296 research outputs found
Le iniziative a sostegno del credito alle micro, piccole e medie imprese: il ruolo dei confidi
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La comunicazione economico-finanziaria nelle PMI
No full textAlla comunicazione economica viene oggi riconosciuto, sempre più, un ruolo di primo piano, anche quando si prendano a riferimento le aziende di minore dimensione. Anche queste ultime, infatti, sono oggi esposte alle conseguenze della globalizzazione dei mercati e pure per esse la comunicazione economico-finanziaria assume rilievo non più marginale.
In un tale scenario, l’imposizione dei principi IAS/IFRS impone una riflessione sulla possibile estensione di questi anche alle altre imprese, o sulla convenienza di formulare nuove regole ad hoc per esse. Tanto al fine di scongiurare il rischio di creare situazioni di accounting standard overload o di un eccessivo divario fra documenti contabili redatti nel rispetto di diverse logiche.
Contribuisce, inoltre, a conferire rilievo alla problematica il recente Accordo di Basilea II, che subordina il finanziamento da parte delle banche alla sussistenza di buone condizioni economico/patrimoniali/finanziarie nelle aziende richiedenti denaro. Condizioni desumibili, ovviamente, prevalentemente da un bilancio economicamente significativo.
Rimane pur tuttavia innegabile, almeno fino a tempi recentissimi, la scarsa attenzione rivolta dal mondo contabile verso le problematiche proprie della comunicazione economica delle aziende minori. Da tanto l’esigenza di tale ricerca.
Attenta al dibattito internazionale, oltre che a quello italiano, essa mira allo studio della dimensione d’azienda (finalizzato al tentativo di formulare un suggerimento per la delimitazione dell’universo di quelle minori); all’analisi delle problematiche proprie della comunicazione economica nelle PMI
The impact of IFRS 9 and IFRS 7 on liquidity in banks: Theoretical aspects
No full textThe conviction that capital markets could always satisfy Liquidity needs of agents has been strongly questioned during recent years.One consequence has been the IASB introducing IFRS 9, as substitute of IAS 39, in order to improve mechanisms of classification and measurement of Financial Instruments, deemed as one of the main causes triggering the financial crisis.Despite the effort of the International Board to introduce provisions able to assure relevant and useful information for the assessment of the amounts, timing and uncertainty of the entity’s future cash flows, there are some critical points associated with those requirements focused in the paper.We first introduced concepts of Liquidity and of Liquidity Risk, instrumental to a critical study of IFRS 9 insides.We then enriched the analysis, investigating IFRS 7 contents (just for what regards disclosure on Liquidity Risk), looking for information that could overcome IFRS 9 limits. According to our conclusions, IASB should
think about the chance, among others, to pay more attention to the Business Model pattern and to behavioural liquidity characteristics associated to financial instruments.To sum up, the study aimed at analyse the impact of accounting rules on
liquidity in banks.As it is a topic poorly addressed, not only from the academic literature but also by professional bodies, it can be considered as an emerging field of research. This aspect can be considered as one of its strength points
Minorities’ Representativeness on the Board and their Effect on the Level of Compliance with the Italian RPTs Regulation
No full textThe definition and regulation of related-party transactions (RPTs) depend mainly on the conceptual framework underlying the interpretation of such a phenomenon. While the conflict of interests hypothesis focuses on opportunistic behaviours, the efficient transaction hypothesis suggests that RPTs lead to more efficient. In such a scenario, instead of providing opposite interpretations, the contingency hypothesis considers the potential risks and benefits associated with specific RPTs, i.e. other contextual factors and corporate governance mechanisms. Among the latter, independent directors, empowered by the majority of national legislations worldwide, should play a crucial role in spotlighting opportunistic behaviours to the detriment of minorities. However, in light of the many corporate scandals that have stressed the RPTs’ issues, practitioners and academics have questioned their effectiveness, especially in contexts characterized by high ownership concentration, while leaving room for the so-called minority directors, i.e. independent directors appointed by minority shareholders. On this matter, aiming to analyse the potential impact of minority directors on the level of procedural compliance for the RPTs’ implementation, this empirical study, based on a data set, shows that they represent a more effective tool for the full and strict adoption of the current RPTs regulation, while independent directors fail in their monitoring role and are ineffective in bolstering corporate transparency with regard to RPTs
Self - Dealing Among Convergence and Path - Dependency Opportunities: An Empirical Analysis of Regulatory From Six European Countries
No full textLa comunicazione economico-finanziaria delle P.M.I. secondo i professionisti contabili. Un'indagine empirica
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