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首页> 外文期刊>Pacific Accounting Review >Accounting choice, market failure, and regulation
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Accounting choice, market failure, and regulation

机译：会计选择，市场失灵和监管

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Purpose – The purpose of this paper is to explain the adoption of consolidated accounting for New Zealand holding companies during the period 1946-1957. Design/methodology/approach – An explanatory, multiple-case, holistic case study is used to explain the relative increase in consolidated accounting adoption in New Zealand following passage of the Companies Act 1955, in spite of that accounting choice remaining voluntary under the legislation. Findings – The explanation is subjected to replication tests for explanatory case studies, and is supported by the data from all 25 cases satisfying the criterion for inclusion in the study. Originality/value – The explanation differs from the micro-economic explanations of accounting choice in terms of firm characteristics which are generated within the positive accounting research paradigm. It utilizes findings from research in the economics of standardization which show that mechanisms for co-ordinating the behaviour of market participants enable them to capture benefits of market externalities which would otherwise be unavailable because of market failure. The explanation is that: the low rate of pre-legislation consolidated accounting adoption was due to a market failure around the accounting information which rendered unilateral adoption generally uneconomic; and the post-legislation surge in adoption was due to passage of the Act resolving the market failure by overcoming a co-ordination problem for potential adopters, enabling them to realise positive network effects and, therewith, net benefits of adoption.
机译：目的–本文的目的是说明在1946-1957年间采用合并会计法处理新西兰控股公司的情况。设计/方法/方法–使用解释性，多案例，整体的案例研究来解释1955年《公司法》通过后新西兰合并会计采用的相对增加，尽管根据立法该会计选择仍然是自愿的。调查结果–该解释经过解释性案例研究的重复测试，并得到所有25个符合纳入研究标准的案例的数据的支持。原创性/价值–在积极会计研究范式内产生的公司特征方面，该解释与会计选择的微观经济学解释不同。它利用了标准化经济学研究的发现，这些发现表明，协调市场参与者行为的机制使他们能够获得市场外部性的好处，否则由于市场失灵而无法获得。解释是：立法前合并会计采用率低是由于围绕会计信息的市场失灵导致单方面采用通常不经济；立法后的采用激增是由于该法案的通过，它通过克服潜在采用者的协调问题来解决市场失灵，使他们能够实现积极的网络效应，并因此获得采用的净收益。

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