The role of accounting in ideological conflict: Lessons from the South African divestment movement

Abstract

Social critiques of accounting have challenged the conventional view of corporate social disclosure as a neutral, technical tool for enhancing corporate social responsibility, and stressed the ideological role accounting plays in legitimating corporate activities. This paper extends the literature on the role of accounting in ideological conflict by examining the ideological role accounting and social disclosure played in the South African divestment debates in the United States during the 1970s and 1980s. The history of the Sullivan Principles and institutional divestment from South Africa provides an empirical context for examining both the potential and limits of accounting's capacity to serve the interests of subordinate groups and social movements.