Accountability in a Global Economy: The Emergence of International Accountability Standards

Business Ethics Quarterly, Vol. 21, No.1, pp. 23-44

29 Pages Posted: 15 Nov 2010 Last revised: 18 May 2013

Dirk Ulrich Gilbert

University of Hamburg

Andreas Rasche

Copenhagen Business School

Sandra Waddock

Boston College - Carroll School of Management

Date Written: November 14, 2010

Abstract

This article assesses the proliferation of international accountability standards (IAS) in the recent past. We provide a comprehensive overview about the different types of standards and discus their role as part of a new institutional infrastructure for corporate responsibility. Based on this, it is argued that IAS can advance corporate responsibility on a global level because they contribute to the closure of some omnipresent governance gaps. IAS also improve the preparedness of an organization to give an explanation and a justification to relevant stakeholders for its judgments, intentions, acts and omissions when appropriately called upon to do so. However, IAS also face a variety of problems impeding their potential to help address social and environmental issues. The contribution of the four articles in this Special Issue is discussed in the context of standards’ problems and opportunities to foster corporate responsibility. The article closes by outlining a research agenda to further develop and extend the scholarly debate around IAS.

Suggested Citation

Gilbert, Dirk Ulrich and Rasche, Andreas and Waddock, Sandra, Accountability in a Global Economy: The Emergence of International Accountability Standards (November 14, 2010). Business Ethics Quarterly, Vol. 21, No.1, pp. 23-44. Available at SSRN: https://ssrn.com/abstract=1709011

Dirk Ulrich Gilbert

University of Hamburg ( email )

Allende-Platz 1
Hamburg, 20146
Germany

Andreas Rasche (Contact Author)

Copenhagen Business School ( email )

Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark

Sandra Waddock

Boston College - Carroll School of Management ( email )

140 Commonwealth Avenue
Chestnut Hill, MA 02467
United States

Paper statistics

Downloads
617
Rank
33,905
Abstract Views
2,422