Ownership changes, accounting practice and the redefinition of the corporation |
| |
Authors: | Wendy Nelson Espeland |
| |
Abstract: | This paper examines the role of accounting in facilitating and legitimating the conglomerate movement in American business during the 1960s. We argue that the profileration of conglomerate mergers contributed to a reconceptualization of the corporation that emphasized its financial rather than its productive capacities. This conception of the firm has now been institutionalized; its logic motivates the takeovers and restructuring that characterize contemporary business. Our case illustrates the rhetorical power of accounting as a symbolic system for legitimating new corporate forms and practices. |
| |
Keywords: | |
本文献已被 ScienceDirect 等数据库收录! |
|