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International accounting standardization : the institutional legitimacy of a private standards setters

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  • Gregory Heem

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

Abstract

The objective of this paper is to analyse the sources of legitimacy of the producing organizations of accounting standards. Firstly, we examine the need for harmonisation of accounting standards in particular to maintain the confidence of investors and savers in the financial and economic system. Secondly, the paper presents the internal and external sources of legitimacy and analyses the legitimacy of the International Standard Accounting Board (IASB).

Suggested Citation

  • Gregory Heem, 2007. "International accounting standardization : the institutional legitimacy of a private standards setters," Post-Print halshs-00856207, HAL.
    • Handle: RePEc:hal:journl:halshs-00856207
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00856207
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    File URL: https://shs.hal.science/halshs-00856207/document
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    References listed on IDEAS

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    1. Johnson, Steven B. & Solomons, David, 1984. "Institutional legitimacy and the FASB," Journal of Accounting and Public Policy, Elsevier, vol. 3(3), pages 165-183.
    2. Bernard Colasse & Peter Standish, 2004. "The Development and Decline of Law in French Accounting Regulation," Post-Print halshs-00153482, HAL.
    3. Bernard Colasse & Peter Standish, 2004. "The Development and Decline of Law in French Accounting Regulation," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 8(4), pages 407-429, October.
    4. repec:dau:papers:123456789/2249 is not listed on IDEAS
    5. Per Thorell & Geoffrey Whittington, 1994. "The harmonization of accounting within the EU," European Accounting Review, Taylor & Francis Journals, vol. 3(2), pages 215-240.
    6. Christian Hoarau, 1995. "International accounting harmonization," European Accounting Review, Taylor & Francis Journals, vol. 4(2), pages 217-233.
    7. Anthony G. Hopwood, 1994. "Some reflections on 'The harmonization of accounting within the EU'," European Accounting Review, Taylor & Francis Journals, vol. 3(2), pages 241-254.
    8. Matthias Schmidt, 2002. "On The Legitimacy Of Accounting Standard Setting By Privately Organised Institutions In Germany And Europe," Schmalenbach Business Review (sbr), LMU Munich School of Management, vol. 54(2), pages 171-193, April.
    9. Carlson, Peter, 1997. "Advancing the harmonisation of international accounting standards: Exploring an alternative path," The International Journal of Accounting, Elsevier, vol. 32(3), pages 357-378.
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    Cited by:

    1. Michele Pizzo & Nicola Moscariello & Claudio Teodori & Monica Veneziani & Laura Rocca & Alberto Quagli & Elisa Roncagliolo, 2016. "Who Influences Whom? An Exploratory Analysis of the Interrelations between Accounting Research and the IASB?s Standard Setting Activity," FINANCIAL REPORTING, FrancoAngeli Editore, vol. 2016(1), pages 77-94.

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