A3 Book section, Chapters in research books
From vernacular accounting to standardized PMS : Logic multiplicity in a cooperative bank (2023)
Kinnunen, A., Järvenpää, M., & Rautiainen, A. (2023). From vernacular accounting to standardized PMS : Logic multiplicity in a cooperative bank. In P. Kalmi, T. Auvinen, & M. Järvenpää (Eds.), Responsible Finance and Digitalization : Implications and Developments (pp. 62-77). Routledge. https://doi.org/10.4324/9781003144427-6
JYU authors or editors
Publication details
All authors or editors: Kinnunen, Anniina; Järvenpää, Marko; Rautiainen, Antti
Parent publication: Responsible Finance and Digitalization : Implications and Developments
Parent publication editors: Kalmi, Panu; Auvinen, Tommi; Järvenpää, Marko
ISBN: 978-0-367-70061-4
eISBN: 978-1-003-14442-7
Publication year: 2023
Publication date: 09/08/2022
Pages range: 62-77
Number of pages in the book: 296
Publisher: Routledge
Place of Publication: Abingdon
Publication country: United Kingdom
Publication language: English
DOI: https://doi.org/10.4324/9781003144427-6
Publication open access: Not open
Publication channel open access:
Publication is parallel published (JYX): https://jyx.jyu.fi/handle/123456789/86048
Abstract
In this chapter we analyze how local member banks shifted from local, vernacular, accounting, and performance measurement systems to centralized and standardized performance measurement systems in a cooperative bank organization. The member banks reduced the use of vernacular accounting systems (VAS) to achieve greater cost-efficiency and to meet regulation requirements, but they still maintained their strong local logics beside the cooperative unity logic, with only minimal or moderate conflict. We suggest that the power of individual actors, i.e., CEOs, affected the balance of these logics, and the way performance measurement (PM) targets were chosen at the local level from the standardized template. We found that the feeling of autonomy maintained by the member banks after the centralization aided the standardization. Moreover, we contribute to recent digitalization discussions and suggest that if a centralized accounting system provided by the group supports the local values, the local actors are more willing to adapt the system and reduce their use of VAS.
Keywords: banking sector; cooperative banks; accounting; management accounting; standardisation; digitalisation
Contributing organizations
Ministry reporting: Yes
Reporting Year: 2023
Preliminary JUFO rating: 3
Parent publication with JYU authors: