Further they distinguished between technical and political issues typically

Further they distinguished between technical and

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Further, they distinguished between ‘technical’ and ‘political’ issues, typically resulting in ‘low’ and ‘high’ politics of regulation. This difference is crucial in determining which party controls the regulatory process (Hancher and Moran 1989, .p 293). The characteristics of the construct are summarised in Figure 2.4. 12 Examples of applications of regulatory capture in an accounting setting context include Walker (1987), Mitchell at al. (1994), Roberts and Kurtenbach (1998) or Cortese and Irvine (2010). As these studies focus on the standard setting process, rather than agenda setting, they are outside the scope of this literature review.
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34 In this thesis, regulatory space is classified as an actor-centred framework, as it focuses on power plays by organisational actors. It includes a consideration of institutional elements and considers the classical elements of agency versus structure that result in a more complete consideration of changes in regulatory public policy. However, regulatory space neglects the characteristics, role and motivation of individual players. For example, it does not identify the influences on the behaviour of its actors nor does it further delineate the boundaries of their actions. In addition, it does not explain how specific problems emerge, are created or how they make their way onto an agenda. The theory is particularly suited to situations where different organisational actors compete for regulatory power, such as during times of restructuring or when new items appear in the public space. It does, however, not specifically consider the emergence of or other reasons for policy change. Regulatory space is, therefore, not used in this study. Figure 2.4: Summary ‘Regulatory Space’ Scope of framework, theory or model Power play of actors in regulatory environment as function of time and place Epistemological perspective Not explicitly defined, portraying elements of structuralism and social constructionism Cause of change External o Ambiguity in/empty ‘regulatory space’ o Situation of crisis Regulation is costly, organisation that controls resources will dominate regulatory space Type of change (incremental or radical) Not specified Change progression Non-linear (due to implicit interdependence between organisations) Perspective on institutions Consideration of various institutional elements, (national peculiarity, historical timing, organizational structure and interdependence)
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35 Motivations of actors Power (considered on collective/organisational level) Level of agency of actors Assumed ability to influence, but not considered further Relationship between agency and structure/institutions Prevalence of structure, informal links and the institutionalisation of such links Are underlying theoretical assumptions compatible with epistemological outlook?
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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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