Accounting magic and corporate control: A discussion of Espeland and Hirsch

Robert P. Crum

Research output: Contribution to journalArticlepeer-review

1 Scopus citations


Espeland & Hirsch propose that accounting has helped legitimize the conglomerate form of incorporation and has played a dysfunctional role in markets of corporate control. This paper suggests that evidence compelling acceptance of the first proposition may be insufficient for demonstrating the validity of the second one; and that substantial contrary evidence exists. The challenge ahead is to reconcile these evidences and to sort out the several theories that potentially explain them.

Original languageEnglish (US)
Pages (from-to)97-105
Number of pages9
JournalAccounting, Organizations and Society
Issue number1-2
StatePublished - 1990

All Science Journal Classification (ASJC) codes

  • Accounting
  • Sociology and Political Science
  • Organizational Behavior and Human Resource Management
  • Information Systems and Management


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