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Negative tone in lobbying the International Accounting Standards Board

Clacher, I.; Shields, K.; Zhang, Q.

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Authors

I. Clacher

K. Shields

Q. Zhang



Abstract

With the aid of computerized sentiment analysis, this paper analyzes the role of constituents' comment letters in the process of setting international financial reporting standards for financial instruments. Whilst explicit agreement in comment letters is associated with the board's decision to proceed with its proposed course of action, we find no consistent evidence that explicitly stated disagreement has an impact on the resulting accounting standard. Using context-specific dictionaries, we find that increased levels of negative tone in comment letters increase the probability of the board subsequently abandoning a proposed course of action. Capturing dissent through negative tone facilitates large-scale analysis, and we show that the financial industry has been less successful than other constituents in its lobbying efforts through comment letters.

Citation

Clacher, I., Shields, K., & Zhang, Q. (2019). Negative tone in lobbying the International Accounting Standards Board. The International Journal of Accounting, 54(3), Article 1950011. https://doi.org/10.1142/s1094406019500100

Journal Article Type Article
Acceptance Date Apr 18, 2019
Online Publication Date Sep 17, 2019
Publication Date 2019
Deposit Date Jun 12, 2019
Publicly Available Date Sep 17, 2020
Journal The international journal of accounting.
Print ISSN 1094-4060
Electronic ISSN 2213-3933
Publisher World Scientific Publishing
Peer Reviewed Peer Reviewed
Volume 54
Issue 3
Article Number 1950011
DOI https://doi.org/10.1142/s1094406019500100
Public URL https://durham-repository.worktribe.com/output/1299600

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Copyright Statement
Electronic version of an article published as Clacher, I., Shields, K. & Zhang,Q. (2019). Negative tone in lobbying the international accounting standards board. The International Journal of Accounting 54(3): 1950011, 10.1142/S1094406019500100. © Copyright World Scientific Publishing Company https://www.worldscientific.com/worldscinet/tija




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