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| Tekijä: | Hillier, D. (et al.) |
| Otsikko: | Accounting window dressing and template regulation: a case study of the Australian credit union industry |
| Lehti: | Journal of Business Ethics
2008 : DEC II, VOL 83:3, p. 579-593 |
| Asiasana: | stakeholders capital adequacy regulations accounting credit unions Australia |
| Kieli: | eng |
| Tiivistelmä: | The article presents the results of a study of the Australian credit union industry. The response of co-operative institutions to a new capital adequacy regulation are examined. The authors show that co-operative philosophy and the co-operative firm's corporate governance structure leads management to use accounting window dressing techniques to increase capital adequacy ratios. Obviously, this is not the intention of the regulation that's aim was to increase operating margins and lower risk. These findings put forth discussion on the ethics of accounting management and the adequacy of the one-shoe-fits-all approach of external regulation. |
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