RT Article
T1 Accounting Window Dressing and Template Regulation: A Case Study of the Australian Credit Union Industry
JF Journal of business ethics
VO 83
IS 3
SP 579
OP 593
A1 Hillier, David
A1 Hodgson, Allan
A1 Stevenson-Clarke, Peta
A1 Lhaopadchan, Suntharee
A2 Hodgson, Allan
A2 Stevenson-Clarke, Peta
A2 Lhaopadchan, Suntharee
LA English
YR 2008
UL https://ixtheo.de/Record/1785632299
AB 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.
K1 M40
K1 G21
K1 accounting window dressing
K1 capital adequacy regulation
K1 cooperative stakeholder governance
DO 10.1007/s10551-007-9640-9