A Multigroup Analysis of Students’ Intention to Major in Accounting before, during, and after the Recession: Emergence of a Professional Ethics Perception

Abstract

This study investigates the determinants of students’ intention to major in accounting (IMA) in pre-recessionary, recessionary, and post-recessionary time periods. By examining four factors (perceived professional ethics (PE), job market consideration (JMC), social influence (SI), and self-efficacy (SE)) in accordance with the theory of planned behavior (TPB), we address two primary research questions. The first question concerns whether the four factors are related to students’ IMA before, during, and after the recession. The second deals with whether there is a shift in the relative importance of the factors between the pre-recessionary, recessionary, and post-recessionary periods. We use structural equation modeling and multigroup analysis of structural invariance to analyze these issues. The results show that all four factors have significant structural weights in each period, with the exception of perceived PE in the pre-recessionary period. In terms of students’ IMA over the three periods, perceived PE, JMC, and SI become factors of greater importance during the recessionary and post-recessionary periods, while SE decreases in relative importance.

Citation

Lee, W.E. and Schmidt, D. (2014), "A Multigroup Analysis of Students’ Intention to Major in Accounting before, during, and after the Recession: Emergence of a Professional Ethics Perception", Advances in Accounting Education: Teaching and Curriculum Innovations (Advances in Accounting Education, Vol. 15), Emerald Group Publishing Limited, Leeds, pp. 33-57. https://doi.org/10.1108/S1085-462220140000015000