Changing regimes of governance in a less developed country

Chandana Gnanapriya Alawattage, Danture Wickramasinghe

Research output: Chapter in Book/Report/Conference proceedingChapter

8 Citations (Scopus)

Abstract

Purpose – This paper examines the changing regimes of governance and the roles of accounting therein in a less developed country (LDC) by using Sri Lanka tea plantations as a case. It captures the changes in a chronological analysis, which identifies four regimes of governance: (a) pre-colonial, (b) colonial, (c) post-colonial and (d) neo-liberal. It shows how dialectics between political state, civil state and the economy affected changes in regimes of governance and accounting through evolving structures, processes and contents of governance.
Methodology – It draws on the works of Antonio Gramsci and Karl Polanyi to articulate a political economy framework. It provides contextual accounts from the Sri Lankan political history and case data from its tea plantations for the above chronological analysis.
Findings – The above four regimes of governance had produced four modes of accounting: (a) a system of rituals in the despotic kingship, (b) a system of monitoring and reporting to absentee Sterling capital in the despotic imperialism, (c) a system of ceremonial reporting to state capital in a politicised hegemony and (d) good governance attempts in a politicised hegemony conditioned by global capital. We argue that political processes and historical legacies rather than the assumed superiority of accounting measures gave shape to governance regimes. Governance did not operate in its ideal forms, but ‘good governance’ initiatives revitalised accounting roles across managerial agency to strengthening stewardship rather than penetrating it into the domain of labour controls. Managerial issues emerged from contradictions between political state, civil state and the economy (enterprise) constructed themselves a distinct political domain within which accounting had little role to play, despite the ambitious aims of good governance.
Originality – Most accounting and governance research has used economic theories and provided ahistorical analysis. This paper provides a historically informed chronological analysis using a political economy framework relevant to LDC contexts, and empirically demonstrates how actual governance structures and processes lay in broader socio-political structures, and how the success of good governance depends on the social and political behaviour of these structural properties.
Original languageEnglish
Title of host publicationCorporate Governance in Less Developed and Emerging Economies
EditorsShazad Uddin, Matthew Tsamenyi
Place of PublicationBingley, United Kingdom
PublisherEmerald Group Publishing Limited
Pages273-310
Number of pages37
Volume8
ISBN (Print)1848552521, 978-1848552524
DOIs
Publication statusPublished - 5 Dec 2008

Publication series

NameResearch in Accounting in Emerging Economies
PublisherEmerald Group Publishing Limited
Volume8
ISSN (Print)1479-3563

Fingerprint

regime
governance
good governance
hegemony
political economy
economy
political history
political behavior
political structure
imperialism
Sri Lanka
social behavior
economic theory
dialectics
religious behavior
monitoring
labor
methodology

Keywords

  • Governance
  • LDCs
  • Sri Lanka
  • Political economy
  • Accounting

Cite this

Alawattage, C. G., & Wickramasinghe, D. (2008). Changing regimes of governance in a less developed country. In S. Uddin, & M. Tsamenyi (Eds.), Corporate Governance in Less Developed and Emerging Economies (Vol. 8, pp. 273-310). (Research in Accounting in Emerging Economies; Vol. 8). Bingley, United Kingdom: Emerald Group Publishing Limited. https://doi.org/10.1016/S1479-3563(08)08010-9

Changing regimes of governance in a less developed country. / Alawattage, Chandana Gnanapriya; Wickramasinghe, Danture.

Corporate Governance in Less Developed and Emerging Economies. ed. / Shazad Uddin; Matthew Tsamenyi. Vol. 8 Bingley, United Kingdom : Emerald Group Publishing Limited, 2008. p. 273-310 (Research in Accounting in Emerging Economies; Vol. 8).

Research output: Chapter in Book/Report/Conference proceedingChapter

Alawattage, CG & Wickramasinghe, D 2008, Changing regimes of governance in a less developed country. in S Uddin & M Tsamenyi (eds), Corporate Governance in Less Developed and Emerging Economies. vol. 8, Research in Accounting in Emerging Economies, vol. 8, Emerald Group Publishing Limited, Bingley, United Kingdom, pp. 273-310. https://doi.org/10.1016/S1479-3563(08)08010-9
Alawattage CG, Wickramasinghe D. Changing regimes of governance in a less developed country. In Uddin S, Tsamenyi M, editors, Corporate Governance in Less Developed and Emerging Economies. Vol. 8. Bingley, United Kingdom: Emerald Group Publishing Limited. 2008. p. 273-310. (Research in Accounting in Emerging Economies). https://doi.org/10.1016/S1479-3563(08)08010-9
Alawattage, Chandana Gnanapriya ; Wickramasinghe, Danture. / Changing regimes of governance in a less developed country. Corporate Governance in Less Developed and Emerging Economies. editor / Shazad Uddin ; Matthew Tsamenyi. Vol. 8 Bingley, United Kingdom : Emerald Group Publishing Limited, 2008. pp. 273-310 (Research in Accounting in Emerging Economies).
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