India needs more accounting research inputs in its march to a $5 trillion economy, especially with the IFRS-harmonized IndAS having been adopted recently. However, top global journals publish very little research on Indian accounting issues. The top five accounting journals currently have a grand total of fewer than five articles relating to India, compared to over 50 relating to China. And there is no Indian Scopus-indexed Accounting journal (unlike in Finance and Economics). This poses a dilemma for Indian researchers who either work on US data to get the academic respectability of publishing in top journals or work on issues relevant to India and forego academic prestige.
The proposed Journal will maintain high-quality standards and be oriented largely (but not exclusively) to Indian issues. Therefore, researchers on Indian issues will have a high-quality outlet that carries academic prestige, which will motivate more such research. The journal preferences are as follows –
- The primary focus of the Journal will be on Indian accounting issues and data. It will also be open to publishing articles in international settings.
- The Journal will be open to research in all areas of accounting such as financial accounting, management accounting and control, auditing, taxation, and also related fields such as capital markets, corporate finance, corporate governance, law, contracting, and information economics.
- The Journal will be open to all methods and tools from basic disciplines such as economics, statistics, psychology, and sociology.
- The journal will also consider replication of important accounting research findings in the Indian context and well-informed discussion of how institutional factors can lead to similar or different results.
- The Journal aims for a better balance between theory and practice than do the top international journal