1,721,118 research outputs found
IL PROGETTO IFRS FOR SMES E LE SUE RELAZIONI CON LE PROPOSTE DI REVISIONE DELLE DIRETTIVE EUROPEE
Full text linkL’obiettivo di questo articolo è quello di indagare se il progetto di introduzione degli IFRS for SMEs alle PMI sia in grado di poter contribuire, allo stato attuale, in modo significativo al processo di armonizzazione contabile, o se, al contrario, l’armonizzazione contabile debba ancora essere perseguita attraverso lo strumento delle Direttive Contabili Europee.In this paper I investigate if, in order to give a contribution to the process of accounting harmonization, the IFRS for SMEs project represents effectively a possible way forward or, contrarily, European Accounting Directives are still the best approach. As consequences, I propose an alternative solution that should be further investigated
L’accountabilty cooperativa: l'obbligo contabile
No full textIl bilancio d’esercizio è uno strumento di memoria del sistema-azienda, volto alla misurazione della performance economica, sul quale convergono interessi e bisogni informativi che variano a seconda della tipologia d’azienda e del sistema economico-sociale in cui questa opera . Le dimensioni che quindi influenzano, o melius dovrebbero influenzare, la funzione svolta dal bilancio d’esercizio sono almeno due: le caratteristiche del sistema-azienda, che possono essere efficacemente identificate attraverso il paradigma interpretativo “Mission, Governance e Accountability”, e gli interessi che il legislatore (o standard setter) ritengono più meritevoli di tutela in uno specifico momento storico/sistema economico-sociale
L’accountability cooperativa: l’obbligo contabile
No full textIl bilancio d’esercizio è uno strumento di memoria del sistema-azienda, volto alla misurazione della performance economica, sul quale convergono interessi e bisogni informativi che variano a seconda della tipologia d’azienda e del sistema economico-sociale in cui questa opera. Il presente contributo si propone di investigare quale sia il sistema contabile più adatto alle aziende cooperative a mutualità prevalente, date le loro specificità in termini di mission e governance, e alla luce dell'attuale normativa civilistica
Firm geographic dispersion and financial analysts' forecasts
Full text linkUsing a text-based measure of geographic dispersion that captures the economic ties between a firm and its geographically distributed economic interests, this study provides evidence that financial analysts issue less accurate, more dispersed and more biased earnings forecasts for geographically dispersed firms. We observe the degree to which a firm has an overlapping distribution of economic centers in comparison to industry competitors and suggest that geographically similar firms have lower information gathering costs and thereby more precise earnings forecasts. Empirical evidence supports this prediction. We further find that the geographic dispersion across the U.S. is less likely to affect forecast precision when a firm has economic activities in states with highly correlated local shocks. Our findings suggest that the effect of geographic dispersion is more pronounced for soft-information environments where information is more difficult to make impersonal by using technological advances. Consistent with the information asymmetry argument, we find that geographically dispersed firms have less comparable and more discretionary managed earnings, have less extensive than industry competitors segment information, are more likely to restate sale segment information, and issue annual and quarterly filings with a delay
Tangible fixed assets and intangible assets
No full textThe book titled "Business Administration and Accounting" represents an endeavor to compile a comprehensive guide in English that encapsulates the core ideas of Italian "Economia Aziendale" (Business Management), along with the foundational accounting principles and the methodologies for representing financial statements in Italy. Authored by Business Management professors from Italian universities, this volume is structured into 16 chapters and primarily targets students enrolled in English-taught Bachelor's and Master's degree programs in Economic Sciences. As a first edition, it gathers educational and research content with the purpose of promoting the rich heritage of Italian studies in Business Management and Accounting on a global scale
Does intellectual capital affect business performance?
Full text linkThe aim of this paper is to assess the impact of intellectual capital (IC) on firms’ financial performance with reference to a sample of companies operating in the European Union (EU) area during the period from 2006 to 2013. The analyses are further differentiated by country of domicile, industry sector, and historical period (pre-crisis and crisis). We investigate whether the value of the components of IC is a relevant factor that influences firms’ performance, proposing and testing a modified version of the value added intellectual capital (VAICTM) model which also considers country-specific differences in terms of default risk. The empirical results evidence the relevance of the information on IC disclosed by companies. Differences arise depending on the reference country, industry, and historical period examined. The main limitations of the research are the unbalanced structure of the sample among countries and industries and the specificity of the examined sample (listed firms applying IAS/IFRS system). The main implication of the study is that, since we demonstrate the value relevance of IC, our findings could be of interest for standard setters for defining a standard (qualitative and quantitative) level of information on human resources to be disclosed by companies in their financial statements. Our contribution to the literature is the proposal of some relevant modifications to the original VAICTM model and providing new evidence on the influence that IC had in recent years on business performance in the EU
Family ownership and impression management: an integrated approach
No full textAccording to agency theory, impression management is lower in family-owned firms because of reduced agency I conflicts. However, when family owners are present, agency I conflicts are superseded by agency II conflicts between controlling and minority shareholders, leading to a positive association between impression management and family ownership. Moreover, family owners have distinct goals related to the preservation of socioemotional wealth (SEW) that may influence agency conflicts. We formalize these countervailing forces by developing an integrated theoretical framework that considers both agency I and agency II conflicts and how they interact with SEW-related motives. We hypothesize that the coexistence of agency I and agency II conflicts in family-owned firms leads to a U-shaped association between family ownership and impression management. We also expect that this U-shaped association is flatter when family influence on the board is stronger and SEW motives shape more corporate choices. We test our predictions by analyzing the letters to shareholders of 77 Italian-listed firms from 2008 to 2015. The results confirm our expectations and hold when we use instrumental variable estimation, alternative proxies to capture SEW motives, and impression management measures
Do product market threats affect analyst forecast precision?
No full textWe examine how product market threats influence the precision of analyst forecasts. Greater competitive threats may make forecasting more difficult by increasing the uncertainty regarding future cash flows and by influencing the quality of financial disclosure. Using a firm-specific measure of product market threats (i.e., fluidity), we find that analysts are more likely to be less precise forecasting earnings for highly fluid firms and that the lack of precision is not fully explained by performance volatility. Our findings further suggest that firms with fluid products have lower accruals quality and that they are more likely to withheld information regarding contract terms and sales from major customers. Cross-sectional analysis further suggests that the effect of fluidity on analyst forecasts is more pronounced when firms have flexibility in disclosure choices. Using significant changes in tariff rates as a quasi-natural experiment, we find that analyst forecast precision is significantly lower following tariff reductions
Dal business della sostenibilità alla sostenibilità del business
No full textIl contributo illustra l'evoluzione del concetto di sostenibilità d'impresa, dal suo impiego come mero strumento di politica reputazionale, all'attuale considerazione quale elemento costitutivo del business
Introduzione
No full textNelle pagine del volume si alterneranno capitoli “accademici”, i cui contenuti contribuiscono al dibattito scientifico su tematiche care al prof. Matacena, con testimonianze “amicali”, che raccontano dell’attenzione per gli studenti e dell’energia comunicativa di Antonio Matacena. Energia che spesso si traduce in ironia e provocazione, mai banale, ma sempre volta a “catturare” l’attenzione e a disorientare quel tanto basta per insinuare il dubbio della conoscenza
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