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Does stewardship still have a role?

Miller, A.; Oldroyd, D.

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Authors

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Tony Miller anthony.miller@durham.ac.uk
Assistant Professor

D. Oldroyd



Abstract

The paper analyzes the decision of the FASB and IASB not to treat the motivational and control aspects of stewardship as a separate and distinct reporting objective to that of facilitating investment decisions. It does so first by considering the demand for information to control agents, and second by assessing the capacity of decision-useful information to replicate stewardship effects. The paper finds an essence to accounting based on the legal protection of property rights, encompassing stewardship, which has remained constant since earliest times. The decision taken by the boards on stewardship also appears disconnected from changes in the capital markets, as well as the writings on reporting objectives that preceded it.

Citation

Miller, A., & Oldroyd, D. (2018). Does stewardship still have a role?. The Accounting historians journal, 45(1), 69-82. https://doi.org/10.2308/aahj-10585

Journal Article Type Article
Acceptance Date Mar 8, 2018
Online Publication Date Jun 22, 2018
Publication Date Jun 22, 2018
Deposit Date Mar 12, 2018
Publicly Available Date Mar 29, 2024
Journal The Accounting historians journal.
Print ISSN 0148-4184
Publisher Academy of Accounting Historians
Peer Reviewed Peer Reviewed
Volume 45
Issue 1
Pages 69-82
DOI https://doi.org/10.2308/aahj-10585
Public URL https://durham-repository.worktribe.com/output/1365240

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