Universität zu Köln

Pelger, Christoph and Spiess, Nicole (2017). On the IASB's construction of legitimacy - the case of the agenda consultation project. Account. Bus. Res., 47 (1). S. 64 - 91. ABINGDON: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD. ISSN 2159-4260

Full text not available from this repository.

Abstract

As an expertise-based private standard-setter, the International Accounting Standards Board (IASB) needs to work continuously to maintain its position as the uncontested rule-making authority of financial reporting in the international regulatory arena. The present paper analyses how the IASB constructs legitimacy in interaction with its constituents. We focus on the specific case of the IASB's agenda consultation in 2011/2012 as this project was explicitly introduced by the IASB to promote its legitimacy. We carry out a comprehensive study of the agenda consultation that takes into account all board meetings, comment letters and public board activities. We show that the consultation activities in this project were used by the IASB to pronounce its user (investor) orientation, which, however, might be formal rather than substantial, and to integrate a loyal circle of constituents further. It is also shown that the IASB increasingly tried to portray agenda-setting (and standard-setting) as an objective and evidence-based procedure that resonates with constituents' demands, although it might in fact enlarge the discretionary leeway of IASB (and staff) members.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Pelger, Christoph UNSPECIFIED UNSPECIFIED UNSPECIFIED Spiess, Nicole UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-242848
DOI:	10.1080/00014788.2016.1198684
Journal or Publication Title:	Account. Bus. Res.
Volume:	47
Number:	1
Page Range:	S. 64 - 91
Date:	2017
Publisher:	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Place of Publication:	ABINGDON
ISSN:	2159-4260
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language FORMAL PARTICIPATION; DUE-PROCESS; IFRS; ADOPTION; CRISIS; RISE Multiple languages Business, Finance Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/24284