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karin jonnergård. Photo.

Karin Jonnergård

Professor emerita

karin jonnergård. Photo.

The unlikely root of stock market development : labour and professional influence on transparent accounting

Author

  • Karin Jonnergård
  • Ulf Larsson-Olaison
  • Jeroen Veldman

Summary, in English

The development of transparent accounting is often theoretically linked with the development of financial markets. In this paper we argue that such an understanding of transparent accounting does not necessarily consider the temporality of the historical context where transparent accounting is invented. To illustrate this argument we empirically investigate the raise of transparent accounting in Sweden during the 1960s and 1970s. This time-period in Sweden is characterised by underdeveloped financial markets and a strong stakeholder-orientation mostly aimed at economic democracy and strengthened employee voice in corporate decision-making. By providing an alternative understanding of transparent accounting to dominant law and economics scholarship, this paper contributes to our knowledge on the link between accounting and financial markets, especially regarding the role of other interest groups than shareholders influencing accounting development.

Department/s

  • Department of Business Administration

Publishing year

2017

Language

English

Document type

Conference - other

Topic

  • Business Administration

Conference name

SASE Annual Meeting

Conference date

2017-06-28 - 2017-06-30

Conference place

Nice, France

Status

Unpublished