Such reflection could also provide some context for the identification of

Such reflection could also provide some context for

This preview shows page 89 - 92 out of 354 pages.

Such reflection could also provide some context for the identification of policy communities and explain how PEs are shaped or limited by existing insititutional structures or how they can change them. Lastly, considerations of institutional aspects could also help to explain why an ‘idea’s time has come’. In summary, there is some criticism to MS. These criticisms include a mixed and unclear methodological perspective and a lack of institutional consideration. They could be addressed by supplementation with a second theoretical concept to include institutional factors and by clarifying the role of ideas and the actions and motivations of policy entrepreneurs. In addition, the original assumed political setting at a governmental level might have to be modified to fit the accounting agenda setting environment.
Image of page 89
76 On the other hand, MS provides a holistic theoretical structure with a specific focus on agenda setting. It identifies and distinguishes the most important elements of a public policy agenda setting process and provides sufficient theoretical assumptions for explanation, rather than description of agenda setting processes. It is also suitable for single case study research. Hence, despite the criticisms, MS is a suitable theoretical construct to explore and explain the GAAP/GFS harmonisation agenda setting process. The characteristics of MS are summarised in Figure 3.6. Figure 3.6: Summary ‘Multiple Streams Framework’ Epistemological perspective Eclectic (rational choice assumptions, historic considerations, as well as social construction assumptions) Cause of change Predominantly external factors Type of change (incremental or radical) Not considered explicitly, but tendency to explain incremental change Change progression Non-linear Perspective on institutions Unstable Autonomous Facilitate action Not further identified Perspective on actors Boundedly rational choice Unclear preferences Level of agency of actors Medium to high: structures not only limiting, but also enabling; specifically allows for reflection and learning effects of actors however, rationalist assumptions made about motivation of actors Relationship between agency and structure/institutions Structural prevalence but with room for individualistic strategic behaviour (Capano 2009, p. 20) Are underlying theoretical assumptions compatible with epistemological outlook? Yes Suited for qualitative case study research? Yes
Image of page 90
77 3.5.3 Studies using the multiple streams framework or its predecessors Three studies have applied MS in an accounting standard agenda setting context. Mezias and Scarsel letta’s (1994) study was concerned with the FASB agenda setting process from 1978 to 1988. It used the concept of organised anarchies, which is a ‘predecessor’ of MS. Organised anarchies are characterised by problematic preferences, unclear technology and fluid participation. To decipher the processes of organised anarchies, Cohen, Olson and March (Cohen et al. 1972) developed their garbage can model on which Kingdon based the development of MS.
Image of page 91
Image of page 92

You've reached the end of your free preview.

Want to read all 354 pages?

  • Fall '13
  • Government, The Land, International Financial Reporting Standards, Financial Accounting Standards Board, Australian Accounting Standards Board, Snow

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors