The ‘situated functionality’ of accounting in private equity practices: a social ‘site’ analysis

Yesh Nama*, Alan Lowe

*Corresponding author for this work

Research output: Contribution to journalArticle

Abstract

This paper contributes to the recent ‘practice turn’ in management accounting literature in two ways: (1) by investigating the meshing and consequently the ‘situated functionality’ of accounting in various private equity (PE) practices, and (2) by experimenting with the application of Schatzki’s ‘site’ ontology. By identifying and describing the role and nature of accounting and associated calculative practices in different parts of the PE value chain, we note that the ‘situated functionality’ of accounting is ‘prefigured’ by its ‘dispersed’ nature. A particular contribution of experimenting with Schatzki’s ‘site’ ontology has been to identify theoretical concerns in relation to the meaning and role of the concept ‘general understandings’ and to clarify the definitional issues surrounding this concept. We also identify the close relationship between ‘general understandings’ and ‘teleoaffective structure’ and note their mutually constitutive nature.
Original languageEnglish
Pages (from-to)284-303
Number of pages20
JournalManagement Accounting Research
Volume25
Issue number4
Early online date5 Jul 2014
DOIs
Publication statusPublished - Dec 2014

Fingerprint

Ontology
Nature
Functionality
Private equity
Management accounting
Value chain

Keywords

  • accounting practices
  • practice theory
  • private equity
  • site ontology
  • situated functionality

Cite this

@article{f72539b0a7d14d5ea1af8dc54abbdb13,
title = "The ‘situated functionality’ of accounting in private equity practices: a social ‘site’ analysis",
abstract = "This paper contributes to the recent ‘practice turn’ in management accounting literature in two ways: (1) by investigating the meshing and consequently the ‘situated functionality’ of accounting in various private equity (PE) practices, and (2) by experimenting with the application of Schatzki’s ‘site’ ontology. By identifying and describing the role and nature of accounting and associated calculative practices in different parts of the PE value chain, we note that the ‘situated functionality’ of accounting is ‘prefigured’ by its ‘dispersed’ nature. A particular contribution of experimenting with Schatzki’s ‘site’ ontology has been to identify theoretical concerns in relation to the meaning and role of the concept ‘general understandings’ and to clarify the definitional issues surrounding this concept. We also identify the close relationship between ‘general understandings’ and ‘teleoaffective structure’ and note their mutually constitutive nature.",
keywords = "accounting practices, practice theory, private equity, site ontology, situated functionality",
author = "Yesh Nama and Alan Lowe",
year = "2014",
month = "12",
doi = "10.1016/j.mar.2014.06.001",
language = "English",
volume = "25",
pages = "284--303",
journal = "Management Accounting Research",
issn = "1044-5005",
publisher = "Academic Press Inc.",
number = "4",

}

The ‘situated functionality’ of accounting in private equity practices : a social ‘site’ analysis. / Nama, Yesh; Lowe, Alan.

In: Management Accounting Research, Vol. 25, No. 4, 12.2014, p. 284-303.

Research output: Contribution to journalArticle

TY - JOUR

T1 - The ‘situated functionality’ of accounting in private equity practices

T2 - a social ‘site’ analysis

AU - Nama, Yesh

AU - Lowe, Alan

PY - 2014/12

Y1 - 2014/12

N2 - This paper contributes to the recent ‘practice turn’ in management accounting literature in two ways: (1) by investigating the meshing and consequently the ‘situated functionality’ of accounting in various private equity (PE) practices, and (2) by experimenting with the application of Schatzki’s ‘site’ ontology. By identifying and describing the role and nature of accounting and associated calculative practices in different parts of the PE value chain, we note that the ‘situated functionality’ of accounting is ‘prefigured’ by its ‘dispersed’ nature. A particular contribution of experimenting with Schatzki’s ‘site’ ontology has been to identify theoretical concerns in relation to the meaning and role of the concept ‘general understandings’ and to clarify the definitional issues surrounding this concept. We also identify the close relationship between ‘general understandings’ and ‘teleoaffective structure’ and note their mutually constitutive nature.

AB - This paper contributes to the recent ‘practice turn’ in management accounting literature in two ways: (1) by investigating the meshing and consequently the ‘situated functionality’ of accounting in various private equity (PE) practices, and (2) by experimenting with the application of Schatzki’s ‘site’ ontology. By identifying and describing the role and nature of accounting and associated calculative practices in different parts of the PE value chain, we note that the ‘situated functionality’ of accounting is ‘prefigured’ by its ‘dispersed’ nature. A particular contribution of experimenting with Schatzki’s ‘site’ ontology has been to identify theoretical concerns in relation to the meaning and role of the concept ‘general understandings’ and to clarify the definitional issues surrounding this concept. We also identify the close relationship between ‘general understandings’ and ‘teleoaffective structure’ and note their mutually constitutive nature.

KW - accounting practices

KW - practice theory

KW - private equity

KW - site ontology

KW - situated functionality

UR - http://www.scopus.com/inward/record.url?scp=84911008778&partnerID=8YFLogxK

U2 - 10.1016/j.mar.2014.06.001

DO - 10.1016/j.mar.2014.06.001

M3 - Article

AN - SCOPUS:84911008778

VL - 25

SP - 284

EP - 303

JO - Management Accounting Research

JF - Management Accounting Research

SN - 1044-5005

IS - 4

ER -