Expertise-Based Lobbying and Accounting Regulation

Königsgruber, Roland, Expertise-based lobbying and accounting regulation, Journal of Management and Governance, Vol. 17, 1009–1025, 2013.

Posted: 23 Jan 2014

Date Written: January 22, 2014

Abstract

It has long been recognised that accounting regulation is not a mere technical exercise but one that takes place in a political context and lobbying has been examined in numerous empirical studies. Most of these studies address lobbying of the accounting standard setter. However, standard setting is embedded in a political and institutional context. In their decision-making, these institutions depend on the expertise of potentially self-interested lobbyists. This expertise provision element tends to be ignored in most lobbying studies. The present paper proposes an analytical model of lobbying of an accounting regulator that explicitly focuses on the provision of relevant information by lobbyists. It suggests that lobbying will generally be non-controversial, i.e. either those opposed to a standard will lobby or those favouring it, but not both. Analysis of the model furthermore implies an important role for the regulator’s ex ante leanings, both perceived and real, even when the regulator treats all information received impartially. This implies an important role for the institutional context of accounting regulation.

Keywords: lobbying, accounting regulation, expertise provision, analytical model

JEL Classification: M40, M41, M48

Suggested Citation

Koenigsgruber, Roland, Expertise-Based Lobbying and Accounting Regulation (January 22, 2014). Königsgruber, Roland, Expertise-based lobbying and accounting regulation, Journal of Management and Governance, Vol. 17, 1009–1025, 2013.. Available at SSRN: https://ssrn.com/abstract=2383120

Roland Koenigsgruber (Contact Author)

SKEMA Business School ( email )

Lille
France

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