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In pursuit of legitimacy: a history behind fair value accounting

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In pursuit of legitimacy: a history behind fair value accounting. / Georgiou, O.; Jack, Lisa.

In: The British Accounting Review, Vol. 43, No. 1, 12.2011, p. 311-323.

Research output: Contribution to journalArticlepeer-review

Harvard

Georgiou, O & Jack, L 2011, 'In pursuit of legitimacy: a history behind fair value accounting', The British Accounting Review, vol. 43, no. 1, pp. 311-323. https://doi.org/10.1016/j.bar.2011.08.001

APA

Vancouver

Author

Georgiou, O. ; Jack, Lisa. / In pursuit of legitimacy: a history behind fair value accounting. In: The British Accounting Review. 2011 ; Vol. 43, No. 1. pp. 311-323.

Bibtex

@article{8cebdb8154b8407e860accfc8fed0760,
title = "In pursuit of legitimacy: a history behind fair value accounting",
abstract = "An examination of the history of attempts by regulators, practitioners and scholars from the mid nineteenth century to 2005 to establish an appropriate accounting measurement basis for financial reporting here leads to an evaluation of the likelihood of fair value accounting (FVA) practices becoming fully institutionalised. Using concepts drawn from theories of legitimation, it is shown here that historic cost accounting (HCA) only enjoyed an episodic legitimacy in the 1940s–70s and that prior and after this period mixed measurement incorporating market values is routinised. Although principles of FVA have been legitimised to an extent, it is argued here that this has resulted in the practice of mixed measurement bases being taken for granted.",
author = "O. Georgiou and Lisa Jack",
year = "2011",
month = dec,
doi = "10.1016/j.bar.2011.08.001",
language = "English",
volume = "43",
pages = "311--323",
journal = "The British Accounting Review",
issn = "0890-8389",
publisher = "Academic Press Inc.",
number = "1",

}

RIS

TY - JOUR

T1 - In pursuit of legitimacy: a history behind fair value accounting

AU - Georgiou, O.

AU - Jack, Lisa

PY - 2011/12

Y1 - 2011/12

N2 - An examination of the history of attempts by regulators, practitioners and scholars from the mid nineteenth century to 2005 to establish an appropriate accounting measurement basis for financial reporting here leads to an evaluation of the likelihood of fair value accounting (FVA) practices becoming fully institutionalised. Using concepts drawn from theories of legitimation, it is shown here that historic cost accounting (HCA) only enjoyed an episodic legitimacy in the 1940s–70s and that prior and after this period mixed measurement incorporating market values is routinised. Although principles of FVA have been legitimised to an extent, it is argued here that this has resulted in the practice of mixed measurement bases being taken for granted.

AB - An examination of the history of attempts by regulators, practitioners and scholars from the mid nineteenth century to 2005 to establish an appropriate accounting measurement basis for financial reporting here leads to an evaluation of the likelihood of fair value accounting (FVA) practices becoming fully institutionalised. Using concepts drawn from theories of legitimation, it is shown here that historic cost accounting (HCA) only enjoyed an episodic legitimacy in the 1940s–70s and that prior and after this period mixed measurement incorporating market values is routinised. Although principles of FVA have been legitimised to an extent, it is argued here that this has resulted in the practice of mixed measurement bases being taken for granted.

U2 - 10.1016/j.bar.2011.08.001

DO - 10.1016/j.bar.2011.08.001

M3 - Article

VL - 43

SP - 311

EP - 323

JO - The British Accounting Review

JF - The British Accounting Review

SN - 0890-8389

IS - 1

ER -

ID: 115606