The ERA: A Brave New World of Accountability for Australian University Accounting Schools

Abstract

This study examines the potential impact of Excellence in Research for Australia (ERA) on Australian university accounting schools through a series of in‐depth interviews with Heads of Schools. Using an institutional theory framework we find that the pending introduction of the ERA has brought about changes in school structures, processes and systems. A creeping isomorphism is apparent as evidenced by a sector‐wide movement towards targeting publications in highly ranked North American journals. While participants were generally positive about the overall aims of the ERA many felt that it would marginalise non‐mainstream research. Furthermore, they were of the opinion that the ERA would lead to a reduction in the standing of accounting schools within Australian universities relative to other disciplines.