Relevance of academic research and researchers‘ role in the IASB’s financial reporting standard setting

Title data

Fülbier, Rolf Uwe ; Hitz, Jörg-Markus ; Sellhorn, Thorsten:
Relevance of academic research and researchers‘ role in the IASB’s financial reporting standard setting.
In: ABACUS : A Journal of Finance, Accounting and Business Studies. Vol. 45 (2009) Issue 4 . - pp. 455-492.
ISSN 1467-6281
DOI: https://doi.org/10.1111/j.1467-6281.2009.00300.x

Official URL:

Abstract in another language

The International Accounting Standards Board (IASB) faces a vast number of standard-setting issues at all levels of financial reporting. The purpose of this article is to explore the relevance of academic research for financial reporting standard setting and the role of academic researchers in the standard-setting process. We contribute to the current debate surrounding International Financial Reporting Standards (IFRS) by drawing inferences from prior findings regarding the role of research in the IASB's standard-setting efforts. After defining three broad categories of standard-setting questions, we explore how the international heterogeneity of its constituency imposes constraints on the IASB's work. Then, whether and how academic research can inform policy makers is investigated from an epistemological perspective. Based on a review of extant literature, the general criteria which a piece of research should fulfil in order to be perceived as relevant and useful by standard setters are discussed. This discussion is followed by more detailed considerations regarding the suitability of different research approaches for each of the three categories of standard-setting questions. We also touch on the subject of inferential problems inherent in most academic accounting research. Since the main objective is to contribute insights relevant to the IASB's efforts, we analyse academics' career systems and their incentives to engage in research intermediation, before discussing possible ways in which interested researchers can channel their insights into the IASB's standard-setting process. Overall, the international dimension of IASB standard setting and its implications for relevant research are emphasized.

Further data

Item Type:	Article in a journal
Refereed:	Yes
Institutions of the University:	Faculties Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Business Administration Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration X - International Financial Reporting Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration X - International Financial Reporting > Chair Business Administration X - International Financial Reporting - Univ.-Prof. Dr. Rolf Uwe Fülbier Profile Fields > Emerging Fields > Innovation and Consumer Protection Profile Fields Profile Fields > Emerging Fields
Result of work at the UBT:	Yes
DDC Subjects:	300 Social sciences > 330 Economics
Date Deposited:	02 Dec 2014 07:11
Last Modified:	11 Oct 2023 10:48
URI:	https://eref.uni-bayreuth.de/id/eprint/4233