1) ‘Socio-Economic Impacts of IFRS on Wider Stakeholders in India’* -
(*High Impact study- REF2014)
Brief description: [On the request of the Minister of Corporate Affairs (MCA) in India, Hon. Mr. Salman Khurshid and the Institute of Chartered Accountants in India (ICAI), New Delhi, India, a research report based on the newly developed ‘Dialectic Interviews’ with more than 270 interviewees, with subjects including Ministers, Secretaries and twenty (past) Presidents of the Institute of Chartered Accountants in India. The report and consultations for MCA have already led the Government of India not to adopt IFRS for the sake of sustainable development of India’s socio-economies, which is a significant change from the previous announcement in 2007 and has initiated new trends in the international politics of accounting standards setting (Ministerial Announcement: 22nd Jan. 2010) (ICAI: Oct.2010).]
2) Institutional Mechanism Design: Accounting for Sustainability for Emerging Economies-Consultation Report to UN and Relevant Institutions
This research suggests a more appropriate CSR policy for emerging economies such India’s 2% Policy. By analysing e the Oxford Financial Reporting Scheme for Sustainable Development (OFRSSD) based on the Principles of Institutional Mechanism Design (IMD) and the Principles of Effective Regulation. The OFRRSD is a CSR policy innovation which utilises a specific form of disclosure, referred to as “One Additional Line” (OAL) which aims to align the personal incentives of corporate management, investors and other stakeholders in such a way that their individual utility-maximising behaviour will collectively contribute to the sustainable development of socio-economies.