Accounting for profitable prevention—The case of social investments. (31st March 2020)

• Record Type: Journal Article
• Authors: Lagström, Cristian; Ek Österberg, Emma
• Other Names: Thomasson Anna guestEditor.; Lapsley Irvine guestEditor.; Steccolini Ileana guestEditor.
• Is Part Of: Financial accountability & management. Volume 36:Number 2(2020:May)
• Page Start: 117
• Page End: 133
• Publication Date: 2020-03-31
• Subjects: calculative practices -- economization -- new public management -- publicness -- social investments -- wicked issues; Finance, Public -- Accounting -- Periodicals; Accounting -- Periodicals; Managerial accounting -- Periodicals; Public administration -- Periodicals; 658.159
• DOI: 10.1111/faam.12230
• Languages: English
• ISSNs: 0267-4424

Abstract

Abstract: Contemporary developments in public administration imply an increasingly multifaceted and intangible context for public service delivery. Yet, there is a continued emphasis on calculative devices in this changing public landscape which urge for a broadened perspective, beyond that of New Public Management (NPM), on the role and consequences of accounting in the attainment of public goals, in particular, in relation till wicked problems. This article reports an in‐depth study of social investments, a governing model which aims to make visible the value of long‐term effects of preventive social work. The article focuses on microlevel dynamics and activities undertaken by key actors during the implementation process, using an institutional work perspective, in particular, the concepts of political, technical, and cultural work. The analysis shows that the ambition to calculate the profit of preventive social work was largely underpinned and facilitated by a problematization of NPM features. This supports recent calls for further research on public sector accounting that explores, rather than presumes, the logics and rationales to which accounting techniques are connected. The study also complements literature on wicked problems by linking the use and perceived usefulness of calculative practices with the attempts of attaining complex goals in the public arena.