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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/15387

Title: A geographic analysis of constituents' formal participation in the process of international accounting standard setting: Do we have a level playing field?
Authors: Jorissen, Ann
LYBAERT, Nadine
ORENS, Raf
van der Tas, Leo
Issue Date: 2013
Publisher: ELSEVIER SCIENCE INC
Citation: JOURNAL OF ACCOUNTING AND PUBLIC POLICY, 32 (4), p. 237-270
Abstract: As a private organization, input legitimacy, being achieved when inputs received reflect the opinions of all stakeholders involved, is a key issue for the IASB's acceptance as global standard setter. To study this input legitimacy, this paper examines the evolution of constituent participation in international accounting standard setting in terms of geographic diversity over the period 1995-2007 and examines whether biases (due to differences in institutional regimes) or unequal access (due to differences in participation costs) are present in this process. Based on an analysis of 7442 comment letters we observe an increase in participation over time. However, we also find distortions in the geographic representation of constituents, due to differences in the institutional regimes of countries and due to differences in participation costs, proxied by the level of familiarity with the accounting values embedded in IFRS, with the system of private standard setting, and with the English language. These geographic biases in constituent participation might induce criticism in relation to the input legitimacy of the international accounting standard setting process. (c) 2013 Elsevier Inc. All rights reserved.
Notes: [Jorissen, Ann] Univ Antwerp, Dept Accounting & Finance, B-2000 Antwerp, Belgium. [Lybaert, Nadine] Hasselt Univ, KIZOK, B-3590 Diepenbeek, Belgium. [Orens, Raf] KU Leuven Thomas More, Res Grp Accountancy & Taxat, B-2000 Antwerp, Belgium. [van der Tas, Leo] Tilburg Univ, Dept Accountancy, NL-5000 LE Tilburg, Netherlands. ann.jorissen@ua.ac.be
URI: http://hdl.handle.net/1942/15387
DOI: 10.1016/j.jaccpubpol.2013.04.005
ISI #: 000321402500003
ISSN: 0278-4254
Category: A1
Type: Journal Contribution
Validation: ecoom, 2014
Appears in Collections: Research publications

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