A Theory of the Corporate Decision to Resist FASB Standards: An Organization Theory Perspective
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In: Accounting, Organizations and Society, Vol. 31, No. 7, 01.10.2006, p. 601-622.
Research output: Journal contributions › Journal articles › Research
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TY - JOUR
T1 - A Theory of the Corporate Decision to Resist FASB Standards
T2 - An Organization Theory Perspective
AU - Elbannan , Mohamed A.
AU - McKinley, William
PY - 2006/10/1
Y1 - 2006/10/1
N2 - This paper develops a theoretical framework that specifies the conditions under which corporations are likely to resist financial reporting standards proposed by the Financial Accounting Standards Board (FASB). Determinants of corporate resistance to FASB standards are identified at three levels of analysis: the standard, the corporation, and the corporation’s industry. Propositions are formulated summarizing the effects of the determinants at these three levels, and guidelines are suggested for testing the propositions. Implications for the theory and the practice of accounting regulation are also discussed. The overall goal of the paper is to enhance our understanding of the drivers of corporate resistance to FASB standards, so that accounting regulators can manage the implementation of accounting standards more effectively.
AB - This paper develops a theoretical framework that specifies the conditions under which corporations are likely to resist financial reporting standards proposed by the Financial Accounting Standards Board (FASB). Determinants of corporate resistance to FASB standards are identified at three levels of analysis: the standard, the corporation, and the corporation’s industry. Propositions are formulated summarizing the effects of the determinants at these three levels, and guidelines are suggested for testing the propositions. Implications for the theory and the practice of accounting regulation are also discussed. The overall goal of the paper is to enhance our understanding of the drivers of corporate resistance to FASB standards, so that accounting regulators can manage the implementation of accounting standards more effectively.
KW - Management studies
UR - http://www.scopus.com/inward/record.url?scp=33746940812&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/43c9a91a-a429-394a-8d64-6cfcd53cedb2/
U2 - 10.1016/j.aos.2005.12.002
DO - 10.1016/j.aos.2005.12.002
M3 - Journal articles
VL - 31
SP - 601
EP - 622
JO - Accounting, Organizations and Society
JF - Accounting, Organizations and Society
SN - 0361-3682
IS - 7
ER -