Strathprints logo
Strathprints Home | Open Access | Browse | Search | User area | Copyright | Help | Library Home | SUPrimo

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

Hillier, D.J. and Hodgson, Allan and Lhaopadchan, S. and Stevenson-Clarke, P. (2008) Accounting window dressing and template regulation: A case study of the Australian credit union industry. Journal of Business Ethics, 83 (3). pp. 579-593. ISSN 0167-4544

Full text not available in this repository. (Request a copy from the Strathclyde author)

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.

Item type: Article
ID code: 28366
Keywords: cooperative stakeholder governance, capital adequacy regulation, accounting window dressing, Finance, Business, Management and Accounting(all), Economics and Econometrics, Business and International Management, Law
Subjects: Social Sciences > Finance
Department: Strathclyde Business School > Accounting and Finance
Related URLs:
    Depositing user: Miss Donna McDougall
    Date Deposited: 19 Oct 2010 10:21
    Last modified: 05 Sep 2014 05:12
    URI: http://strathprints.strath.ac.uk/id/eprint/28366

    Actions (login required)

    View Item