1,720,960 research outputs found
Enhancing bank transparency: Financial reporting quality, fraudulent peers and social capital
Full text linkThis study examines the role of social norms in financial markets by relating bank transparency to social capital. Using comprehensive data on commercial banks, we provide empirical evidence that high social capital contributes to more transparent financial reporting, thereby enabling more precise risk assessments and promoting financial stability. We find that the effect of social capital is more pronounced when commercial banks are more complex and disclosure incentives of bank managers are strong. Our results suggest that more opaque reporting by peers explains lower transparency but financial misreporting is less contagious when social capital is high. Our study suggests that social capital can effectively improve reporting transparency when other mechanisms are not effective, thus securing financial system stability
Rise and fall degli IFRS in Italia: verso un modello di bilancio ibrido?
No full textIn questo contributo cercheremo di esaminare l’evoluzione della disciplina in tema di bilancio d’esercizio nel nostro paese, alla luce delle funzioni in-formative tradizionalmente attribuite a questo documento dalla dottrina aziendalistica, con lo scopo di capire se sia in atto un processo di progressiva ibridazione dei sistemi di rendicontazione delle imprese verso i soggetti esterni
Il bilancio d'esercizio
No full textPer molto tempo la disciplina del bilancio di esercizio è rimasta pressoché immutata. Tuttavia, da quindici anni a questa parte, si assiste ad una proliferazione di norme e standard contabili senza precedenti, che investono sia gli aspetti sostanziali che i contenuti di carattere più “narrativo”.
Ciò è dovuto, in parte, al ruolo sempre più preminente assunto dagli IFRS, che impongono un benchmark di riferimento a livello europeo e mondiale, e non solo per le società che sono obbligatoriamente tenute alla loro applicazione; in parte ancora più rilevante, ciò è imputabile ai mutamenti degli scenari macro-economici, che hanno richiesto una riflessione sul modo di rappresentare i fatti gestionali e, al contempo, hanno evidenziato l’opportunità di nuove logiche interpretative.
Warren Buffet afferma che “accounting is the language of business”; la contabilità e il bilancio sono la lingua degli affari. Una lingua che deve adattarsi ad un mondo che cambia e che necessita di aggiornamenti continui, a volte con una velocità a cui gli operatori faticano a stare dietro.
In questo contesto, c’è da chiedersi (e ce lo siamo chiesti) se abbia senso investire energie in un volume sul bilancio di esercizio, che rischia di diventare obsoleto poco dopo la sua pubblicazione e che, se incontrerà un qualche riscontro positivo, necessiterà di aggiornamenti costanti. La risposta che ci siamo dati è affermativa, almeno per un paio di ragioni.
La prima riguarda i destinatari di questo libro, che sono gli studenti universitari. In circolazione esistono tanti ottimi testi sul bilancio curati da autorevoli colleghi. Si tratta di volumi molto esaustivi, che trattano le varie tematiche con un elevato grado di approfondimento, al punto di essere talvolta più idonei per un operatore professionale che per uno studente all’inizio del percorso accademico.
Il libro che tenete tra le mani, si basa invece su una logica “sottrattiva”. Raccogliendo la sfida dell’editore, ci siamo cimentati nella stesura di un volume relativamente snello e “tagliato” sulla struttura dei corsi universitari, con l’obiettivo non di illustrare lo scibile sul bilancio, ma di far comprendere la logica di fondo, focalizzandosi sugli aspetti principali e illustrando – quando possibile – il differente approccio tra l’impianto civilistico e gli standard IFRS.
La seconda ragione è strettamente legata alla prima. Le regole del bilancio sono destinate ad adeguarsi al mutare dei paradigmi economici. Le sfide che attendono i legislatori e gli standard setters riguardano mondi che la disciplina sul bilancio, ad oggi, ha solamente intaccato. Basti pensare alle varie declinazioni dell’economia digitale, al metaverso, alla dematerializzazione degli scambi, alla sostenibilità, intesa nelle sue numerose accezioni. In questo scenario, se è consentita una semplificazione concettuale, la singola regola “va e viene”, mentre i fondamenti del bilancio costituiscono l’ancoraggio sicuro a cui fare riferimento per “raccontare” in modo coerente i fatti della gestione. Ieri, oggi e domani.
Sulla scorta di queste premesse, ci accingiamo a licenziare questo volume, ringraziando ad uno ad uno i colleghi che hanno acconsentito a condividere questa sfida: Francesca Bernini, Salvatore Cincimino, Francesco Facchini, Cristina Gianfelici, Sabrina Gigli e Patrizia Petrolati
Product market competition and financial default: Evidence from Italian private firms
No full textThis study investigates the relationship between product market competition and financial default in private firms and the moderating role of group affiliation in this relationship. The empirical research uses a sample of Italian firms and a multivariate regression approach. It augments Altman's default prediction model with three measures of competition: product market fluidity, HHI, and Li's (2010) measures of competition. It analyzes the in-sample and out-of-sample prediction abilities of models augmented by competition. The findings show that competition has a significant positive association with default, suggesting that the risk-increasing effect of competition prevails over the disciplinary effect. Interaction analysis provides evidence that group affiliation moderates the effect of competition on default. Group-affiliated private firms are less likely to default than non-group-affiliated firms at similar levels of competition, signaling a disciplinary effect channeled by group affiliation. Furthermore, we find that adding product market fluidity to Altman's model significantly increases its predictive ability. This study contributes to the literature on the financial outcomes of competition with evidence from private firms. This shows that group affiliation moderates the relationship between competition and defaults. This study also contributes to financial default studies with evidence that competition enhances default predictions. This study suggests that competition indicators might be used in financial distress early warning systems for private firms that the European Union is recently promoting
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Full text link“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Full text linkWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Full text linkWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
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