Acknowledgements
The work conducted for this paper was part of the programme of the ESRC Centre for Analysis of Risk and Regulation. Thanks are due to two anonymous reviewers, and to Chris Carter, the Editor of this special issue, for his support and encouragement. We would like to thank also participants at the Workshop on Strategy, Organization and Society, held at Copenhagen Business School, November 2011, as well as participants at the Workshop on Accounting, Law and Marketing held at the London School of Economics and Political Science, February 2012. Particular thanks go to Michael Power, who stimulated an early interest in the linkages between accounting calculations and insolvency, and to Andrea Mennicken for her comments and encouragement.