Pub Date : 2010-11-01DOI: 10.1080/09585206.2010.512717
A. Mura, C. Emmanuel
This paper aims at reviewing the early contributions made by Italian scholars to the field of transfer pricing, from the works of Francesco Villa (1840, 1853) to the birth of Economia Aziendale (in the first half of the twentieth century). Although this topic has been traditionally overlooked in the Italian accounting literature, this study shows how Italian accountants were familiar with different methods of transfer pricing and elaborated certain original solutions. The intensive, mainly theoretic discussion for attaching a value to goods exchanged amongst segments of the same company indicates an early recognition of the potential influence of organizational structure, intermediate markets, coordination and differentiation that may have laid the platform for a greater integration between financial and cost accounting. Unfortunately this genuine debate suddenly stopped: the diffusion of Zappa's theories partly explains this phenomenon.
{"title":"Transfer pricing: early Italian contributions","authors":"A. Mura, C. Emmanuel","doi":"10.1080/09585206.2010.512717","DOIUrl":"https://doi.org/10.1080/09585206.2010.512717","url":null,"abstract":"This paper aims at reviewing the early contributions made by Italian scholars to the field of transfer pricing, from the works of Francesco Villa (1840, 1853) to the birth of Economia Aziendale (in the first half of the twentieth century). Although this topic has been traditionally overlooked in the Italian accounting literature, this study shows how Italian accountants were familiar with different methods of transfer pricing and elaborated certain original solutions. The intensive, mainly theoretic discussion for attaching a value to goods exchanged amongst segments of the same company indicates an early recognition of the potential influence of organizational structure, intermediate markets, coordination and differentiation that may have laid the platform for a greater integration between financial and cost accounting. Unfortunately this genuine debate suddenly stopped: the diffusion of Zappa's theories partly explains this phenomenon.","PeriodicalId":399197,"journal":{"name":"Accounting, Business & Financial History","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124012642","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2010-11-01DOI: 10.1080/09585206.2010.512707
M. Noguchi, Eri Kanamori
Drawing on the reports of accounts submitted by the Oriental Colonization Company (Toyo Takushoku Kabushiki Kaisha) to the Ministry of Finance, this study examines the role of the current value-based balance sheet prepared by the company in the context of the east Asian colonial management it carried out on behalf of the Japanese government. The current value-based balance sheet was prepared and submitted to the Ministry of Finance in order to show the company's financial position in the best possible light. This study demonstrates that the accounting techniques initially used for colonial management in distant locations came, at a later stage, to be extended, through attaching an additional statement (the current value-based balance sheet), in a manner which attempted to influence the decision making of relevant parties in the home country, in particular, to promote the company's own interest rather than the national interest in maintaining – and if possible enhancing – colonial management, which the special company had been originally created to handle.
{"title":"The current value-based balance sheet in the context of east Asian colonial management: the case of the Oriental Colonization Company","authors":"M. Noguchi, Eri Kanamori","doi":"10.1080/09585206.2010.512707","DOIUrl":"https://doi.org/10.1080/09585206.2010.512707","url":null,"abstract":"Drawing on the reports of accounts submitted by the Oriental Colonization Company (Toyo Takushoku Kabushiki Kaisha) to the Ministry of Finance, this study examines the role of the current value-based balance sheet prepared by the company in the context of the east Asian colonial management it carried out on behalf of the Japanese government. The current value-based balance sheet was prepared and submitted to the Ministry of Finance in order to show the company's financial position in the best possible light. This study demonstrates that the accounting techniques initially used for colonial management in distant locations came, at a later stage, to be extended, through attaching an additional statement (the current value-based balance sheet), in a manner which attempted to influence the decision making of relevant parties in the home country, in particular, to promote the company's own interest rather than the national interest in maintaining – and if possible enhancing – colonial management, which the special company had been originally created to handle.","PeriodicalId":399197,"journal":{"name":"Accounting, Business & Financial History","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116682646","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2010-11-01DOI: 10.1080/09585206.2010.512716
Esbjörn Segelod, L. Carlsson
The purpose of this article, using evidence from the archives of ASEA, of contemporary publications, and of statements by eye witnesses, is to identify and describe the principal forces and actors which shaped the Swedish cost accounting system, a system moulded in a process starting in the early twentieth century and ending in 1936 with the approval of a set of recommendations for uniform principles of cost accounting. These recommendations, with the terminology and practice they specify, are still taught to students of accountancy in Sweden; they are applied in many Swedish companies, and have influenced practice also in other Nordic countries. The process of standardization was initiated by influences from the United States but was later influenced mainly by the contemporary German process of standardization. This paper questions the traditional view that the Swedish uniform principles originated in German cost accounting, and was the result of a battle between American practice (as exemplified by SKF) and German practice (as represented by ASEA). It will be shown that the Swedish uniform principles are based on ASEA's system, implemented in 1919, and that while not dissimilar to what later became known as German practice, may equally well have been derived from American practice and cost accounting debate. We shall also show that the process was driven by engineers, many of whom had worked in the United States, were involved in the efficiency movement and were proponents of scientific management.
{"title":"The emergence of uniform principles of cost accounting in Sweden 1900–36","authors":"Esbjörn Segelod, L. Carlsson","doi":"10.1080/09585206.2010.512716","DOIUrl":"https://doi.org/10.1080/09585206.2010.512716","url":null,"abstract":"The purpose of this article, using evidence from the archives of ASEA, of contemporary publications, and of statements by eye witnesses, is to identify and describe the principal forces and actors which shaped the Swedish cost accounting system, a system moulded in a process starting in the early twentieth century and ending in 1936 with the approval of a set of recommendations for uniform principles of cost accounting. These recommendations, with the terminology and practice they specify, are still taught to students of accountancy in Sweden; they are applied in many Swedish companies, and have influenced practice also in other Nordic countries. The process of standardization was initiated by influences from the United States but was later influenced mainly by the contemporary German process of standardization. This paper questions the traditional view that the Swedish uniform principles originated in German cost accounting, and was the result of a battle between American practice (as exemplified by SKF) and German practice (as represented by ASEA). It will be shown that the Swedish uniform principles are based on ASEA's system, implemented in 1919, and that while not dissimilar to what later became known as German practice, may equally well have been derived from American practice and cost accounting debate. We shall also show that the process was driven by engineers, many of whom had worked in the United States, were involved in the efficiency movement and were proponents of scientific management.","PeriodicalId":399197,"journal":{"name":"Accounting, Business & Financial History","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127637203","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2010-11-01DOI: 10.1080/09585206.2010.542089
C. Munn, A. Jamieson, J. Edwards, R. Willett, G. Lawson
Editorial T. Boyns and J. R. Edwards 1 Accounting error as a factor in business history Richard P. Brief 7 Fixed asset accounting in the shipping industry: P&O 1840–1914 Christopher J. Napier 23 Regulating British corporate financial reporting in the late nineteenth century R. H. Parker 51 Speculation A systematic view of the history of the world of accounting T. A. Lee 73 Book Reviews R. P. T. Davenport-Hines & Geoffrey Jones (eds) The End of Insularity: Essays in Comparative Business History by Howard Cox 109 John Richard Edwards A History of Financial Accounting by Tom Lee 111 Kathleen Burk Morgan Grenfell 1838–1988: The Biography of a Merchant Bank by Charles W. Munn 113 Charles Harvey & Jon Press (eds) Studies in the Business History of Bristol by Trevor Boyns 115 Stephanie Jones Trade and Shipping: Lord Inchcape, 1852–1932 by David J. Jeremy 117 Notes on contributors 121
评论T. Boyns和J. R. Edwards 1会计错误作为商业历史的一个因素理查德P. Brief 7航运业的固定资产会计:1840-1914年的P&O克里斯托弗J.纳皮尔19世纪末规范英国公司财务报告R. H.帕克51投机对会计世界历史的系统看法T. a .李73书评R. P. T.达文波特-海恩斯和杰弗里琼斯(编)孤立的终结:在比较商业历史论文霍华德考克斯109约翰理查德爱德华兹财务会计的历史由汤姆李111凯瑟琳伯克摩根格伦费尔1838年至1988年:一个商业银行的传记由查尔斯W. Munn 113查尔斯哈维和乔恩出版社(编辑)在布里斯托尔的商业历史研究特雷弗博恩斯115斯蒂芬妮琼斯贸易和航运:Lord Inchcape, 1852年至1932年由大卫J.杰里米117注释贡献者121
{"title":"Index – Volumes 1–20","authors":"C. Munn, A. Jamieson, J. Edwards, R. Willett, G. Lawson","doi":"10.1080/09585206.2010.542089","DOIUrl":"https://doi.org/10.1080/09585206.2010.542089","url":null,"abstract":"Editorial T. Boyns and J. R. Edwards 1 Accounting error as a factor in business history Richard P. Brief 7 Fixed asset accounting in the shipping industry: P&O 1840–1914 Christopher J. Napier 23 Regulating British corporate financial reporting in the late nineteenth century R. H. Parker 51 Speculation A systematic view of the history of the world of accounting T. A. Lee 73 Book Reviews R. P. T. Davenport-Hines & Geoffrey Jones (eds) The End of Insularity: Essays in Comparative Business History by Howard Cox 109 John Richard Edwards A History of Financial Accounting by Tom Lee 111 Kathleen Burk Morgan Grenfell 1838–1988: The Biography of a Merchant Bank by Charles W. Munn 113 Charles Harvey & Jon Press (eds) Studies in the Business History of Bristol by Trevor Boyns 115 Stephanie Jones Trade and Shipping: Lord Inchcape, 1852–1932 by David J. Jeremy 117 Notes on contributors 121","PeriodicalId":399197,"journal":{"name":"Accounting, Business & Financial History","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128244390","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2010-11-01DOI: 10.1080/09585206.2010.512711
Yasuhiro Shimizu, S. Fujimura
This essay examines the role of accounting records in a crisis situation; namely, the Great Kanto Earthquake of 1923. Kanematsu, a trading business, did not suffer a physical loss of assets as a result of the earthquake but, nevertheless, the amount of financial loss it suffered was not small. Kanematsu had to take countermeasures to tackle the situation created by the earthquake. By using accounting and other records of Kanematsu, the authors examine the actions taken in the midst of confusion just after the earthquake and the role played by accounting. The authors show that the sudden natural disaster and the resulting crisis was a test of orderliness of the accounting record.
{"title":"Accounting in disaster and accounting for disaster: the crisis of the Great Kanto Earthquake, Japan, 1923","authors":"Yasuhiro Shimizu, S. Fujimura","doi":"10.1080/09585206.2010.512711","DOIUrl":"https://doi.org/10.1080/09585206.2010.512711","url":null,"abstract":"This essay examines the role of accounting records in a crisis situation; namely, the Great Kanto Earthquake of 1923. Kanematsu, a trading business, did not suffer a physical loss of assets as a result of the earthquake but, nevertheless, the amount of financial loss it suffered was not small. Kanematsu had to take countermeasures to tackle the situation created by the earthquake. By using accounting and other records of Kanematsu, the authors examine the actions taken in the midst of confusion just after the earthquake and the role played by accounting. The authors show that the sudden natural disaster and the resulting crisis was a test of orderliness of the accounting record.","PeriodicalId":399197,"journal":{"name":"Accounting, Business & Financial History","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116122169","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2010-11-01DOI: 10.1080/09585206.2010.514410
P. King
The iron industry was fully industrialized by the seventeenth century. The initial ironmasters were landowners, with clerks managing their ironworks. Professional ironmasters emerged from the clerks by the 1600s. The largest iron businesses (such as that of the Foley family described here) had general managers. Loans (secured by bonds) were important for business finance, including for paying up share capital. Accounting varied between charge and discharge-oriented systems of double entry bookkeeping and those maintained according to the classic Italian method. Cost accounting was not systematically practised, but yields from raw materials were monitored and the information contained in the financial accounts contained data relevant to performance decision making. Managers were trained on the job by experienced managers.
{"title":"Management, finance and cost control in the Midlands charcoal iron industry","authors":"P. King","doi":"10.1080/09585206.2010.514410","DOIUrl":"https://doi.org/10.1080/09585206.2010.514410","url":null,"abstract":"The iron industry was fully industrialized by the seventeenth century. The initial ironmasters were landowners, with clerks managing their ironworks. Professional ironmasters emerged from the clerks by the 1600s. The largest iron businesses (such as that of the Foley family described here) had general managers. Loans (secured by bonds) were important for business finance, including for paying up share capital. Accounting varied between charge and discharge-oriented systems of double entry bookkeeping and those maintained according to the classic Italian method. Cost accounting was not systematically practised, but yields from raw materials were monitored and the information contained in the financial accounts contained data relevant to performance decision making. Managers were trained on the job by experienced managers.","PeriodicalId":399197,"journal":{"name":"Accounting, Business & Financial History","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116786340","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2010-11-01DOI: 10.1080/09585206.2010.512715
Yoshinao Matsumoto, G. Previts
The origin of the statutory audits of joint stock companies in Japan can be traced back to the Commercial Code of 1890 (CC) when audits by appointed individuals who served within the company as corporate auditors were established. These CC auditors, selected by shareholders, sought to protect the interests of existing stockholders not those of prospective public market investors. In contrast, Western style external independent auditing in Japan can be traced back to proposed but unsuccessful legislation at the beginning of the twentieth century, which subsequently came into effect in 1951 under the Securities and Exchange Law (SEL). This paper examines the circumstances and differences regarding the development of Japan's dual audit system in order to contribute to our understanding of comparative audit processes in developed economies.
{"title":"The dual audit system for joint stock companies in Japan","authors":"Yoshinao Matsumoto, G. Previts","doi":"10.1080/09585206.2010.512715","DOIUrl":"https://doi.org/10.1080/09585206.2010.512715","url":null,"abstract":"The origin of the statutory audits of joint stock companies in Japan can be traced back to the Commercial Code of 1890 (CC) when audits by appointed individuals who served within the company as corporate auditors were established. These CC auditors, selected by shareholders, sought to protect the interests of existing stockholders not those of prospective public market investors. In contrast, Western style external independent auditing in Japan can be traced back to proposed but unsuccessful legislation at the beginning of the twentieth century, which subsequently came into effect in 1951 under the Securities and Exchange Law (SEL). This paper examines the circumstances and differences regarding the development of Japan's dual audit system in order to contribute to our understanding of comparative audit processes in developed economies.","PeriodicalId":399197,"journal":{"name":"Accounting, Business & Financial History","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121125263","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2010-06-23DOI: 10.1080/09585206.2010.485745
Eeva-Mari Ihantola
Parker (2002) argued that the formalized budgetary discourse in English language textbooks in the 1990s may restrict students’ conceptions of budgeting and thereby block uninhibited budgeting change. This study concentrates on the budgetary discourse found in Finnish specialist business journals from the 1950s to the beginning of the twenty-first century. A total of 106 articles on budgeting were analysed using content analysis and then contextualized by the contemporary development of the Finnish business environment. The budgetary thought contained in the studied articles emphasizes the importance of challenge, innovation and change and the texts tried to present new ideas to readers. Matching and flexibility were held to be the cornerstones of effective budgeting.
{"title":"An historical analysis of budgetary thought in Finnish specialist business journals from c.1950 to c.2000","authors":"Eeva-Mari Ihantola","doi":"10.1080/09585206.2010.485745","DOIUrl":"https://doi.org/10.1080/09585206.2010.485745","url":null,"abstract":"Parker (2002) argued that the formalized budgetary discourse in English language textbooks in the 1990s may restrict students’ conceptions of budgeting and thereby block uninhibited budgeting change. This study concentrates on the budgetary discourse found in Finnish specialist business journals from the 1950s to the beginning of the twenty-first century. A total of 106 articles on budgeting were analysed using content analysis and then contextualized by the contemporary development of the Finnish business environment. The budgetary thought contained in the studied articles emphasizes the importance of challenge, innovation and change and the texts tried to present new ideas to readers. Matching and flexibility were held to be the cornerstones of effective budgeting.","PeriodicalId":399197,"journal":{"name":"Accounting, Business & Financial History","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128731027","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2010-06-23DOI: 10.1080/09585206.2010.485744
M. Larson, K. Ward, John F. Wilson
Industrial philanthropist Edward Akroyd created the Yorkshire Penny Savings Bank in 1859. Despite competition from the Post Office Savings Bank after 1861 and a serious reserve problem in 1911, it sustained his overall strategy to become a successful regional bank. Using archival and contemporary sources to build on recent scholarship illustrating how savings banks were integrated into local economies and the complementary roles of philanthropy and paternalism, we analyse an English regional bank's strategy, including an assessment of strategic innovation, ownership changes and management structure. This will demonstrate that the founder's vision continued, even though the 1911 crisis radically altered both strategy and structure.
{"title":"Banking from Leeds, not London: regional strategy and structure at the Yorkshire Bank, 1859–1952","authors":"M. Larson, K. Ward, John F. Wilson","doi":"10.1080/09585206.2010.485744","DOIUrl":"https://doi.org/10.1080/09585206.2010.485744","url":null,"abstract":"Industrial philanthropist Edward Akroyd created the Yorkshire Penny Savings Bank in 1859. Despite competition from the Post Office Savings Bank after 1861 and a serious reserve problem in 1911, it sustained his overall strategy to become a successful regional bank. Using archival and contemporary sources to build on recent scholarship illustrating how savings banks were integrated into local economies and the complementary roles of philanthropy and paternalism, we analyse an English regional bank's strategy, including an assessment of strategic innovation, ownership changes and management structure. This will demonstrate that the founder's vision continued, even though the 1911 crisis radically altered both strategy and structure.","PeriodicalId":399197,"journal":{"name":"Accounting, Business & Financial History","volume":"33 7-8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116471917","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2010-06-23DOI: 10.1080/09585206.2010.485751
S. Toms
The objective of The Oxford Handbook of Business History is to liberate business history research by making it accessible to researchers of other disciplines. Geoffrey Jones and Jonathan Zeitlin have accordingly edited a reference work that will be valued in Business and Management Schools, history and social science departments as well as the large and expanding community of business historians. The book is clearly structured, well written and indexed in detail, and as such constitutes a valuable reference work. To summarise all 25 chapters would be an impossible task. In brief overview, the book is structured in four parts covering, approaches and debates, forms of business organisation, functions of enterprise, and enterprise and society. In addition there is an introductory chapter by the editors. Of the 25 chapters, the most obviously relevant to readers of Accounting, Business and Financial History are chapter 19 ‘Accounting, Information, and Communication Systems’ by Trevor Boyns and chapter 14 ‘Banking and Finance’ by Michel Lescure. Only Boyns makes a genuine engagement with the accounting and accounting history literatures. His chapter, which appears in the ‘Functions of Enterprise’ section of the book, along with Lescure’s chapter and contributions on technology and innovation (Margaret Graham), design and engineering (Wolfgang König), marketing and distribution (Robert Fitzgerald) labour and human resources (Howard Gospel), corporate governance (Gary Herrigel), has much ground to cover when one considers the wide scope of historical accounting research. Beginning with an acknowledgement of the importance of accounting history for business historians, Boyns provides an overview of the circumstances influencing the development of financial accounting theory and practice, its relationship with costing and the development of costing theory and practice. Concentrating on the latter, Boyns concludes that industry-specific characteristics are the major factors explaining enduring differences in the application of techniques in the face of a trend towards convergence reflecting organisational and technological pressures in increasingly globalised businesses. In contrast, Lescure offers more economic-orientated perspective, offering a brief review of debates arising from historical research as a response to questions raised by economists. These are first the extent to which economic growth and the accumulation of financial wealth are positively correlated (they are) and second the existence and persistence of different kinds of financial systems. Contrasting national systems within Europe shows important differences in bank organisation, for example, universal versus specialised, relationship and non-relationship, profit and not for profit. Divergence is the dominant trend since 1914 and is still continuing, reflecting a strong path-dependency in the development of financial institutions. Although it is useful to highlight the value of these c
{"title":"The Oxford Handbook of Business History","authors":"S. Toms","doi":"10.1080/09585206.2010.485751","DOIUrl":"https://doi.org/10.1080/09585206.2010.485751","url":null,"abstract":"The objective of The Oxford Handbook of Business History is to liberate business history research by making it accessible to researchers of other disciplines. Geoffrey Jones and Jonathan Zeitlin have accordingly edited a reference work that will be valued in Business and Management Schools, history and social science departments as well as the large and expanding community of business historians. The book is clearly structured, well written and indexed in detail, and as such constitutes a valuable reference work. To summarise all 25 chapters would be an impossible task. In brief overview, the book is structured in four parts covering, approaches and debates, forms of business organisation, functions of enterprise, and enterprise and society. In addition there is an introductory chapter by the editors. Of the 25 chapters, the most obviously relevant to readers of Accounting, Business and Financial History are chapter 19 ‘Accounting, Information, and Communication Systems’ by Trevor Boyns and chapter 14 ‘Banking and Finance’ by Michel Lescure. Only Boyns makes a genuine engagement with the accounting and accounting history literatures. His chapter, which appears in the ‘Functions of Enterprise’ section of the book, along with Lescure’s chapter and contributions on technology and innovation (Margaret Graham), design and engineering (Wolfgang König), marketing and distribution (Robert Fitzgerald) labour and human resources (Howard Gospel), corporate governance (Gary Herrigel), has much ground to cover when one considers the wide scope of historical accounting research. Beginning with an acknowledgement of the importance of accounting history for business historians, Boyns provides an overview of the circumstances influencing the development of financial accounting theory and practice, its relationship with costing and the development of costing theory and practice. Concentrating on the latter, Boyns concludes that industry-specific characteristics are the major factors explaining enduring differences in the application of techniques in the face of a trend towards convergence reflecting organisational and technological pressures in increasingly globalised businesses. In contrast, Lescure offers more economic-orientated perspective, offering a brief review of debates arising from historical research as a response to questions raised by economists. These are first the extent to which economic growth and the accumulation of financial wealth are positively correlated (they are) and second the existence and persistence of different kinds of financial systems. Contrasting national systems within Europe shows important differences in bank organisation, for example, universal versus specialised, relationship and non-relationship, profit and not for profit. Divergence is the dominant trend since 1914 and is still continuing, reflecting a strong path-dependency in the development of financial institutions. Although it is useful to highlight the value of these c","PeriodicalId":399197,"journal":{"name":"Accounting, Business & Financial History","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126087767","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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