Accounting window dressing and template regulation: A case study of the Australian credit union industry

Hillier, David, Hodgson, Allan, Stevenson-Clarke, Peta and Lhaopadchan, Suntharee (2008) Accounting window dressing and template regulation: A case study of the Australian credit union industry. Journal of Business Ethics, 83 3: 579-593. doi:10.1007/s10551-007-9640-9


Author Hillier, David
Hodgson, Allan
Stevenson-Clarke, Peta
Lhaopadchan, Suntharee
Title Accounting window dressing and template regulation: A case study of the Australian credit union industry
Journal name Journal of Business Ethics   Check publisher's open access policy
ISSN 0167-4544
Publication date 2008-12
Sub-type Article (original research)
DOI 10.1007/s10551-007-9640-9
Volume 83
Issue 3
Start page 579
End page 593
Total pages 15
Place of publication Netherlands
Publisher Springer Netherlands
Collection year 2009
Language eng
Abstract This article documents the response of cooperative institutions that were required to adhere to new capital adequacy regulations traditionally geared for profit-maximising organisations. Using data from the Australian credit union industry, we demonstrate that the cooperative philosophy and internal corporate governance structure of cooperatives will lead management to increase capital adequacy ratios through the application of accounting window dressing techniques. This is opposite to the intended purpose of template regulation aimed at efficiently increasing operating margins and lowering risk. Our results raise several debatable issues regarding the ethics of accounting management and the imposition of one-shoe-fits-all external regulation. © 2008 Springer Science+Business Media B.V.
Keyword Accounting window dressing
Capital adequacy regulation
Cooperative stakeholder governance
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collection: UQ Business School Publications
 
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