Abstract
This paper reviews recent advances from the institutional economics and accounting literatures to help build a nascent framework for ‘new institutional accounting’ (NIA) research. The framework has five basic elements: (i) institutional structure (formal versus informal); (ii) level of analysis (macro institutions versus micro organizations); (iii) causation (exogenous versus endogenous institutions); (iv) interdependencies (complementarities), and (v) efficient versus inefficient outcomes. I apply the framework to help provide insights into the determinants and outcomes of accounting institutions (including IFRS) and non-accounting institutions observed around the world. I conclude with a discussion of opportunities and directions for future research on ‘new institutional accounting’.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
