کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1000860 1481713 2012 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Accounting for power and control: The Anglo-Iranian oil nationalisation of 1951
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
Accounting for power and control: The Anglo-Iranian oil nationalisation of 1951
چکیده انگلیسی

The paper uses accounting and stock market data to evaluate the power of protagonists in a political crisis and their respective ability to assert control over disputed assets. It employs a case study of the expropriation of the assets of the AIOC by the Iranian government in 1951. An event study and accounting data analysis show that the stock market reaction to the nationalisation strongly predicted the ability of the company to recover its assets implying a significant market value associated with political support. They also show that the company was able to use the publication of its annual report to reassure shareholders and that due to the assumed presence of political support this signal was received as credible.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Critical Perspectives on Accounting - Volume 23, Issues 7–8, December 2012, Pages 595–607
نویسندگان
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