All Offshore - The Sprat, The Mackerel, Accounting Firms and the State in Globalization

Globalization has created opportunities for major businesses to roam the world and shop for regulation conductive to their interests. Major auditing firms are no exception and have used offshore financial centres to dilute their liability. This chapter provides a case study to show that major firms used their political and financial resources to craft Limited Liability Partnership law in Jersey. This was done at a time when the UK government was reluctant to grant further liability concessions to auditors. The firms subsequently used the Jersey scenario to exert pressure upon the UK government and secure liability concessions

The Tax Avoidance Industry: Accountancy Firms on the Make

The focus of the paper is upon the financial sector and, more specifically the involvement of global accountancy firms in devising and selling tax avoidance schemes euphemistically marketed as `tax planning?. Commenting upon some of the ?entrepreneurial? activities of these firms, Perrow (2010) observes that ?they knew what they were doing was fraudulent? (ibid: 314) as he notes that Greenwood and Suddaby?s (2006) widely referenced study excludes consideration of how partners in these firms were complicit in embracing the `alternative logics pressed upon them by their large corporate clients? (ibid: 314). An example is so-called ?alternative logics? is the construction and promotion of elaborate tax avoidance schemes by big accounting firms (Sikka and Hampton, 2005) which, we show, has become so deeply normalized within the Big Firms as to cast doubt upon their `alternative? status

Labour process theory and critical management studies

Labour Process Theory (LPT) is conventionally and rightly listed as one of the analytical resources for Critical Management Studies (CMS). Yet, the relationships between the two have been, in the words of a classic of the former, a contested terrain. This is hardly surprising. Even if we set aside the inevitable multiplicity of perspectives, there is a tension in potential objects of analysis. Before CMS burst on to the scene, LPT was being criticised at its peak of influence in the 1980s for paying too much attention to management and too little to capital(ism) and labour. This was sometimes attributed to the location of many of the protagonists (in the UK at least) in business schools, but was, more likely a reflection of wider theoretical and ideological divides

Performativity and convergence in comparative corporate governance

We engage with the convergence/divergence debate in the comparative study of corporate governance by commending a nuanced formulation of the convergence thesis. Directing attention to the precarious constitution and adoption of knowledge claims about corporate status and architecture in the field of corporate governance we suggest that the study of comparative corporate governance might usefully incorporate consideration of claims about corporate governance as potentially performative statements that function to stabilize particular ideas of status and architecture of the modern corporation with substantive outcomes for political economy, thereby influencing the shape of the institutions comprising the field of corporate governance. We conclude that the predominantly epistemological preoccupations of participants in the convergence/divergence debate could be usefully refined and supplemented by giving closer attention, empirical as well as theoretical, to the relation between performativity, convergence/divergence, and political economy

The Rise of the 1%: An Organizational Explanation

The paper adopts an organizational perspective to explore the conditions of possibility of the recent re-emergence of overt class-based discourse on one hand, epitomized by the ‘We are the 99%’ movement, and the rise on the other hand of a populist, nativist and sometimes overtly fascist right. It is argued that these phenomena, reflecting the increasingly crisis-pronecharacter of global capitalism, the growing gap between rich and poor and a generalized sense of insecurity, are rooted in the dismantling of socially embedded organizations through processes often described as‘financialization’, driven by the taken-for-granted dominance of neoliberal ideology. The paper explores the rise to dominance of the neoliberal ‘thought style’ and its inherent logic in underpinning the dismantling and restructuring of capitalist organization. Its focus is upon transnational value chain capitalism which has rebalanced power relations in favour of a small elite who is able to operate and realize wealth in ways that defy and often succeed in escaping the regulation of nation states

Social ontology and the modern corporation

In an assessment of Lawson’s social ontological analysis of the modern corporation, we consider what is marginalized: the significance of the status and the effects of the separate legal entity (SLE). The SLE is conceived as a specific type of construct that is ascribed particular properties through its stabilization within and between different (legal and economic) discourses. By showing how the SLE, as a reified construct, is rendered meaningful, real and/or consequential, we illustrate how the ‘social ontology’ of the modern corporation is radically contingent and inescapably contested. Given that the social ontology of the corporation defies definitive specification, we regard the prospect of the completeness of its disclosure (e.g. by foregrounding a specific referent) as problematic. Indeed, any account of social ontology that foregrounds a specific referent is seen to obscure a political process in which the stabilization of the SLE rests on the contingent foregrounding of particular priorities. This leads us to reflect on the power-inflected social organization of knowledge generation. Key to the explication of social ontology, and with specific reference to the corporation, is not, as Lawson contends, the concept of ‘community’ but the inescapability of contestation within relations of power that translate ontological openness into specific but precarious forms of ontic closure

The social potency of affect: identification and power in the immanent structuring of practice

We address the centrality of affect in structuring social practices, including those of organizing and managing. Social practices, it is argued, are contingent upon actors’ affectively charged involvement in immanent, yet indeterminate social relations. To understand this generative involvement, we commend a temporally-sensitive, critically-oriented theoretical framework, grounded in an affect-based ontology of practice. We demonstrate the relevance and credibility of this proposal through an analysis of the interactions of Board members in a UK consulting company

The social potency of affect: Identification and power in the immanent structuring of practice

This is the author accepted manuscript. The final version is available from SAGE Publications via the DOI in this record We address the centrality of affect in structuring social practices, including those of organizing and managing. Social practices, it is argued, are contingent upon actors’ affectively charged involvement in immanent, yet indeterminate social relations. To understand this generative involvement, we commend a temporally-sensitive, critically-oriented theoretical framework, grounded in an affect-based ontology of practice. We demonstrate the relevance and credibility of this proposal through an analysis of the interactions of Board members in a UK consulting company