This paper explores the similarities in legal and accounting theory
with reference to their foundations in neoclassical economics. Neoclassical
legal theorists argue that governmental interference in employment
should be minimized and that individual contractual arrangements
are a superior means of resolving organizational conflict. Similarly,
agency-based accounting researchers argue that the demand for accounting
reports derives from, and should be based on, the equilibrium set
of “free� market-determined contracts. Both critical legal theorists
and radical accountants contend that the “market� concept and its
theoretical derivatives are ideological constructs which obscure
the biases of power inherent in economic organizations. When applied
to organizational structure, critical theory and radical accounting
mutually enrich the insights of the respective disciplines.
%0 Journal Article
%1 Hunt:1990:aos
%A Hunt, III, Herbert G.
%A Hogler, Raymond L.
%D 1990
%J Accounting, Organizations and Society
%K imported thesis
%N 5
%P 437--454
%R 10.1016/0361-3682(90)90027-R
%T Agency theory as ideology: A comparative analysis based on critical
legal theory and radical accounting
%V 15
%X This paper explores the similarities in legal and accounting theory
with reference to their foundations in neoclassical economics. Neoclassical
legal theorists argue that governmental interference in employment
should be minimized and that individual contractual arrangements
are a superior means of resolving organizational conflict. Similarly,
agency-based accounting researchers argue that the demand for accounting
reports derives from, and should be based on, the equilibrium set
of “free� market-determined contracts. Both critical legal theorists
and radical accountants contend that the “market� concept and its
theoretical derivatives are ideological constructs which obscure
the biases of power inherent in economic organizations. When applied
to organizational structure, critical theory and radical accounting
mutually enrich the insights of the respective disciplines.
@article{Hunt:1990:aos,
abstract = {This paper explores the similarities in legal and accounting theory
with reference to their foundations in neoclassical economics. Neoclassical
legal theorists argue that governmental interference in employment
should be minimized and that individual contractual arrangements
are a superior means of resolving organizational conflict. Similarly,
agency-based accounting researchers argue that the demand for accounting
reports derives from, and should be based on, the equilibrium set
of “free� market-determined contracts. Both critical legal theorists
and radical accountants contend that the “market� concept and its
theoretical derivatives are ideological constructs which obscure
the biases of power inherent in economic organizations. When applied
to organizational structure, critical theory and radical accounting
mutually enrich the insights of the respective disciplines.},
added-at = {2017-03-16T11:50:55.000+0100},
author = {{Hunt, III}, Herbert G. and Hogler, Raymond L.},
biburl = {https://www.bibsonomy.org/bibtex/221c9354dd0cac603631fbf1b3f6da7f1/krevelen},
doi = {10.1016/0361-3682(90)90027-R},
interhash = {01d8588e5933f0bcd8dcc6dd13dce83a},
intrahash = {21c9354dd0cac603631fbf1b3f6da7f1},
issn = {0361-3682},
journal = {Accounting, Organizations and Society},
keywords = {imported thesis},
number = 5,
owner = {Rick},
pages = {437--454},
timestamp = {2017-03-16T11:54:14.000+0100},
title = {Agency theory as ideology: A comparative analysis based on critical
legal theory and radical accounting},
volume = 15,
year = 1990
}