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Juridical Perceptions of the Relevance of Accounting Data in Wage Fixation
Author(s) -
Clarke Frank,
Craig Russell
Publication year - 1991
Publication title -
british journal of industrial relations
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.665
H-Index - 70
eISSN - 1467-8543
pISSN - 0007-1080
DOI - 10.1111/j.1467-8543.1991.tb00254.x
Subject(s) - wage , perception , accounting , tribunal , economics , relevance (law) , collective bargaining , labour economics , political science , law , psychology , neuroscience
Major Australian wage fixation tribunal cases since 1900 have considered the significance and admissibility of accounting data. There is no evident juridical, employer or trade union perception that data drawn from conventionally prepared (historic cost‐based) accounting reports are technically unserviceable for determining either capacity or incapacity to pay money wages. The implied acceptance of the serviceability of published accounting data in countries with a tradition of collective bargaining suggests that considerable damage may have occurred already. Reassessment is long overdue.