An examination is made of the impact of constituent lobbying activity on accounting regulators during the transformation of the Fourth European Company Law Directive into German accounting law. Using detailed published commentaries prepared by representative organizations on draft accounting legislation, evidence is provided concerning the preferences of the three primary German accounting constituencies – industry preparers, auditors, and academic experts. Initially, a model that merely distinguishes between the three constituencies suggests that the industry lobby group representing preparers exerts the greatest influence on the decisions of the German legislature. However, when the empirical model is extended to include all two-way interaction effects, the relative power of preparers is seen to be far lower, with the influence exerted by industry depending crucially on the support of at least one of the remaining lobby groups.
Goes back to first principles and explores the role of accounting in society. An analysis is made of the ontological basis of accounting, and the implications for research on the politics of accounting are highlighting. The four sections are as follows: (1) Preliminary remarks; (2) Politics of accounting: Shaping accounting as a societal institution; (3) The ontology of accounting as a societal institution – accounting as a thought construct (‘Denkmuster’), meaning through functionality, collective intentionality, the institutional richness of the accounting environment, normative and casual foundations of the existence of accounting; and (4) Implications of the ontology of accounting for political research.
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