1,721,092 research outputs found
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
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
Rilievi interpretativi del concetto di successo per il fenotipo start-up e la sottostante funzione imprenditoriale del founder
No full textIl lavoro si sofferma sul concetto di successo aziendale a partire da una consapevole definizione del finalismo aziendale e quindi delle ragioni e degli obiettivi che l'azienda è chiamata a perseguire; un riferimento specifico viene fatto alle startup e al modello di business (e relativi presupposti etici) che deve delinearne l'avvio e lo sviluppo nel mercato. Spunti di riflessioni e suggerimenti di metriche di valutazione vengono desunti dal tipo delle benefit corporation
Il ruolo del Social Accounting alla luce degli SDGS: considerazioni teoriche e riflessioni critiche
No full textEstimating accruals models in Europe: industry-based approaches versus a data-driven approach
Full text linkAccruals models have been estimated using a variety of approaches,
but the industry-based cross-sectional approach currently seems
to be the standard method. This estimation approach cannot be
easily used in the vast majority of European countries where several
industry groups do not have sufficient yearly observations. Using
data from France, Germany, Italy and the UK, we artificially induce
earnings manipulations to investigate how the ability to detect those
manipulations through accruals models is affected by the use of
different industry classifications. Moreover, we propose an alternative
estimation approach based on a data-driven statistical procedure
that provides an optimal choice of estimation samples. Our analyses
show that enlarging the industry classification and/or pooling
observations across years reduces the probability of discovering
earnings manipulations but allows for the estimation of abnormal
accruals (AA) for more firms. The data-driven approach, however, in
most cases outperforms the industry-based estimation approaches
without sample attrition. This result suggests that there is still ample
room for improving the accruals model estimation process for capital
markets of European countries. Furthermore, the analysis documents
which accruals model outperforms the others in each of the four
countries and the probabilities to detect earning management in a
high variety of circumstances
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