publication . Article . 2020

Adapting to Crisis: Accounting Information Systems during the Weimar Hyperinflation

Sebastian Hoffmann; Stephen P. Walker;
Open Access
  • Published: 25 Nov 2020 Journal: Business History Review, volume 94, pages 593-625 (issn: 0007-6805, eissn: 2044-768X, Copyright policy)
  • Publisher: Cambridge University Press (CUP)
Abstract
<jats:p>German corporations are characterized as having been adaptable in the face of numerous traumatizing events during the twentieth century. This article explores how firms adapted their accounting information systems during the hyperinflation of the 1920s. It suggests that responses to the crisis focused on system elements identified as key to continuing operations. Initially, firms amended selling and purchasing arrangements, modified financial reporting, and shifted managerial reporting to nonmonetary information. As inflation accelerated, human resources were diverted to maintaining critical functions, especially those related to remunerating labor. Whil...
Persistent Identifiers
Subjects
free text keywords: Business, Management and Accounting (miscellaneous), Business and International Management, History, Political science, Keynesian economics, Hyperinflation, Accounting information system
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