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dc.contributor.authorPucci, Richard
dc.contributor.authorSkærbæk, Peter
dc.date.accessioned2020-03-13T12:23:25Z
dc.date.available2020-03-13T12:23:25Z
dc.date.created2020-01-21T13:04:53Z
dc.date.issued2019
dc.identifier.citationAccounting, Organizations and Society. 2020, 81,nb_NO
dc.identifier.issn0361-3682
dc.identifier.urihttp://hdl.handle.net/11250/2646739
dc.description.abstractThis paper adds to the literature on the role of financial economics in accounting standard-setting by analyzing the co-performation of an economic theory – the Efficient Market Hypothesis (EMH) – in the construction of a new approach to accounting for credit losses in financial reporting. Inspired by actor-network theory and its notions of performativity and translation, the paper draws on interview data and documents to reconstruct the process by which the devalued “incurred loss” impairment model was replaced with a more forward-looking “expected loss” approach under IFRS in response to the 2008 financial crisis. These actions comprised of a series of experiments and negotiations, including an unsuccessful effort to establish an “ideal”-type model and the failure of a joint initiative between the IASB and the FASB. Alongside extensive considerations over how to make the approach operational, the influence of the EMH regarding the relationship between loan pricing and initial expectations of credit losses is elucidated. We show how a standard-setting objective grounded in financial economics is translated through a process of approximation as it forges linkages with other matters of concern. This process sheds light on the transformations involved in finding tolerable solutions when utilizing financial economics in the setting of accounting standards.nb_NO
dc.language.isoengnb_NO
dc.publisherElseviernb_NO
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/deed.no*
dc.titleThe co-performation of financial economics in accounting standard-setting: A study of the translation of the expected credit loss model in IFRS 9nb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionacceptedVersionnb_NO
dc.source.pagenumber22nb_NO
dc.source.volume81nb_NO
dc.source.journalAccounting, Organizations and Societynb_NO
dc.identifier.doi10.1016/j.aos.2019.101076
dc.identifier.cristin1779165
dc.description.localcode© 2020. This is the authors’ accepted and refereed manuscript to the article. Locked until 9 December 2021 due to copyright restrictions. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/nb_NO
cristin.unitcode194,60,10,0
cristin.unitnameNTNU Handelshøyskolen
cristin.ispublishedtrue
cristin.fulltextpostprint
cristin.qualitycode2


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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
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