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Corporate governance crisis down under: Post-Enron accounting education and research inertia

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  • Lee Parker

Abstract

Australian and New Zealand accounting academic responses to corporate governance and reporting failures is a story not simply told in the context of high profile international corporate failures such as Enron and WorldCom. This study notes a sequence of major Australian corporate failures that predate Enron and WorldCom. Through research into professional, business and research literature, profession and governmental/regulatory websites, and interviews with senior accounting academics across Australia and New Zealand, it also highlights a tale of limited response by Australian and New Zealand accounting academics and investigates the manifest and latent drivers of this inertia. The corporatisation and commercialisation of universities and related governance processes emerge as root causes of accounting academics' general failure to address recent major breakdowns in corporate governance and reporting in the business world. The paper closes by reviewing opportunities for change in an otherwise embattled environment.

Suggested Citation

  • Lee Parker, 2005. "Corporate governance crisis down under: Post-Enron accounting education and research inertia," European Accounting Review, Taylor & Francis Journals, vol. 14(2), pages 383-394.
    • Handle: RePEc:taf:euract:v:14:y:2005:i:2:p:383-394
    DOI: 10.1080/09638180500126876
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    Cited by:

    1. Key, Kimberly & Healy, Margaret & Mulligan, Emer, 2022. "Closing the cultural intelligence skills gap in accounting students: An action research approach to cross-cultural teamwork," The British Accounting Review, Elsevier, vol. 54(3).
    2. Donna Mangion, 2006. "Undergraduate education in social and environmental accounting in Australian universities," Accounting Education, Taylor & Francis Journals, vol. 15(3), pages 335-348.
    3. Maliheh Mansouri & Julie Rowney, 2014. "The Dilemma of Accountability for Professionals: A Challenge for Mainstream Management Theories," Journal of Business Ethics, Springer, vol. 123(1), pages 45-56, August.
    4. Grisard, Claudine, 2023. "Time, workload model and the entrepreneurial construction of the neoliberal academic," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 96(C).
    5. Aila VIRTANEN & Tuomo TAKALA, 2016. "Accountability Of Corporate Boards In Finland," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 8(1), pages 5-24, March.
    6. Andrzej Piosik & Marzena Strojek-Filus & Aleksandra Sulik-Górecka & Aleksandra Szewieczek, 2019. "Gender and Age as Determinants of Job Satisfaction in the Accounting Profession: Evidence from Poland," Sustainability, MDPI, vol. 11(11), pages 1-24, May.
    7. Timothy Fogarty & Garen Markarian & Antonio Parbonetti, 2006. "It's a Small World After All: The Convergence of Disclosure Practices Across Legal Regimes over Time," "Marco Fanno" Working Papers 0014, Dipartimento di Scienze Economiche "Marco Fanno".
    8. Jim-Yuh Huang & Kao-Yi Shen & Joseph C.P. Shieh & Gwo-Hshiung Tzeng, 2019. "Strengthen Financial Holding Companies’ Business Sustainability by Using a Hybrid Corporate Governance Evaluation Model," Sustainability, MDPI, vol. 11(3), pages 1-27, January.
    9. Niamh M. Brennan & Jill Solomon, 2008. "Corporate governance, accountability and mechanisms of accountability: an overview," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 21(7), pages 885-906, September.
    10. Weetman, Pauline, 2006. "Discovering the ‘international’ in accounting and finance," The British Accounting Review, Elsevier, vol. 38(4), pages 351-370.
    11. Nagy, Judy & Robb, Alan, 2008. "Can universities be good corporate citizens?," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 19(8), pages 1414-1430.
    12. Marisa Agostini & Giovanni Favero, 2012. "Accounting fraud, business failure and creative auditing: A micro-analysis of the strange case of Sunbeam Corp," Working Papers 12, Venice School of Management - Department of Management, Università Ca' Foscari Venezia, revised Mar 2013.
    13. Aleksandra Pop‐Vasileva & Kevin Baird & Bill Blair, 2011. "University corporatisation," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 24(4), pages 408-439, May.
    14. Azimi, Mohammad Naim, 2015. "Impact of Organization Internal Factors on Ethical Intensity of Accountants in Afghanistan," MPRA Paper 69532, University Library of Munich, Germany, revised 10 Aug 2015.
    15. Parker, Lee D., 2012. "Qualitative management accounting research: Assessing deliverables and relevance," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 23(1), pages 54-70.
    16. P. Everaert & N. Arthur, 2012. "Constructed-response versus multiple choice: the impact on performance in combination with gender," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 12/777, Ghent University, Faculty of Economics and Business Administration.
    17. Alan Robb, 2007. "A Commentary on 'Professionalizing Claims and the State of UK Professional Accounting Education: Some Evidence'," Accounting Education, Taylor & Francis Journals, vol. 16(1), pages 47-49.
    18. Sara Moggi & Gina Rossi & Chiara Leardini, 2019. "How to be accountable to local stakeholders: A lesson from savings banks," CONTABILIT? E CULTURA AZIENDALE, FrancoAngeli Editore, vol. 0(2), pages 35-67.
    19. Lee D. Parker, 2007. "Professionalisation and UK Accounting Education: Academic and Professional Complicity - A Commentary on 'Professionalizing Claims and the State of UK Professional Accounting Education: Some Evidence'," Accounting Education, Taylor & Francis Journals, vol. 16(1), pages 43-46.
    20. Felix Kwame Aveh & Dadson Awunyo-Vitor & Richard Owusu-Afriyie, 2016. "Code of Ethics compliance by accountants in Ghana," African Journal of Accounting, Auditing and Finance, Inderscience Enterprises Ltd, vol. 5(2), pages 135-154.
    21. P. Fahad & P. Mubarak Rahman, 2020. "Impact of corporate governance on CSR disclosure," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 17(2), pages 155-167, September.
    22. Neal Arthur & Patricia Everaert, 2012. "Gender and Performance in Accounting Examinations: Exploring the Impact of Examination Format," Accounting Education, Taylor & Francis Journals, vol. 21(5), pages 471-487, October.
    23. Gebreiter, Florian, 2022. "A profession in peril? University corporatization, performance measurement and the sustainability of accounting academia," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 87(C).

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