To boldly go where no one has gone before: a critical realist approach to space accounting

Abstract

Purpose

The purpose of this paper is to demonstrate how critical realism can be mobilised as a meta-theory, or philosophical under-labourer, for research on space accounting and how this may further inquiries into the known as well as the unknown implications of space exploration and commercialisation.

Design/methodology/approach

This is a conceptual paper that applies critical realism to the field of space accounting using cost management in space contracts as an illustrative example.

Findings

Adopting a naturalised version of critical realism that recognises the complex interplay between natural and social realities, the author nuances the distinction between intransitive and transitive objects of knowledge and advances a framework that may be used as a starting point for a transfactual mode of reasoning. The author then applies this mode of reasoning to the topic of cost management in the space sector and illustrates how it may enhance our insights into what causes cost overruns in space contracts.

Research limitations/implications

By adopting a naturalised version of critical realism, the author establishes a philosophical framework that can support the broadly based, inter-disciplinary research agenda that has been envisaged for research on space accounting and possibly inform policy development.

Originality/value

This paper is the first to apply a critical realist perspective to space accounting and lays a philosophical foundation for future research on the topic.

Citation

Modell, S. (2023), "To boldly go where no one has gone before: a critical realist approach to space accounting", Accounting, Auditing & Accountability Journal, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/AAAJ-09-2022-6044