Its suitability for this thesis hinges mainly on two issues First Lukes focus

Its suitability for this thesis hinges mainly on two

This preview shows page 61 - 64 out of 354 pages.

Its suitability for this thesis hinges mainly on two issues. First, Lukes focus is on non-decision making, whereas GAAP/GFS harmonisation was the result of a decision. Second, Lukes’ model is most suitable to investigate ‘hidden’ power relationships with respect to the powerless. In an accounting context, this could mean parties that are excluded from the decision making process or issues that do not enter the agenda. GAAP/GFS harmonisation, however, was an alternative that was actioned upon and the FRC, the focus of the investigation, was the party responsible body for providing the strategic direction for the project. As a consequence, the model has not been chosen to explain the events in this thesis. The characteristics of Lukes’ model are summarised in Figure 2.6. Figure 2.6: Summary ‘Three Dimensions of Power’ Epistemological/theoretical perspective Not specified; identifies, however, its position in the structure agency debate
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48 Cause of change Focus on continuity, why change does not occur: (unobservable) exclusion from decision-making and even decision-identification Type of change (incremental or radical) Not applicable, focus on continuity Event progression Not applicable, focus on continuity Perspective on institutions 16 Linking structure and agency: Agency is tied within and upon structures The more actors can influence structures the more powerful they are (Hayward and Lukes 2008, p. 12) Agents have to critically reflect on existing structure and assume responsibility for their actions despite structures Motivations of actors Not considered Level of agency of actors High level of agency, especially in powerful agents (source of power is located within actors; however, limitation of agency by existing structures is recognised Relationship between agency and structure/institutions Focus on agency, recognises the role of structures as limiting agency. Are underlying theoretical assumptions compatible with epistemological outlook? Yes Suited for qualitative case study research? Yes 2.4.2 Studies using three dimensions of power Weetman (2001) used Lukes’ (1974) three dimensions of power approach to examine the lobbying activity during the development of FRS 3 Reporting of Financial Performance by the UK Accounting Standards Board (ASB). The study considered the time between the publication of the exposure draft (FRED 1) and the resulting accounting standard, FRS 3. Only the arguments that relate to agenda formulation are reviewed here. 16 Rather than talking about ‘institutions’, Lukes speaks of social ‘structures’, which include constraints, opportunities, roles, norms (Hayward and Lukes 2008, p. 12) in the tradition of Durkheim (1952, 1982).
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49 The study argued that the ASB influenced which items were dealt with by controlling agenda entrance by non-action. For example, the discussion paper was sent by the ASB only to selected organisations. The analysis of written responses to FRED 1 showed that the ASB only addressed four of eleven issues identified in the response letters. In
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  • Fall '13
  • Government, The Land, International Financial Reporting Standards, Financial Accounting Standards Board, Australian Accounting Standards Board, Snow

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