Khadaroo, M Iqbal (2005) An institutional theory perspective on the UK's Private Finance Initiative (PFI) accounting standard setting process. Public Management Review, 7 (1). pp. 69-94. ISSN 1471-9037

Full text not available from this repository.

Abstract

This article examines the Private Finance Initiative (PFI) accounting standard setting process from an institutional theory perspective. It identifies three forms of institutional pressures and examines their impact on the PFI standard setting process. ‘Coercive’ pressure, exerted by the Treasury, and ‘normative’ pressure, exerted by the accounting profession, were influential in shaping respondents' comments on the PFI accounting Exposure Draft (ED). It is argued that the views of the accounting profession seem to have prevailed in the PFI standard setting process. This might stem from its institutional legitimacy and close ties with the Accounting Standards Board (ASB). In line with its broader policy objective of adopting private sector business practices in the public sector, the Treasury has eventually ‘acquiesced’ to the final PFI accounting standard issued by the ASB.

Item Type:	Article
Schools and Departments:	University of Sussex Business School > Business and Management
Subjects:	H Social Sciences > HJ Public Finance H Social Sciences > HJ Public Finance > HJ9701 Public accounting. Auditing
Depositing User:	Iqbal Khadaroo
Date Deposited:	18 Jan 2016 10:32
Last Modified:	18 Jan 2016 10:32
URI:	http://sro.sussex.ac.uk/id/eprint/59262

📧 Request an update