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The Centre produces research that is of interest to leading accounting and management periodicals. Our work would not be possible without the help of the advisory board, the Ivey Business School faculty, and a number of students and other staff.
Friedland, R.; Arjalies, D-L. 2021, "Putting Things in Place – Institutional Objects and Institutional Logics", Research in the Sociology of Organizations, January 71: 45 - 86.
Abstract: This paper explores the role of institutional objects in the constitution of institutional logics. Institutional objects depend for their objectivity on the goods produced through those objects, such as economic models, passports or sacred texts. We theorize institutional logics as grammars of valuation that institutionalize goods through institutional objects. We identify four value moments through which goods are objectified: institution, the instituting of a good, a belief and an imagination of its objective goodness; production, how the good is produced, what practices are productive of the good; evaluation, how good is the good, the practices and objects through which worth in terms of that good is determined, and territorialization, the domain of reference of the good, to what objects and practices a good can and does refer in its instantiations. We assess the adequacy of our model through an institutional object based on the good of “market value” - i.e. an options pricing model. We discuss the implications of these findings for institutional logical theory and the sociology of valuation.
Van der Stede, W. A.; Wu, A.; Wu, S. 2020, "An Empirical Analysis of Employee Responses to Bonuses and Penalties", The Accounting Review, November 95(6): 395 - 412.
Abstract: We examine how employees respond to bonuses and penalties using a proprietary data set from an electronic chip manufacturer in China. First, we examine the relative effects of bonuses and penalties and observe a stronger effect on subsequent effort and performance for penalties than for bonuses. Second, we find that the marginal sensitivity of penalties diminishes faster than that of bonuses, indicating that the marginal effect of a bonus may eventually exceed that of a penalty as their value increases. Third, we find an undesirable selection effect of penalties: penalties increase employee turnover especially for skillful and high-quality workers. These results may help inform our understanding of the observed limited use of penalties in practice due to their bounded effectiveness and possible unintended consequences.
Arjalies, D-L. (Forthcoming), "What trees taught me about Covid-19: On relational accounting and other magic", Accounting, Auditing and Accountability Journal.
Abstract: While the world was on lock down, human beings started craving for green spaces. As they walked amidst the trees, trees began to talk to them. The surprising truth then emerged: There were actually secrets to be shared by the forest. This essay reflects on the teachings offered by nature(s) during the pandemic. Based on a personal encounter with a river, it caresses the relationships that have connected humans to non-humans over time and that have led to make this confinement both a unique and universal experience. It suggests embracing relational accounting, the expression of our relationships with each other and our ecosystems, as a way to collectively celebrate life and mourn death, thus honoring the generations that came before us and welcoming those who will we come after us. In doing so, the essay hopes to contribute to the field of accounting by offering an instantiation of what a poetic and Indigenous account of our world could look like.