracts is a dynamic and interactive process that involves both public and private actors. Based on a comparison of the regulatory arrangements we specify various phases of transnational institution-building and we suggest three mechanisms that help explain the observed institutional changes. Both cases illustrate that transnational regulatory institutions do not only reduce uncertainty, they also contribute to the creation of new forms of uncertainty.

Suggested Citation

  • Botzem, Sebastian & Hofmann, Jeanette, 2008. "Transnational institution building as public-private interaction: the case of standard setting on the Internet and in corporate financial reporting," LSE Research Online Documents on Economics 36535, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:36535
    as

    Download full text from publisher

    File URL: http://eprints.lse.ac.uk/36535/
    File Function: Open access version.
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jacint Jordana & David Levi-Faur (ed.), 2004. "The Politics of Regulation," Books, Edward Elgar Publishing, number 3167.
    2. Gerald F. Davis & Christopher Marquis, 2005. "Prospects for Organization Theory in the Early Twenty-First Century: Institutional Fields and Mechanisms," Organization Science, INFORMS, vol. 16(4), pages 332-343, August.
    3. Cowhey, Peter F., 1990. "The international telecommunications regime: the political roots of regimes for high technology," International Organization, Cambridge University Press, vol. 44(2), pages 169-199, April.
    4. Jacint Jordana & David Levi-Faur, 2004. "The Politics of Regulation in the Age of Governance," Chapters, in: Jacint Jordana & David Levi-Faur (ed.), The Politics of Regulation, chapter 1, Edward Elgar Publishing.
    5. Eaton, Sarah B., 2005. "Crisis and the Consolidation of International Accounting Standards: Enron, The IASB, and America," Business and Politics, Cambridge University Press, vol. 7(3), pages 1-18, December.
    6. Beckert, Jens, 2000. "Economic sociology in Germany," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 1(2), pages 2-7.
    7. Cooper, David J. & Robson, Keith, 2006. "Accounting, professions and regulation: Locating the sites of professionalization," Accounting, Organizations and Society, Elsevier, vol. 31(4-5), pages 415-444.
    8. Ahrne, Göran & Brunsson, Nils, 2005. "Organizations and meta-organizations," Scandinavian Journal of Management, Elsevier, vol. 21(4), pages 429-449, December.
    9. Nye, Joseph S. & Keohane, Robert O., 1971. "Transnational Relations and World Politics: An Introduction," International Organization, Cambridge University Press, vol. 25(3), pages 329-349, July.
    10. Dequech, David, 2006. "The new institutional economics and the theory of behaviour under uncertainty," Journal of Economic Behavior & Organization, Elsevier, vol. 59(1), pages 109-131, January.
    11. Milton L. Mueller, 2002. "Ruling the Root: Internet Governance and the Taming of Cyberspace," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262134128, December.
    12. Martinez-Diaz Leonardo, 2005. "Strategic Experts and Improvising Regulators: Explaining the IASC's Rise to Global Influence, 1973-2001," Business and Politics, De Gruyter, vol. 7(3), pages 1-28, December.
    13. Per Thorell & Geoffrey Whittington, 1994. "The harmonization of accounting within the EU," European Accounting Review, Taylor & Francis Journals, vol. 3(2), pages 215-240.
    14. Eaton Sarah B., 2005. "Crisis and the Consolidation of International Accounting Standards: Enron, The IASB, and America," Business and Politics, De Gruyter, vol. 7(3), pages 1-20, December.
    15. Camfferman, Kees & Zeff, Stephen A., 2007. "Financial Reporting and Global Capital Markets: A History of the International Accounting Standards Committee, 1973-2000," OUP Catalogue, Oxford University Press, number 9780199296293.
    16. Braithwaite,John & Drahos,Peter, 2000. "Global Business Regulation," Cambridge Books, Cambridge University Press, number 9780521784993.
    17. Hall, Peter A. & Taylor, Rosemary C. R., 1996. "Political science and the three new institutionalisms," MPIfG Discussion Paper 96/6, Max Planck Institute for the Study of Societies.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Büthe Tim, 2010. "Private Regulation in the Global Economy: A (P)Review," Business and Politics, De Gruyter, vol. 12(3), pages 1-40, October.
    2. Oehr, Tim-Frederik & Zimmermann, Jochen, 2012. "Accounting and the welfare state: The missing link," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 23(2), pages 134-152.
    3. Büthe Tim, 2010. "Engineering Uncontestedness? The Origins and Institutional Development of the International Electrotechnical Commission (IEC)," Business and Politics, De Gruyter, vol. 12(3), pages 1-64, October.
    4. repec:hal:spmain:info:hdl:2441/8526 is not listed on IDEAS
    5. Cornelia Woll & Alvaro Artigas, 2007. "When Trade Liberalization Turns into Regulatory Reform: The Impact on Business-Government Relations in International Trade Politics," Sciences Po publications info:hdl:2441/8526, Sciences Po.
    6. Cornelia Woll & Alvaro Artigas, 2007. "When Trade Liberalization Turns into Regulatory Reform: The Impact on Business-Government Relations in International Trade Politics," Post-Print hal-01071209, HAL.
    7. Thiemann Matthias, 2014. "The impact of meta-standardization upon standards convergence: the case of the international accounting standard for off-balance-sheet financing," Business and Politics, De Gruyter, vol. 16(1), pages 79-112, April.
    8. Crawford, L. & Ferguson, J. & Helliar, C.V. & Power, D.M., 2014. "Control over accounting standards within the European Union: The political controversy surrounding the adoption of IFRS 8," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 25(4), pages 304-318.
    9. Marie-Laure Salles-Djelic & Sigrid Quack, 2008. "Institutions and transnationalization," Post-Print hal-01891988, HAL.
    10. Graeme A. Hodge, 2013. "Rethinking the state through the lens of regulatory governance," Chapters, in: John Farrar & David G. Mayes (ed.), Globalisation, the Global Financial Crisis and the State, chapter 9, pages 197-217, Edward Elgar Publishing.
    11. Burkard Eberlein & Kenneth W. Abbott & Julia Black & Errol Meidinger & Stepan Wood, 2014. "Transnational business governance interactions: Conceptualization and framework for analysis," Regulation & Governance, John Wiley & Sons, vol. 8(1), pages 1-21, March.
    12. Botzem, Sebastian, 2014. "Transnational standard setting in accounting: Organizing expertise-based self-regulation in times of crises," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 27(6), pages 933-955.
    13. Onyeka Osuji, 2011. "Fluidity of Regulation-CSR Nexus: The Multinational Corporate Corruption Example," Journal of Business Ethics, Springer, vol. 103(1), pages 31-57, September.
    14. Michael Grothe-Hammer & Héloïse Berkowitz, 2024. "Unpacking Social Order: Towards a Novel Framework that Goes Beyond Organizations, Institutions, and Networks Forthcoming in Critical Sociology," Post-Print hal-04426296, HAL.
    15. S. Susela Devi & R. Helen Samujh, 2015. "The Political Economy of Convergence: The Case of IFRS for SMEs," Australian Accounting Review, CPA Australia, vol. 25(2), pages 124-138, June.
    16. Braithwaite, John, 2006. "Responsive regulation and developing economies," World Development, Elsevier, vol. 34(5), pages 884-898, May.
    17. Marc Quintyn, 2009. "Independent agencies: more than a cheap copy of independent central banks?," Constitutional Political Economy, Springer, vol. 20(3), pages 267-295, September.
    18. Janina Grabs & Graeme Auld & Benjamin Cashore, 2021. "Private regulation, public policy, and the perils of adverse ontological selection," Regulation & Governance, John Wiley & Sons, vol. 15(4), pages 1183-1208, October.
    19. Mathias Koenig-Archibugi, 2011. "Global Governance," Chapters, in: Jonathan Michie (ed.), The Handbook of Globalisation, Second Edition, chapter 19, Edward Elgar Publishing.
    20. Cornelia Woll, 2010. "Firm Interests in Uncertain Times: Business Lobbying in Multilateral Service Liberalization," Sciences Po publications info:hdl:2441/f5vtl5h9a73, Sciences Po.
    21. Gallhofer, Sonja & Haslam, Jim & Kamla, Rania, 2011. "The accountancy profession and the ambiguities of globalisation in a post-colonial, Middle Eastern and Islamic context: Perceptions of accountants in Syria," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 22(4), pages 376-395.

    More about this item

    JEL classification:

    • H0 - Public Economics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ehl:lserod:36535. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: LSERO Manager (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.