Privatization of Accounting Standard-Setting

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


The financial information about a financial entity is asymmetrically distributed among those who contract with it. Whether the entity is a publicly traded corporation or a nonprofit state hospital, those parties of the inner circle of the entity, for example the entity’s management, possess information about the financial stability of the entity and its available resources, whereas those of the outside circle, who in many cases finance the entity or cohesively depend on its services, for example the entity’s patients/customers and workers/suppliers, lack information about its commitments, available resources or the use thereof.

Original languageEnglish
Title of host publicationThe Cambridge Handbook of Privatization
PublisherCambridge University Press
Number of pages16
ISBN (Electronic)9781108684330
ISBN (Print)9781108497145
StatePublished - 1 Jan 2021


  • accounting standard-setting
  • professionalism
  • public accounting


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