Accounting in corporate governance of a Commercial Bank in Sri Lanka: A multi-theoretical perspective
Loading...
Date
2013
Authors
Ekanayake, A.
Journal Title
Journal ISSN
Volume Title
Publisher
University of Peradeniya, Sri Lanka
Abstract
Using a multi-theoretical perspective, this study aims to investigate the ways in which accounting facilitates corporate governance in the banking industry in Sri Lanka. Despite the interdependence nature of accounting and corporate governance, scant attention has been paid to investigate this relationship systematically and empirically. Following qualitative research methodology, the study adopts the case study research method to achieve the aim of the study. More specifically, it chooses a bank that has emerged as an exemplar of good corporate governance in the banking industry in Sri Lanka, and examines the extent to which accounting contributed such practices in that particular bank. By doing so, it further analyses how the contextual factors assist as well as obstruct the accounting's role in corporate governance in an attempt to answering why the actual role of contingency theory as the effectiveness of accounting seems to depend on various contextual factors in the case organization. Also, the study finds evidence to suggest that a stakeholder view of corporate governance is more appropriate for examining the corporate governance of banks, and accounting can play an important role in this regard.
Description
Keywords
Accounting , Corporate governance , Banks , Multi-theoretical perspective
Citation
Modern Sri Lanka Studies, 2013, IV(2), P 123-159