Using Giddens (1984) structuration theory (ST), in this paper we illustrate how the efficiency-driven approaches adopted by a large stated-owned public company in Latin America (Latin American Multiutility Conglomerate [LAMC]) implicitly resulted in triggering a dam disaster with far-reaching socio-economic, environmental, and human consequences. Data for the study were derived through document analysis and conducting unstructured, semi-structured, and email interviews. Our findings show that the internalization of efficiency as a corporate value at LAMC was further rationalized through the adoption of new public management (NPM)-based management accounting practices (MAPs) embedded within the market-led development approach. These MAPs connected agencies and structures in a dialectic way and continued reproducing efficiency through day-to-day operations and by enabling the company to champion itself as a successful NPM adopter. However, throughout this process, the socio-environmental and human costs relating to “the dam project” were overlooked, making the disaster inevitable. The paper questions the market-led development approach, and NPM-based MAPs, and calls for further empirical work delineating how MAPs can be implicated in public value creation and promoting publicness in emerging economies. Such work is of paramount importance not only to prevent the “unexpected and unwanted effects of public sector accounting” under NPM and market-led development but also to save the lives and livelihoods of poor and vulnerable community members in emerging economies.

中文翻译：

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通过管理会计实践再现效率：新公共管理改革的社会经济、环境和人类后果

在本文中，我们利用吉登斯（Giddens，1984）的结构理论（ST）说明了拉丁美洲一家大型国有上市公司（拉丁美洲多公用事业集团[LAMC]）采用的效率驱动方法如何隐含地导致引发水坝灾难。具有深远的社会经济、环境和人类影响。该研究的数据是通过文档分析以及进行非结构化、半结构化和电子邮件访谈得出的。我们的研究结果表明，通过采用嵌入市场主导的开发方法中的基于新公共管理 (NPM) 的管理会计实践 (MAP)，LAMC 将效率作为企业价值的内部化进一步合理化。这些 MAP 以辩证的方式连接机构和结构，并通过日常运营持续提高效率，并使公司能够成为成功的 NPM 采用者。然而，在整个过程中，“大坝工程”相关的社会环境和人力成本却被忽视，灾难不可避免。该文件对市场主导的发展方法和基于新公共管理的 MAP 提出质疑，并呼吁开展进一步的实证工作，描述 MAP 如何参与公共价值创造并促进新兴经济体的公共性。此类工作至关重要，不仅可以防止国家公共管理和市场主导的发展下的“公共部门会计的意外影响”，还可以拯救新兴经济体贫困和弱势社区成员的生命和生计。