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

Keywords

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

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