کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1001418 1481708 2015 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Silencing the noise: Asbestos liabilities, accounting and strategic bankruptcy
ترجمه فارسی عنوان
خاموش کردن سر و صدا: بدهی آزبست، حسابداری و ورشکستگی استراتژیک
کلمات کلیدی
صنایع محدود شده جیمز هاردی ؛ ورشکستگی استراتژیک؛ مسئوليت؛ اجتماعی
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
چکیده انگلیسی


• Asbestos-related long-tail liabilities present financial risks for corporations.
• Corporate attempts to avoid financial liability are not new.
• James Hardie Industries engaged in a ‘strategic bankruptcy’.
• Accounting presents opportunities to strategically create a ‘bottom line’.

The legacy of the global exploitation of asbestos provides an illustrative case to examine corporate strategy in response to the significant financial risk presented by the long-tail liability. The James Hardie group was the dominant asbestos manufacturing concern in Australia and, confronted with the uncertainties of burgeoning long-tail tort claims, embarked on a radical corporate reorganization. At the centre of the reorganization was the creation of a business unit of limited potential to separate asbestos long-tail liabilities from the profitable operations of the corporate group and locate the risk in an alternate legal arena. The strategic recognition of accounting assets and liabilities to construct a ‘bottom line’ and shift organizational boundaries is explored using Delaney's theory of strategic bankruptcy. This interdisciplinary and critical sociological lens highlights the power of organizations to exploit the malleability of accounting concepts to pursue their strategic goals.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Critical Perspectives on Accounting - Volume 27, March 2015, Pages 118–128
نویسندگان
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