Action Research of Shadow Accounting to Typology of Compliance with Capital Market Companies Social Values

Document Type : Research Paper

Authors

1 Department of Accounting, Shahrood Branch, Islamic Azad University, Shahrood, Iran.

2 Assistant Professor, Department of Accounting, Shahrood Branch, Islamic Azad University, Shahrood, Iran. Corresponding Author

3 Assistant Professor, Department of Accounting, Shahrood Branch, Islamic Azad University, Shahrood, Iran.

4 Associate Professor, Department of Accounting, Shahrood Branch, Islamic Azad University, Shahrood, Iran

10.22051/jaasci.2023.44653.1794

Abstract

Objective: Shadow accounting, as a parallel process with classical accounting procedures, is trying to reflect a higher level of discretionary functions of companies to give a new identity to social values. Therefore, this emerging function in accounting is a kind of normative compliance of the expected values of the stakeholders in receiving broader aspects of the performance information of the companies.
Methods: The purpose of this research is an action research of shadow accounting to functional typology of compliance with capital market companies' social values. In terms of methodology, this study has used Colaizzi's model (1978) to implement action research steps. Therefore, based on this model, first, through interviews with experts and open coding, an effort was made to identify n Effective drivers for the implementation of shadow accounting in capital market companies. Then, through the Q evaluation checklist, each statement was scored between +5 and -5, and finally, a 4-level matrix was created to create a foundation of effective drivers in the implementation of shadow accounting.
Results: The results in the qualitative section, based on 12 interviews conducted, indicated the existence of 289 open codes, based on which 26 areas related to the implementation of shadow accounting were identified. On the other hand, it was determined in the quantitative section, that the 26 identified criteria were separated into 4 categories creating the shadow accounting typology framework of capital market companies.
Conclusion: The results show that the functional development of shadow accounting in the context of capital market companies creates the opportunity for companies to gain higher trust by more widely disclosing the company's functional processes in terms of respecting the rights of shareholders; environmental rights; Judicial rights and human resources rights get information from users.

Keywords

Main Subjects

References

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History

  • Receive Date: 12 August 2023
  • Revise Date: 06 December 2023
  • Accept Date: 07 December 2023

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