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Schiller, S. (2017). The Quest for Rationality: Chief Financial Officers' and Accounting Master's Students' Perception of Economic Rationality. SAGE Open, 7(2), Article ID 2158244017704482.
Open this publication in new window or tab >>The Quest for Rationality: Chief Financial Officers' and Accounting Master's Students' Perception of Economic Rationality
2017 (English)In: SAGE Open, ISSN 2158-2440, E-ISSN 2158-2440, Vol. 7, no 2, article id 2158244017704482Article in journal (Refereed) Published
Abstract [en]

This article, based on experimental evidence, reports insights into how chief financial officers-experts-and master's students in accountingnovicesperceive economic rationality within the field of accounting. Based on the prospect theory and the fourfold pattern, four scenarios, covering everyday business situations, are used as a measurement instrument for capturing the experimental subjects' perception of economic rationality. The findings of the article indicate that the experts and the novices seem to be more economically rational when it comes to dealing with risk and uncertainty related to gains than when dealing with risk and uncertainty associated with losses. Furthermore, the novices tend to deal with the sunk-cost fallacy in a more economically rational way than the experts. From an economically rational point of view, mental accounting should not be particularly important in accounting judgment and decision making, but sometimes the experimental subjects seem to frame the scenario/issue at hand in mental-accounting terms.

Place, publisher, year, edition, pages
Sage Publications, 2017
Keywords
prospect theory, reference point, mental accounting, economic rationality, learning
National Category
Business Administration
Identifiers
urn:nbn:se:mdh:diva-35524 (URN)10.1177/2158244017704482 (DOI)000400364600001 ()2-s2.0-85021715635 (Scopus ID)
Available from: 2017-06-01 Created: 2017-06-01 Last updated: 2017-11-29Bibliographically approved
Schiller, S. (2014). Financial Information Related to Dynamic Capabilities: The Corporate Innovation Platform. Research in Business and Management, 1(1)
Open this publication in new window or tab >>Financial Information Related to Dynamic Capabilities: The Corporate Innovation Platform
2014 (English)In: Research in Business and Management, ISSN 2330-8362, Vol. 1, no 1Article in journal (Refereed) Published
Abstract [en]

The purpose of this paper is to suggest an empirically based model for identification,

recognition and measurement of internally generated intangible assets (IIAs) that meets the

fundamental qualitative characteristics of useful financial information. The paper sets out to

empirically test observed relations reflecting new product development activities and their

economic consequences in listed companies, by means of personal interviews with senior

managers, selected on the basis of their knowledge in the specificities of the innovation

process in their firm by means of a phenomenographic analysis the identified relations are

conceptualized in terms of logically related categories. There seems to be a match between

the identified observed relations and the recognition requirements that International

Accounting Standard (IAS) 38.57 sets out, which indicates that the requirements are relevant

and information meeting the requirements may faithfully represent what it purports to

represent or reasonably can be expected to represent. By relating the recognition and

measurement of IIAs to the proposed model the linkage between IIAs and related

organizational mechanisms will be made more explicit which may improve the

representational faithfulness of the financial information. One of the practical implications of

this study is that an entity specific control system based on the recognition criteria presented

in paragraph IAS 38.57 can improve the robustness of recognized IIAs arising from

innovative activities. By building a bridge between the dynamic capability literature and the

accounting literature the paper develops a new model of how to account for IIAs.

Place, publisher, year, edition, pages
MacroThink Institute, 2014
Keywords
internally generated intangible assets, recognition and measurement, corporate
National Category
Business Administration
Research subject
Industrial Economics and Organisations
Identifiers
urn:nbn:se:mdh:diva-22347 (URN)10.5296/rbm.v1i1.4496 (DOI)
Available from: 2013-11-03 Created: 2013-11-03 Last updated: 2016-01-22Bibliographically approved
Schiller, S. (2013). Heuristics or experience-based techniques for making accounting judgments and learning. Problems and Perspectives in Management, 11(3), 15-27
Open this publication in new window or tab >>Heuristics or experience-based techniques for making accounting judgments and learning
2013 (English)In: Problems and Perspectives in Management, ISSN 1810-5467, Vol. 11, no 3, p. 15-27Article in journal (Refereed) Published
Abstract [en]

The purpose of this paper is to further the development of initial accounting for internally generated intangible assets, relevant to both academics and practitioners, examining what happens when accountants are given principles-based discretion. This paper draws on existing insights into heuristics or experience-based techniques for making accounting judgments. Knowledge about judgment under uncertainty, and the general framework offered by the heuristics and biases program in particular, forms the underlying logical structure. An interview study concerning initial accounting for internally generated intangible assets in the consumer goods and services sector provides the empirical base for the analysis and discussion. Identifying and recognizing internally generated intangible assets is a typical case of judgment under uncertainty. From an accounting point of view, it is vital that the judgments and intentions produced by System 1 can be modified or overridden by the deliberative operations of System 2, that is, that a direct interrelationship exists between intuition and reasoning. This indicates that heuristics are experience-based, which makes it interesting to study accounting judgments from a heuristics and biases perspective. By studying the underlying processes on which accounting judgments are founded, we can learn more about how accountants reason in relation to various accounting standards given different economic situations. One of the practical implications of this study is that accountants can gain a better understanding of how to avoid judgmental biases when tackling complex accounting problems, such as accounting for internally generated intangible assets. This paper takes a different view on heuristics and biases related to accounting judgments from that of previous research in that the focus is primarily on the use and design of heuristics and biases and to a lesser extent on departures from normative decision-making behavior.

Place, publisher, year, edition, pages
Sumy: Business Perspectives Publishing Company, 2013
Keywords
internally generated intangible assets, accounting judgment, learning, heuristics
National Category
Social Sciences Business Administration
Research subject
Industrial Economics and Organisations
Identifiers
urn:nbn:se:mdh:diva-21626 (URN)
Projects
industriell ekonomi och organisation
Available from: 2013-09-21 Created: 2013-09-21 Last updated: 2013-09-25Bibliographically approved
Schiller, S. (Ed.). (2013). IFRS Accounting in progress: From a student perspective. Linköping: Linköping University
Open this publication in new window or tab >>IFRS Accounting in progress: From a student perspective
2013 (English)Collection (editor) (Other academic)
Place, publisher, year, edition, pages
Linköping: Linköping University, 2013. p. 223
National Category
Business Administration
Research subject
Industrial Economics and Organisations
Identifiers
urn:nbn:se:mdh:diva-21210 (URN)978-917519-654-1 (ISBN)
Available from: 2013-08-29 Created: 2013-08-29 Last updated: 2013-08-31Bibliographically approved
Schiller, S. (2013). Section 3. General issues in management: Heuristics or experience-based techniques for making accounting judgments and learning. Problems and Perspectives in Management, 11(3), 63-75
Open this publication in new window or tab >>Section 3. General issues in management: Heuristics or experience-based techniques for making accounting judgments and learning
2013 (English)In: Problems and Perspectives in Management, ISSN 1727-7051, Vol. 11, no 3, p. 63-75Article in journal (Refereed) Published
Abstract [en]

The purpose of this paper is to further the development of initial accounting for internally generated intangible assets, relevant to both academics and practitioners, examining what happens when accountants are given principles-based discretion. This paper draws on existing insights into heuristics or experience-based techniques for making accounting judgments. Knowledge about judgment under uncertainty, and the general framework offered by the heuristics and biases program in particular, forms the underlying logical structure. An interview study concerning initial accounting for internally generated intangible assets in the consumer goods and services sector provides the empirical base for the analysis and discussion. Identifying and recognizing internally generated intangible assets is a typical case of judgment under uncertainty. From an accounting point of view, it is vital that the judgments and intentions produced by System 1 can be modified or overridden by the deliberative operations of System 2, that is, that a direct interrelationship exists between intuition and reasoning. This indicates that heuristics are experience-based, which makes it interesting to study accounting judgments from a heuristics and biases perspective. By studying the underlying processes on which accounting judgments are founded, we can learn more about how accountants reason in relation to various accounting standards given different economic situations. One of the practical implications of this study is that accountants can gain a better understanding of how to avoid judgmental biases when tackling complex accounting problems, such as accounting for internally generated intangible assets. This paper takes a different view on heuristics and biases related to accounting judgments from that of previous research in that the focus is primarily on the use and design of heuristics and biases and to a lesser extent on departures from normative decision-making behavior. © Stefan Schiller, 2013.

Keywords
Accounting judgment, Heuristics, Internally generated intangible assets, Learning
National Category
Social Sciences
Identifiers
urn:nbn:se:mdh:diva-22971 (URN)2-s2.0-84887031915 (Scopus ID)
Available from: 2013-11-22 Created: 2013-11-22 Last updated: 2014-03-19Bibliographically approved
Schiller, S. & Perera, H. (2012). Importance of managing intangible assets in enhancing dynamic capabilities of firms: cases from Sweden and Germany. Annals of Innovation & Entrepreneurship, 3(17292), 1-14
Open this publication in new window or tab >>Importance of managing intangible assets in enhancing dynamic capabilities of firms: cases from Sweden and Germany
2012 (English)In: Annals of Innovation & Entrepreneurship, ISSN 2000-7396, E-ISSN 2000-7396, ISSN 2000-7396, Vol. 3, no 17292, p. 1-14Article in journal (Refereed) Published
Abstract [en]

The purpose of this article is to provide insights into our understanding of integrated learning incorporating interactive control systems and diagnostic control systems, through a new integrative learning framework related to management control systems (MCSs). The proposed framework can be used to analyze systematically the knowledge-creating ability of a firm. The study adopts a learning perspective under qualitative research methodology. Data were collected through interviews and analyzed in terms of the proposed integrative learning framework. The study finds that senior managers of large companies in Sweden and Germany consider that management of intangible assets is crucial in enhancing dynamic capabilities related to MCSs and that different companies use different strategies to achieve it. The findings of this study would be useful to other companies that struggle to survive in a highly competitive business environment.

Further, the framework developed in this study may be used as a tool to analyze systematically the knowledge-creating ability of a company.

Place, publisher, year, edition, pages
CoAction Publishing, 2012
Keywords
Tangible resources, Intangible resources, Innovation, Integrative learning, Management control system, Dynamic capabilities
National Category
Business Administration
Research subject
Industrial Economics and Organisations
Identifiers
urn:nbn:se:mdh:diva-21209 (URN)10.3402/aie.v3i0.17292 (DOI)
Available from: 2013-08-29 Created: 2013-08-29 Last updated: 2017-12-06Bibliographically approved
Schiller, S. (Ed.). (2012). Insights into IFRS Accounting: From a Student Perspective. Linköping: Linköping University
Open this publication in new window or tab >>Insights into IFRS Accounting: From a Student Perspective
2012 (English)Collection (editor) (Other academic)
Place, publisher, year, edition, pages
Linköping: Linköping University, 2012. p. 213
National Category
Business Administration
Research subject
Industrial Economics and Organisations
Identifiers
urn:nbn:se:mdh:diva-21216 (URN)978-91-7519-951-1 (ISBN)
Available from: 2013-08-29 Created: 2013-08-29 Last updated: 2013-09-05Bibliographically approved
Schiller, S. (Ed.). (2011). Past, Present and Future of the IASB: From a Student Perspective. Linköping: Linköping University
Open this publication in new window or tab >>Past, Present and Future of the IASB: From a Student Perspective
2011 (English)Collection (editor) (Other academic)
Place, publisher, year, edition, pages
Linköping: Linköping University, 2011. p. 206
National Category
Business Administration
Research subject
Industrial Economics and Organisations
Identifiers
urn:nbn:se:mdh:diva-21215 (URN)978-91-7393-121-2 (ISBN)
Available from: 2013-08-29 Created: 2013-08-29 Last updated: 2013-09-05Bibliographically approved
Schiller, S. (Ed.). (2010). IFRSs Address New Market and Institutional Development: From a Student Perspective. Linköping: Linköping University
Open this publication in new window or tab >>IFRSs Address New Market and Institutional Development: From a Student Perspective
2010 (English)Collection (editor) (Other academic)
Place, publisher, year, edition, pages
Linköping: Linköping University, 2010. p. 191
National Category
Business Administration
Research subject
Industrial Economics and Organisations
Identifiers
urn:nbn:se:mdh:diva-21214 (URN)978-91-7393-427-5 (ISBN)
Available from: 2013-08-29 Created: 2013-08-29 Last updated: 2013-09-05Bibliographically approved
Schiller, S. (2010). Management accounting in a learning environment. Journal of Accouting & Organizational Change, 6(1), 123-148
Open this publication in new window or tab >>Management accounting in a learning environment
2010 (English)In: Journal of Accouting & Organizational Change, ISSN 1832-5912, E-ISSN 1839-5473, Vol. 6, no 1, p. 123-148Article in journal (Refereed) Published
Abstract [en]

Purpose - The purpose of this paper is to report on the findings of a study designed to understand how management accounting changes when an organization evolves in a more network-oriented direction, informed by an experiential or integrated approach to learning.

 

Design/methodology/approach – This paper draws on a longitudinal case study initiated by the findings from a previous action research study at a manufacturing plant, the Volvo Floby factory.

 

Findings - By introducing and elaborating on the concept of Local Management Accounting System (LMAS), this paper contributes to the debate about how management accounting reacts to new organizational forms and technologies. Two types of management accounting information are identified: one corresponds to the accountability aspect of accounting – Type 1 information, while Type 2 information refers to problem solving and control. A LMAS is supportive of both local accountability, which draws on valuing skills, and of local problem solving, which relies on decision skills.

 

Research limitations/implications – One of the research implications of this study is that a LMAS may function as an important mechanism for innovation by explicitly integrating the holistic and the analytic dimensions of experiential learning.

 

Practical implications – The reported case illustrates how management accounting may facilitate process innovation in a practical setting.

 

Originality/value - By adopting an experiential learning methodology to develop new knowledge, the production plant studied has succeeded in creating an environment characterized by continuous innovation.

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2010
Keywords
Management accounting, Experiential learning, Continuous improvement, Innovation
National Category
Business Administration
Research subject
Industrial Economics and Organisations
Identifiers
urn:nbn:se:mdh:diva-21208 (URN)10.1108/18325911011025722 (DOI)
Available from: 2013-08-29 Created: 2013-08-29 Last updated: 2017-12-06Bibliographically approved
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0001-8916-6450

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