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September 25, 2026
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The Comparative Institutional Analysis of Accounting: from Craft to Institution

Ekonomika. Supplement B. 2013. Vol. 92. No. 3. P. 271–277.
Volkova O. N.

This paper investigates if accounting evolved as a result of  the interaction of special economic, cultural and political institutions which prevailed in Medieval Italy. A two step approach is implemented by the Historical and Comparative Institutional Analysis. First we investigate the features of above institutions led to accounting institutionalization. We found business environment, political, social, economic and cultural factors which was significant to this process. Second we showed the institutionalization of accounting to be completed to the XIV century, when it became a system of codified technical standards, scholar discipline and professional field. 

Research target: History and Archeology Economics and Management
Priority areas: economics
Language: English
Full text
Keywords: accountingeconomic historysocial instituteeconomic instituteaccounting historyItaly accounting of XII-XVI century
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