RIS ID
67252
Abstract
Purpose This paper explores the implementation of fair value accounting (FVA) in China as part of a global process of neoliberalisation and financialisation of political and economic systems. It establishes that FVA forms part of the technical architecture of neoliberalism. Design/methodology/approach In considering the processes of neoliberalisation in China, this paper uses a qualitative approach to explore some of the impacts the adoption of FVA has had on Chinese capital markets. Findings It is shown that the practice of FVA is imbued with assumptions about the state and the market that have little bearing on the realities of Chinese capital markets. Rather than advancing the public interest, as neoliberal theories claim, this accounting change has failed
Publication Details
Zhang, Y., Andrew, J. & Rudkin, K. (2012). Accounting as an instrument of Neoliberalisation? Exploring the adoption of fair value accounting in China. Accounting, Auditing & Accountability Journal, 25 (8), 1-29.