chapter  14
24 Pages


WithAlan J. Richardson, Eksa Kilfoyle

This chapter examines the interplay between general theories of regulation and histories of accounting regulation. We define regulation as the set of institutions, or ‘rules of the game’, that constrain and enable the practice of accounting. We identify five theoretical frames (public interest theory, regulatory capture theory, corporatist theory, negotiated order theories and cultural theories) and explore how these theories inform interpretations of the introduction, consequences, persistence and disappearance of regulation. These theories include teleological, evolutionary and naturalistic perspectives.