PPPs and non-financial value: a critical analysis of public policy and implications for social, environmental and indigenous cultural values

Boyce, Gordon; McDonald-Kerr, Lachlan

doi:10.1108/medar-02-2020-0775

Cited by 5 publications

(7 citation statements)

References 57 publications

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“…In practical terms, the inadequacy of financial reporting has implications for First Nations entities. First, IHCAs frequently come under threat from property development interests, particularly within the mining industry (Boyce and McDonald-Kerr 2020;Guevara et al 2020), and are likely to be lost without adequate recognition and protection (O'Faircheallaigh 2008; Bodle et al 2018;Hepburn 2020). Recent examples of the destruction of the Juukan Gorge in the Pilbara in Western Australia and threats to sacred lands in Queensland and Arizona reinforce the urgent need for this protection (Hepburn 2020;Lannin 2021;Smee 2021).…”

Section: Cultural Diversity and The Techniques Of Accountingmentioning

confidence: 99%

Section: Cultural Diversity and The Techniques Of Accountingmentioning

confidence: 99%

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Accounting and First Nations: A Systematic Literature Review and Directions for Future Research

Norris

Kutubi

Greenland

2022

Australian Accounting Review

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This paper presents a synthesis of academic research focused on First Nations peoples, contrasting First Nations versus non-Indigenous understandings of accounting and accountability. Key themes and trends in past research are identified across 51 publications spanning four decades, and directions for future research are proposed. The need for more culturally responsive accounting is well established, and past studies highlight the inadequacies of reporting practices which do not appear to capture the priorities and nuances of First Nations entities. The focus and execution of accounting research is shifting towards more contemporary experiences with accounting, and the contribution of First Nations worldviews to advances in non-financial reporting. This paper systematically explains the inadequacies of contemporary reporting practices and encourages the accounting community to reflect on future opportunities. It is therefore relevant to both academics and practitioners seeking to uphold the rights of First Nations peoples to self-determination in line with the United Nations Declaration on the Rights of Indigenous Peoples. Further work is urgently required to ensure First Nations organisations are adequately supported in their reporting practices, to incorporate traditional knowledges and to achieve positive outcomes for their communities.

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Section: Cultural Diversity and The Techniques Of Accountingmentioning

confidence: 99%

Section: Cultural Diversity and The Techniques Of Accountingmentioning

confidence: 99%

Accounting and First Nations: A Systematic Literature Review and Directions for Future Research

Norris

Kutubi

Greenland

2022

Australian Accounting Review

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“…Several articles on PPPs and TSOs show that NFR frameworks have limitations that can result in obscured information on economic, environmental and social value created. In PPP literature, one study shows that when accounting for social, cultural and environmental problems is framed through economic and financial lenses, only quantifiable aspects of non-financial values are evaluated, making other important non-financial values invisible (Boyce and McDonald-Kerr, 2020). Other articles on this topic are devoted to TSOs.…”

Section: Resultsmentioning

confidence: 99%

“…As a result, SROI analysis may favor activities with quantifiable outcomes, thereby incentivizing organizations to focus on activities that could be readily monetized. Discussing how PPP policy shapes the manner in which main non-financial values are accounted for and reported, Boyce and McDonald-Kerr (2020) find that non-financial issues are treated as risks, and accounting for social, cultural and environmental problems is framed through economics and financial lenses. According to the authors, this tendency to quantify non-financial values results in the evaluation of quantifiable aspects of these values and makes other important non-financial values invisible, potentially promoting unsustainable practices.…”

Section: The Implications Of Non-financial Reporting For Hybrid Chara...mentioning

confidence: 99%

Non-financial reporting in hybrid organizations – a systematic literature review

Ahunov

2023

MEDAR

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Purpose This paper aims to systematically review the field of non-financial reporting (NFR) in hybrid organizations, focusing on state-owned enterprises, third-sector organizations and public–private partnerships. This is a timely attempt to identify the state of the art in the literature and outline the future research agenda. The paper answers two research questions: RQ1. What can be learned about NFR in hybrid organizations from the existing literature? RQ2. What are the future avenues for research on the topic? Design/methodology/approach A systematic literature review method was applied in this paper to summarize evidence from extant literature on NFR in hybrid organizations. The Scopus and Web of Science Core Collection databases were used to locate 92 articles for the review. Findings Recent years have witnessed a sharp increase in the number of articles on the topic. Regarding the implications of NFR for hybrid characteristics, NFR has some potential to strengthen the influence of non-market (i.e. state, community and social) logics in hybrid organizations. However, this potential may be limited due to the effect of market logics and the tensions that arise between the multiple logics in hybrid organizations. Regarding the implications of hybrid characteristics for NFR, these characteristics can not only affect the extent, the quality, the likelihood and the institutionalization of NFR but also result in the development of new NFR frameworks. The review calls for more research on the implications of NFR for multiple institutional logics and the implications of these logics for NFR in hybrid organizations. Originality/value To the best of the authors’ knowledge, this is the first literature review that mobilizes insights from hybridity research to analyze NFR literature on diverse hybrid organizations.

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“…Any transfer of public responsibilities to private enterprise, such as in PPPs, presents potential accountability problems that are partly a result of the blurring of boundaries between public and private. Associated uncertainty about the distribution of responsibilities can fragment the focus on public accountability (Boyce and McDonald-Kerr, 2021;Stafford and Stapleton, 2022). As Svedberg Helgesson (2010, p. 24) states, .…”

Section: Neoliberalism and New Public Managementmentioning

confidence: 99%

Neoliberalism and New Public Management: decision-making and accountability in a public–private partnership

McDonald-Kerr

Boyce

2023

AAAJ

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PurposeThe purpose of this paper is to investigate public disclosures and accountability for government decision-making in the case of a major prison project delivered through a Public–Private Partnership (PPP) in the State of Victoria (Australia).Design/methodology/approachThe study explores a unique case to provide insights into public disclosures for PPPs in a jurisdiction that is a recognised leader in PPP policy and practice. The analysis is theoretically framed by an understanding of neoliberalism and New Public Management, and draws on data from case-specific reporting, media reporting and public policy, to examine interconnections between accounting, public discourse and accountability.FindingsThe analysis shows how publicly available information relating to key government decisions routinely lacked supporting evidence or explanation, even though areas of subjectivity were recognised in public policy. Accounting was deployed numerically and discursively to present potentially contestable decisions as being based on common-sense “facts”. The implied “truth” status of government reporting is problematised by media disclosure of key issues absent from government disclosures.Social implicationsUnder neoliberalism, accountingisation can help depoliticise the public sphere and limit discourse by constructing ostensible “facts” in an inherently contestable arena. By contrast, democratic accountability requires public disclosures that infuse a critical dialogical public sphere.Originality/valueThe paper shows how neoliberalism can be embedded in public policies and institutional practices, and buttressed by the use of accounting. The analysis illuminates the persistence and “failing forward” character of neoliberalism, whereby crises are addressed through further neoliberalisation.

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PPPs and non-financial value: a critical analysis of public policy and implications for social, environmental and indigenous cultural values

Cited by 5 publications

References 57 publications

Accounting and First Nations: A Systematic Literature Review and Directions for Future Research

Accounting and First Nations: A Systematic Literature Review and Directions for Future Research

Non-financial reporting in hybrid organizations – a systematic literature review

Neoliberalism and New Public Management: decision-making and accountability in a public–private partnership

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