89 results on '"m410"'
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2. Balancing short-term gains and long-term success in lodging: The role of customer satisfaction and price in hotel profitability model.
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Demydyuk, Ganna V and Carlbäck, Mats
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CUSTOMER satisfaction ,BUSINESS revenue ,PRICES ,FINANCIAL performance ,PROFITABILITY ,HOTEL management ,HOTEL chains ,ENDOGENOUS growth (Economics) - Abstract
This study examines the relationship between revenue and profit drivers and long-term financial performance in the hotel industry based on 17-years data (2004–2020) of six US hotel chains. The analysis creates, tests, and analyzes a cross-level model that examines the complex endogenous relationships, underlying long-term financial performance of hotels. Specifically, we examine the interaction of room price (ADR) and customer satisfaction (ACSI) within a sales-volume-driver framework that impacts financial performance through profitability, measured at both the operating and accounting levels. This study seeks to advance our understanding of these relationships, their characteristics, and their implications for long-term financial performance in the hotel industry. The findings reveal that customer satisfaction is more important than price in achieving long-term financial success in the hotel industry, whereas room nights sold is significant positive driver of all performance levels. [ABSTRACT FROM AUTHOR]
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- 2024
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3. How big data features drive financial accounting and firm sustainability in the energy industry
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Azzam, Mohsen Ebied Abdelghafar Younis, Alsayed, Marwa Saber Hamoda, Alsultan, Abdulaziz, and Hassanein, Ahmed
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- 2024
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4. Do independent directors and big-4 audit firms limit classification shifting: evidence from Indian firms
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Mulchandani, Kalyani and Mulchandani, Ketan
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- 2022
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5. Development of Accounting Support for Goods Subject to Traceability Requirements in Budgetary Institutions
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Kostyukova, Elena I., Dorokhova, Elena Yu., Belkina, Elena N., Ubushaeva, Bairta G., Pisello, Anna Laura, Editorial Board Member, Hawkes, Dean, Editorial Board Member, Bougdah, Hocine, Editorial Board Member, Rosso, Federica, Editorial Board Member, Abdalla, Hassan, Editorial Board Member, Boemi, Sofia-Natalia, Editorial Board Member, Mohareb, Nabil, Editorial Board Member, Mesbah Elkaffas, Saleh, Editorial Board Member, Bozonnet, Emmanuel, Editorial Board Member, Pignatta, Gloria, Editorial Board Member, Mahgoub, Yasser, Editorial Board Member, De Bonis, Luciano, Editorial Board Member, Kostopoulou, Stella, Editorial Board Member, Pradhan, Biswajeet, Editorial Board Member, Abdul Mannan, Md., Editorial Board Member, Alalouch, Chaham, Editorial Board Member, O. Gawad, Iman, Editorial Board Member, Nayyar, Anand, Editorial Board Member, Amer, Mourad, Series Editor, Bogoviz, Aleksei V., editor, and Popkova, Elena G., editor
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- 2022
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6. Assessment of Sustainable Development of Oil Companies
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Akhmetshina, Alsu R., Kaspina, Rosa G., Chistopolova, Zhanna A., Pisello, Anna Laura, Editorial Board Member, Hawkes, Dean, Editorial Board Member, Bougdah, Hocine, Editorial Board Member, Rosso, Federica, Editorial Board Member, Abdalla, Hassan, Editorial Board Member, Boemi, Sofia-Natalia, Editorial Board Member, Mohareb, Nabil, Editorial Board Member, Mesbah Elkaffas, Saleh, Editorial Board Member, Bozonnet, Emmanuel, Editorial Board Member, Pignatta, Gloria, Editorial Board Member, Mahgoub, Yasser, Editorial Board Member, De Bonis, Luciano, Editorial Board Member, Kostopoulou, Stella, Editorial Board Member, Pradhan, Biswajeet, Editorial Board Member, Abdul Mannan, Md., Editorial Board Member, Alalouch, Chaham, Editorial Board Member, O. Gawad, Iman, Editorial Board Member, Nayyar, Anand, Editorial Board Member, Amer, Mourad, Series Editor, Bogoviz, Aleksei V., editor, and Popkova, Elena G., editor
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- 2022
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7. Innovations in Accounting and Analytical Support in the Construction of Automated Integrated Systems
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Chernyavskaya, Svetlana A., Khodarinova, Nina V., Glushchenko, Tatyana E., Sheludko, Elena B., Anufrieva, Anna P., Kacprzyk, Janusz, Series Editor, Ostrovskaya, Victoria N., editor, and Bogoviz, Aleksei V., editor
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- 2022
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8. Food Subsystem: Innovative Technologies and Prospects for Rural Development
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Chernyavskaya, Svetlana A., Sidorenko, Taisiya N., Ovcharenko, Nadezhda A., Udovik, Elena E., Glushchenko, Tatiana E., Muthu, Subramanian Senthilkannan, Series Editor, Popkova, Elena G., editor, and Sergi, Bruno S., editor
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- 2022
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9. How relative performance information affects employee behavior: a systematic review of empirical research
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Schnieder, Christian
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- 2022
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10. The importance of management control systems for startup funding – empirical evidence from external financiers
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Schachel, Hanna, Lachmann, Maik, Endenich, Christoph, and Breucker, Oliver
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- 2021
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11. The Assurance of Sustainability Reporting: An Extra Fee or a Guarantee
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El-Rahman, Noha Abd, Pisello, Anna Laura, Editorial Board Member, Hawkes, Dean, Editorial Board Member, Bougdah, Hocine, Editorial Board Member, Rosso, Federica, Editorial Board Member, Abdalla, Hassan, Editorial Board Member, Boemi, Sofia-Natalia, Editorial Board Member, Mohareb, Nabil, Editorial Board Member, Mesbah Elkaffas, Saleh, Editorial Board Member, Bozonnet, Emmanuel, Editorial Board Member, Pignatta, Gloria, Editorial Board Member, Mahgoub, Yasser, Editorial Board Member, De Bonis, Luciano, Editorial Board Member, Kostopoulou, Stella, Editorial Board Member, Pradhan, Biswajeet, Editorial Board Member, Abdul Mannan, Md., Editorial Board Member, Alalouch, Chaham, Editorial Board Member, O. Gawad, Iman, Editorial Board Member, Nayyar, Anand, Editorial Board Member, Amer, Mourad, Series Editor, Mateev, Miroslav, editor, and Nightingale, Jennifer, editor
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- 2020
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12. The disclosure function of the U.S. patent system: evidence from the PTDL program and extreme snowfall
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Martens, Tim
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- 2023
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13. Associations between the financial and industry expertise of audit committee members and key audit matters within related audit reports
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Velte, Patrick
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- 2020
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14. The Negative Effect of Time Budget Pressure to Auditor Independence and Professional Skepticism
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Andi Ina Yustina and Stephanie Angelica Gonadi
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time budget pressure ,auditor independence ,professional skepticism ,auditor ,public accounting firm ,jel classification ,m410 ,m420 ,Accounting. Bookkeeping ,HF5601-5689 ,Finance ,HG1-9999 - Abstract
This research examines whether time budget pressure affect professional scepticism and if so, whether the affect is mediated by auditor independency. A web-based survey is used in deploying and delivering questionnaires to 163 auditors from big four and non-big four in Jakarta. The result shows that auditor independency (AI) is partially mediated the relationship between time budget pressure (TBP) and professional scepticism (PS). Which means, external auditor in Jakarta who experiencing high time pressure will tend to decrease their independency and resulted a low scepticism. Seeing this result, this study suggests by increasing number of audit team member, set the number of minimum supporting evidence and having supervisor to monitor auditor’s job, will help to minimize the negative effect of time pressure.
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- 2019
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15. Caracterización de los marcos técnicos normativos contables y financieros de las sociedades comerciales, en Santiago de Cali, a diciembre 31 de 2016
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Ximena Sánchez Mayorga, Bibiana Rendón Álvarez, and Edilberto Montaño Orozco
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clasificación empresas ,empleabilidad ,grupos de aplicación ,marcos técnicos normativos contables ,tasa de supervivencia ,clasificación jel ,m100 ,m400 ,m410 ,m480 ,Social sciences (General) ,H1-99 - Abstract
El objetivo principal fue caracterizar los marcos técnicos normativos contables de estas organizaciones bajo la aplicación de la Ley 1314 de 2009, el Decreto 2420 de 2015 y sus modificatorios. Se muestra el ámbito de aplicación de estas sociedades, respecto a las normas técnicas contables y financieras. En la metodología, se empleó el estudio exploratorio, aplicando los parámetros de clasificación del Decreto 2420 de 2015, de la Ley 1314 de 2009. Entre los hallazgos están: el 1% de las sociedades comerciales está catalogada en el Grupo 1, las cuales aplican Normas de Contabilidad y de Información Financiera (NCIF); 39,96% está en el Grupo 2 y aplica las Normas de Información Financiera para PYMES; 59,03% está en el Grupo 3, con el modelo de contabilidad renuncia simplificada, designado para las microempresas.
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- 2019
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16. Determinant of love of money and organization ethics environment implication to earnings management behavioural perceives
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Wany Eva, Yuliarini Sarah, and Karjati Pratiwi Dwi
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Love of Money ,Organizational Ethical environment ,Earnings Management ,M490 ,M1 ,M410 ,Social sciences (General) ,H1-99 - Abstract
This study which aims to test the effects of love of money and the ethical environment of the organization on perception of earnings management behavior with 2x2 factorial experimental research with quasi experiment design. Data collection techniques that used in this study was questionnaire and distributed to participants in university. The result showed that, there are differences among individuals in who has a high levels of love of money and a low levels of love of money in perception of earnings management behavior; and there are differences between a company’s condition that has a high internal control elements (organizational ethical environment) and in company condition where there is no internal control elements (organizational ethical environment) is low in perception of earnings management behavior; and there are interaction between love of money and ethical environment of the organization on perception of earnings management behavior.
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- 2018
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17. Consideraciones sobre la naturaleza del capital social en las sociedades cooperativas del trabajo asociado
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Martín López, Sonia, Lejarriaga Pérez de las Vacas, Gustavo, Iturrioz del Campo, Javier, Martín López, Sonia, Lejarriaga Pérez de las Vacas, Gustavo, and Iturrioz del Campo, Javier
- Abstract
Las Normas Internacionales de Contabilidad (NIC), actualmente denominadas Normas Internacionales de Información Financiera (NIIF), han clasificado al capital social de la sociedad cooperativa como recurso ajeno, al tratarse de un pasivo exigible por estar sujeto a “cancelación o devolución”, cuando el socio decida causar baja de la misma. Esto ha reabierto el debate en el mundo cooperativo entre los defensores y los opositores a dicha clasificación. El principal argumento en contra de esta consideración es que, se considera que se puede poner en peligro la subsistencia y viabilidad económica de la sociedad al presentar una imagen ante terceros que no ofrece garantías suficientes. No obstante, la CINIIF 2 deja una puerta abierta para considerar la totalidad del capital social, o una parte del mismo, como recurso propio siempre que la cooperativa posea el derecho incondicional o parcial a rechazar el rescate de las aportaciones realizadas por los socios. En este estudio se realiza un análisis del capital social en las sociedades cooperativas de trabajo asociado teniendo en cuenta las implicaciones de considerar al capital social como un recurso ajeno o como un recurso propio. En este último caso, tendría lugar una aproximación aún mayor entre la figura de la sociedad cooperativa de trabajo asociado y la sociedad laboral., The International Accounting Standards (IAS), nowadays International Financial Reporting Standards (IFRS), have classified the shareholders’ equity of the cooperatives as a liability, for being subject to " cancellation or return ", when the partner decides to resign from the cooperative. This has reopened the debate in the cooperative world among the defenders and the opponents for the above mentioned consideration. The principal argument in opposition to this consideration is that it is possible to put in danger the subsistence and economic viability of the society, because its image does not offer enough guarantees. Nevertheless the CINIIF 2 explains that all of the shareholders’ equity, or a part, could be consider as an own resource providing that the cooperative should possess the unconditional or partial right to reject the rescue of the contributions realized by the partners. In this study, an analysis of the shareholders’ equity is realized in the associated labour cooperatives taking into account the implications of the different classifications. If the shareholders’ equity is an own resource then, a still major approximation would take place between the figure of the associated labour cooperative and the employeeowned company., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
18. Los procesos concursales en situación de crisis: características de su aplicación a las sociedades cooperativas
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Iturrioz del Campo, Javier and Iturrioz del Campo, Javier
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Nº 100 - Extraordinario 2010 MONOGRÁFICO: La respuesta de la Economía Social ante una crisis global, Los concursos de acreedores son procesos para proceder a la solución de situaciones de insolvencia, tanto en casos en los que se produce la continuidad futura de la empresa como en aquellos en los que su situación económico financiera aconseje su disolución. El procedimiento concursal está formado por una serie de fases en las que la información financiera juega un papel fundamental para determinar el valor de los activos con los que cuenta la empresa y el volumen de deudas que tiene que asumir. La aplicación de este proceso a las sociedades cooperativas tiene una serie de implicaciones que afectan a aspectos como la variabilidad de su capital social, o la participación de los socios en los flujos económico financieros que suponen un tratamiento diferenciado., Meeting of creditors are processes to solve insolvency situations, so much in cases in which the future continuity of the company takes place like in those in which its financial economic situation advises its dissolution. The concursal procedure is formed by a series of phases in which the financial information plays a fundamental role to determine the value of the assets with which it counts the company and the volume of debts that it must assume. The application of this process to the cooperative societies has a series of implications that affect to aspects like the variability of their share capital, or the participation of the members in the economic and financial flows that suppose a differentiated treatment., Les concours de créanciers sont processus pour procéder à la solution de situations d'insolvabilité, tant dans les cas dans lesquels se produit la continuité future de l'entreprise comme dans ceux dans lesquels sa situation économique financière conseille son dissolution. Le procédé de concours est formé par une série de phases dans lesquelles l'information financière joue un papier fondamental pour déterminer la valeur des actifs dont dispose l'entreprise et le volume de dettes qu'il a à assumer. L'application de ce processus a une série d'implications qu'ils touchent des aspects comme la variabilité de sa capitale social, ou la participation des associés dans les flux économique des financiers qui supposent un traitement différencié envers les sociétés coopératives., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
19. Las sociedades cooperativas de trabajo en la ciudad de Madrid
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Gómez Aparicio, Pilar, Miranda García, Marta, Gómez Aparicio, Pilar, and Miranda García, Marta
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Las sociedades cooperativas de trabajo, junto a las sociedades laborales son las empresas de participación de trabajo asociado por excelencia. Son formas jurídicas empresariales muy arraigadas en el tejido productivo del municipio de Madrid, contribuyendo al desarrollo del territorio en el que actúan. En el presente trabajo se pretende analizar su contribución a la creación de puestos de trabajo en la ciudad de Madrid así como hacer un diagnóstico empresarial de sus características, debilidades, fortalezas, amenazas y oportunidades., Depto. de Administración Financiera y Contabilidad, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
20. La inseguridad jurídica para los acreedores de las sociedades anónimas laborales ante el Real Decreto Ley 10/2008 de 12 de Diciembre: Mención a las sociedades constructoras y promotoras
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Benito Hernández, Sonia, Zúñiga Durán, María Olga, Benito Hernández, Sonia, and Zúñiga Durán, María Olga
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Este trabajo pretende hacer un análisis sistemático de la normativa contable, así como una interpretación de la norma excepcional en base al conocimiento del concepto de patrimonio neto en relación a la Ley 16/2007 de 4 de Julio y al reciente Real Decreto Ley 10/2008 de 2 de diciembre, por el que se adoptan medidas financieras para la mejora de la liquidez de las pequeñas y medianas empresas y otras medidas económicas complementarias, provocando alteraciones en el régimen jurídico de la disolución obligatoria por pérdidas (Art. 163.1 de la LSA) y de las causas de disolución por pérdidas graves (Art 260.4 de la LSA). Este estudio hace especial referencia a las sociedades anónimas laborales constructoras y promotoras, sector fuertemente afectado por la crisis económica actual., This study attempts a systematic analysis of the regulations, as well as a unique interpretation of the rule based on knowledge, the concept of equity in relation to the Law 16/2007 of July 4 and the recent Royal Decree Law 10 / December 2 of 2008 on the adoption of financial measures to improve the liquidity of small and medium enterprises and other economic measures up, causing alterations in the legal framework for compulsory winding losses (Art. 163.1 of the LSA) and causes serious losses of dissolution (Art. 260.4 of the LSA). This study makes specific reference to joint stock industrial builders and promoters, a sector strongly affected by the current economic crisis., Ce travail cherche à faire une analyse systématique de la réglementation racontable, ainsi qu'une interprétation de la norme exceptionnelle à coups de la connaissance du concept de patrimoine net dans une relation à la Loi 16/2007 du 4 juillet et au Décret royal récent la Loi 10/2008 du 2 décembre, par lequel des mesures financières sont adoptées pour l'amélioration de la liquidité des petites entreprises moyennes et d'autres mesures économiques complémentaires, en provoquant des altérations dans le régime juridique de la dissolution obligatoire par les pertes (Art. 163.1 de la LSA) et des causes de dissolution par de graves pertes (Art 260.4 de la LSA). l'Est une étude fait une référence spéciale aux sociétés anonymes de travail constructrices et aux promotrices, au secteur fort affecté par la crise économique actuelle., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
21. Diferentes consideraciones en torno al capital social de las sociedades cooperativas
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Fernández Guadaño, Josefina and Fernández Guadaño, Josefina
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En este trabajo se analizan las distintas consideraciones en torno a la clasificación del Capital Social de la sociedad cooperativa, puesto que, hay posturas encontradas en cuanto a su calificación. En concreto, se estudian el criterio jurídico en el ámbito europeo, nacional y autonómico; el criterio contable nacional e internacional; y el criterio económico-financiero. Todo ello en orden a tratar de superar las discrepancias y plantear el reembolso parcial de las aportaciones de los socios a Capital Social como una alternativa que trata de garantizar el carácter de Patrimonio Neto de la parte no exigible de esas aportaciones sociales con el cumplimiento parcial del principio cooperativo de puertas abiertas de salida., There has been on-going debate concerning the classification of the Social Capital of cooperative societies. This paper analyzes the different views on important areas of such classification. Particularly, it reviews the juridical approach in the European, national and autonomous environments; the national and international accounting methods; and the economic-financial approach. The goal is to overcome the existing discrepancies and to propose the partial refund of the partners' contributions to Social Capital as a solution that attempts to guarantee the "Net Patrimony" nature of the non-mandatory portion of those social contributions, along with partially following the "open exit doors" cooperative principle., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
22. La caracterización financiera y contable del capital social a la luz de los principios cooperativos
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Gómez Aparicio, Pilar, Miranda García, Marta, Gómez Aparicio, Pilar, and Miranda García, Marta
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Las denominadas Normas Internacionales de Contabilidad han reabierto el debate sobre la consideración financiera de las aportaciones de los socios de las sociedades cooperativas. El concepto de capital social va unido a la dimensión jurídica del mismo. Para caracterizar el capital social de las sociedades cooperativas como Patrimonio neto o como pasivo financiero es preciso hacer explícito el enfoque (jurídico, económico, financiero) y el criterio utilizado, dado que varios son los posibles. Aunque en la mayoría de los casos los criterios económicos y jurídicos coinciden, no siempre es así. Las características financieras del capital social son las que establece la legislación española en la actualidad pero no son derivadas directamente de los principios cooperativos. Es posible que las leyes permitan una configuración distinta sin atentar contra ellos. Se debe permitir aprovechar, sin más limitaciones que la voluntad de sus socios, las oportunidades que el sistema económico ofrece al resto de las sociedades., The International Financial Reporting Standars have re-opened the discussion on the financial consideration of the contributions of the partners of the cooperative societies. The concept of share capital is joined to the juridical dimension of the same one. To characterize the share capital of the cooperative societies as equity or as debt it is necessary to make explicit the approach (juridical, economic, financial) and the used criterion, provided that several are the possible ones. Though with the majority of the cases the economic and juridical criteria coincide, not always it is like that. The financial characteristics of the share capital are those that the Spanish legislation establishes at present but they are not derived directly of the cooperative principles. It is possible that the laws allow a different configuration without committing an outrage against them. It is necessary to to allow to take advantage, ado limitations that the will of his associates, the opportunities that the economic system offers the rest of the societies., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
23. El capital social cooperativo en Derecho español y su armonización con las Normas Internacionales de Contabilidad
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Paniagua Zurera, Manuel and Paniagua Zurera, Manuel
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La variabilidad del capital social es el instrumento técnico empleado por el Derecho cooperativo, nacional y comunitario, para dar cumplimiento al principio cooperativo de libre adhesión y baja voluntaria. Progresivamente, el régimen del capital social cooperativo ha incorporado reglas y técnicas de las sociedades mercantiles de capital. La norma interpretativa CINIIF 2, y la propia NIC 32, desconocen las singularidades del modelo de organización empresarial cooperativo, pues están diseñadas para las sociedades anónimas cotizadas o, al menos, para las que emiten valores negociables; e ignoran la aludida evolución en el régimen legal del capital social cooperativo. No obstante, las sociedades cooperativas no pueden quedar al margen de las Normas internacionales de contabilidad. La propia NIC 32 aporta el instrumento apropiado para calificar las aportaciones sociales cooperativas: los instrumentos financieros compuestos. Pero, el estudio de la inminente reforma del capital social cooperativo en la Ley estatal de cooperativas ponen de manifiesto precipitación y una recepción, acrítica, de las referidas Normas internacionales de contabilidad., The variability of share capital is the technical instrument used by cooperative, national and Community law to achieve the fulfilment of the cooperative principle of voluntary adhesion and voluntary withdrawal. Progressively, the regime of cooperative share capital has added rules and techniques of business corporations. The interpretative standard IFRIC 2, and the IAS 32 itself, do not know the singularities of the co-operative model of business organization, as they are designed for limited corporations or, at least, for those that issue quoted securities; and they ignore the referred evolution in the legal regime of the cooperative share capital. Nevertheless, cooperative societies can not be left aside of the international accounting standards. The IAS 32 itself provides the appropriate instrument to qualify the cooperative shares: compound financial instruments. But, research of the imminent reform of cooperative share capital in the State Law of Cooperatives reveals rush and non critical reception of the mentioned international accounting standards., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
24. Transformación de una sociedad cooperativa de trabajo asociado en una sociedad laboral. Especial referencia a los fondos de reserva indisponibles
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García Ruiz, Encarnación and García Ruiz, Encarnación
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Nº Monográfico: Integración cooperativa y reestructuraciones socialmente responsables., En este trabajo intentamos justificar que en el caso de transformación de una sociedad cooperativa de trabajo asociado en una sociedad laboral, se admita legalmente excepcionar el destino de los fondos indisponibles y se permita aportarlos al patrimonio de la laboral, sobre la base de que ambas son sociedades de economía social, participadas y controladas por los trabajadores, gestionadas democráticamente, aunque una sea de base mutualista y, la otra, una sociedad de capital, cuyos regímenes legales son bien distintos, pero ambas, son sociedades de trabajo asociado, con un fuerte carácter intuitu personae que les acerca a los fines sociales propuestos, independientemente de su forma jurídica. Por lo que su transformación supone más una alteración en la estructura patrimonial de la sociedad que en la estructura personal, dado que la misma persona jurídica, seguramente con todos los socios o con la mayoría de ellos, continuarán el mismo proyecto empresarial, aunque bajo otra forma jurídica de muy parecida naturaleza. A lo que se une que ambas tienen la encomienda por la Ley de Economía Social de preservar y difundir este sector económico y social. En definitiva, estaríamos ante una gestión continuada de los fondos bajo otra estructura jurídica., In this paper it will be tried to justify that in the case of transformation of an associated work cooperative into a labour company, to except the destination of the unavailable funds should be legally admitted and it should be allowed to contribute to the patrimony of the labour company, on the basis that both are social economy societies, owned and controlled by workers, democratically managed, although one of them has a mutualist base, and the other one is a capital company, whose legal regimes are very different, but both are associated work societies, with a strong intuition personae character that brings them closer to the proposed social goals, regardless of their legal form. So its transformation is more an alteration in the patrimonial structure than in the personal structure of the company, since the same legal person, with all the members or with most of them, continues the same business project, although in another legal form of very similar nature. Besides to preserve and spread this economic and social sector was entrusted to both of them by the Social Economy Act. To sum up it would be a continued management of funds under another legal structure., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
25. La revelación social en sociedades cooperativas: una visión comparativa de las herramientas mas utilizadas en la actualidad
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Castilla Polo, Francisca, Gallardo Vázquez, Dolores, Castilla Polo, Francisca, and Gallardo Vázquez, Dolores
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En el terreno de la Responsabilidad Social (RS) las sociedades cooperativas parten de una situación de ventaja frente al resto de las empresas. El paralelismo de los principios y valores cooperativos y el concepto de RS, nos lleva a plantear peculiaridades de este tipo de actuación social en cooperativas, la llamada RSCoop. Nos centraremos en ella pero de forma más específica el trabajo se orienta a la revelación social o comunicación de la dimensión social de estas empresas para analizar tanto el fondo o justificación de su razón de ser como la forma de llevarla a la práctica. Especialmente revisaremos los esquemas o modelos de informes más utilizados, analizando tanto aquellos que pueden catalogarse como pioneros, el Balance Cooperativo, como los más recientes o actuales, RSE COOP y la Guía Global Reporting Initiative de la Economía Social., In the area of Social Responsibility (SR) cooperative societies are based on an advantage against other companies. The parallelism of cooperatives principles and values and the concept SR, leads us to consider features of this type of social action such as cooperatives, the SRCoop. We will focus on it but more specifically in social disclosure or communication of the social dimension of theses companies to discuss both the substance or justification for its being reason as how to implement it. We will especially review the diagrams and models of most commonly used reports, analyzing both those can be classified as pioneers, the Cooperative Balance, as the most recent or current, ESR COOP and the Global Reporting Initiative Social Economy., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
26. Los previsibles efectos de la NIC 32 en el sector cooperativo
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Vargas Vasserot, Carlos and Vargas Vasserot, Carlos
- Abstract
De la NIC 32 se desprende que las aportaciones de los socios al capital se reconocerán como patrimonio neto sólo si la cooperativa tiene un derecho incondicional a rehusar su reembolso. Lo que ocurre es que nuestro ordenamiento cooperativo, en aras de proteger al máximo al socio, incluso frente al riesgo de amenazar la estabilidad de la cooperativa, históricamente ha reconocido un derecho cuasi absoluto al reembolso de sus aportaciones, que la cooperativa tiene que atender aunque esto signifique tener que reducir el capital estatutario o incluso la disolución de la misma. Esto, tal como está en nuestra legislación cooperativa reconocido el derecho al reembolso de las aportaciones del socio, que aunque es posible someterlo a una serie de limitaciones impuestas temporales e incluso cuantitativa, no se puede impedir su ejercicio, significa que todas las aportaciones al capital social de las cooperativas que hayan hecho o que hagan los socios deberán ser calificados a efectos contables como pasivos exigibles y no como hasta ahora como recursos propios. Por tanto, en el ordenamiento cooperativo español, si se quiere evitar que todas las aportaciones de los socios al capital cooperativo sean consideradas recursos ajenos, es necesario realizar una serie de modificaciones legales en la articulación del derecho de reembolso y en el propio régimen del capital social. En el presente estudio se abordará la proyectada reforma de la Ley 27/1999 de Cooperativas para adaptarse al contenido de la NIC 32 y se estudiarán cuáles son las consecuencias de calificar contablemente las aportaciones sociales de los socios como recursos ajenos y no como neto patrimonial como hasta ahora habíamos hecho., According the IAS 32 co-operative social shares will no longer be considered as elements of capital. They will be recognised as net worth just if the co-operative has an unconditional right to reject its redemption. However, in order to protect to members, even facing the risk of threatening the co-operaqtive stability, our co-operative legislation has historically recognised a quasi-absolute right of redemption of social shares that co-operatives are compeled to attend, although that means the obligation of reducing the social capital or the co-operative liquidation. According to our co-operative rules, the entitlement to repayment of the social shares cannot be obtructed, although it is possible to submit it to certain temporary and cuantitative limitations. So that, the new regulation on IAS 32 means all the social shares must be considered as liabilities in accountancy. Therfore, the Spanish co-operative legislation must be modified about the entitlment to repayment and the capital stock regime so as to consider the social shares of cooperative’s members as debt instrument. This paper will tackle the planned reform on the Spanish Law 27/1999 of Co-operatives to be adapted to the IAS 32 and will study the consequences of considering social shares as intruments and not as net worth., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
27. La adaptación de las sociedades cooperativas al nuevo plan general contable: análisis de las principales implicaciones económicas y financieras
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Iturrioz del Campo, Javier, Martín López, Sonia, Iturrioz del Campo, Javier, and Martín López, Sonia
- Abstract
La aprobación de la Ley 16/2007, de reforma y adaptación de la legislación mercantil en materia contable en España, así como del Plan General de Contabilidad, y del Plan General de Contabilidad para Pequeñas y Medianas Empresas, han permitido la incorporación de los nuevos criterios contables recogidos en la Normas Internacionales de Información Financiera (NIIF) para dar respuesta al objetivo marcado desde la Unión Europa de favorecer la comparación de los estados contables elaborados en los distintos estados miembros, para contribuir así a incrementar la transparencia de los mercados en un entorno económico cada vez más global e internacional. No obstante, en el caso de las sociedades cooperativas, todavía está pendiente de publicación la correspondiente norma sectorial. Por ello, a lo largo de este trabajo se pretende analizar las implicaciones que tienen en las sociedades cooperativas tanto las novedades contables ya publicadas como los aspectos que deben ser fijados en la citada regulación sectorial atendiendo a sus características especiales., The Law 16/2007, of reform and adjustment of the mercantile legislation about accounting in Spain, as well as of the General Plan of Accounting, and of the General Plan of Accounting for Small and Medium Companies, they have allowed the incorporation of the new accounting criteria gathered in International Financial Reporting Standards (IFRS) to give response to the aim marked from the European Union of favouring the comparison of the accounting forms elaborated in the different member states, to help to increase this way the transparency of the markets in an economic environment increasingly globally and internationally. Nevertheless, in case of the cooperative societies, the sectorial normative has not been published. This work centres on the analysis of the implications that have in the cooperative societies so much the accounting innovations already published as the aspects that must be fixed in the mentioned sectorial regulation attending to their special characteristics., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
28. Efectos de la aplicación de la CINIIF 2 en las cooperativas. Un estudio empírico en dos cooperativas citrícolas de la Comunidad Valenciana a través del análisis económico – financiero
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Marí Vidal, Sergio and Marí Vidal, Sergio
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El presente trabajo pretende analizar el efecto económico - financiero que en las cooperativas va a tener la aplicación de la Interpretación del Comité de Interpretaciones de las Normas Internacionales de Información Financiera relacionada con las "aportaciones de socios de entidades cooperativas e instrumentos similares" (en adelante CINIIF 2). La consideración de exigible, salvo en determinadas circunstancias, que esta interpretación da al capital social de las cooperativas, es un cambio radical respecto al tratamiento como fondo propio que hasta la fecha se le venía dando al mismo en las diferentes normativas contables que han estado vigentes en España. Y en este sentido, aunque debamos reconocer el debate académico que viene existiendo desde hace no pocos años en relación con la consideración patrimonial del capital social, lo cierto es que el cambio normativo se produce ahora, y por ello las consecuencias del mismo surgirán a partir de la aplicación de esta nueva normativa. Por ello, pretendemos cuantificar mediante el método del caso, el efecto de este cambio en el valor de algunos de los principales ratios utilizados en el análisis económico - financiero. Como conclusión podemos afirmar que en general se produce una variación importante de los ratios estudiados, si bien su cuantía depende del nivel de capitalización inicial de la cooperativa., The present paper pretends to analyze the financial and economic effect that the application of the Interpretation of the International Financial Reporting Interpretations Committee about Members' Shares in Co-operative Entities and Similar Instruments could have in co-operatives. This Interpretation states that shares should be classified as financial liabilities in most cases. In the treatment that the different accounting regulations that have been current until now was completely different. Shares were considered as equity. In this sense, it's true that this problem has been discussed during last years between spanish investigators, but the legal change is now, so the consequences will appear from now on. Because of this, we pretend to quantify, using the method case, the effect that this legal change could have in the main ratios used on the economic and financial analysis. As a conclusion, we can affirm that an important variation is observed, but the amount of it depends on the initial level of equity in the co-operative., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
29. El capital social en las sociedades cooperativas. Las normas sobre los aspectos contables de las sociedades cooperativas a la luz de los principios cooperativos
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Gómez Aparicio, Pilar and Gómez Aparicio, Pilar
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Los principios cooperativos tienen un alto contenido económico y marcan particularidades en la estructura financiera y en la generación y reparto del excedente. La diferencia concreta en España entre sociedades cooperativas y de capitales procede de la diferente normativa y las distintas leyes que han influido en el régimen económico de estas sociedades. La aparición de las Normas sobre los aspectos contables de las sociedades cooperativas tienen incidencia directa sobre régimen económico de las sociedades cooperativas y caracteriza contablemente la composición de los recursos propios y del capital social. El presente artículo plantea una valoración de la naturaleza específica del capital social en las sociedades cooperativas a la luz de los principios cooperativos y su caracterización por la futura norma contable., Co-operative principles have a strong economic content and fix peculiarities in the financial structure and generation and sharing of a surplus. In Spain the specific difference between cooperatives and capitalist companies derives from the different rules and laws which have influenced the economic regime of these companies. The appearance of the Rules on accounting aspects of co-operative societies has a direct influence on the economic regime of co-operatives and fixes the accounted composition of shareholder funds and share capital. This paper proposes an evaluation of the specific nature of share capital in cooperative societies in the light of co-operative principles and their definition by the future accounting rules, Les principes coopératifs sont d'une forte teneur économique et établissent des particularités dans la structure financière et dans la génération et distribution de l'excédent. En Espagne, la différence entre sociétés coopératives et sociétés de capitaux provient de la réglementation différente et des lois distinctes qui ont influé sur le régime économique de ces sociétés. L'apparition des Règles sur la comptabilité des sociétés coopératives a une incidence directe sur le régime économique des sociétés coopératives et caractérise, d'un point de vue comptable, la composition des ressources propres et du capital social. Cet article propose une évaluation de la nature spécifique du capital social dans les sociétés coopératives à la lumière des principes coopératifs et de leur définition par la future règle comptable., Depto. de Administración Financiera y Contabilidad, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
30. El capital relacional de las cooperativas de crédito en España: un estudio cualitativo de sus intangibles sociales mediante el análisis Delphi
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Seguí-Mas, Elies, Server Izquierdo, Ricardo J., Seguí-Mas, Elies, and Server Izquierdo, Ricardo J.
- Abstract
Este trabajo se enmarca dentro del Proyecto DER2008-03475 "Pérdidas, disolución e insolvencia en la sociedad cooperativa", financiado por el Ministerio de Ciencia e Innovación (IV Plan Nacional de Investigación Científica, Desarrollo e Innovación Tecnológica 2008-2011)., Especialmente en el caso de las cajas de ahorro, el capital social ha sido recurrentemente utilizado para explicar la aportación que ciertas entidades bancarias realizan al desarrollo económico y social de sus territorios de actuación. Las cooperativas de crédito, como organizaciones singulares en nuestro sistema financiero, poseen unos intangibles de características particulares. Así, la reputación corporativa, las relaciones sociales, con la administración o con los medios de comunicación y el ejercicio de la responsabilidad social les confieren unas características específicas y unos rasgos concretos que merecen ser estudiados. Mediante el análisis Delphi, este trabajo trata de identificar las singularidades del capital social de estas entidades, donde destacan –como fortalezas- una gran proximidad y la participación del socio y -como debilidad- la reputación de estas entidades. Los intangibles sociales cuentan con una importante valoración en las cooperativas de crédito, especialmente el ejercicio de la responsabilidad social (un claro síntoma del compromiso de estas entidades). La potenciación del capital social de las cooperativas pasa por amplificar la política de comunicación, especialmente por lo que se refiere al uso del Fondo de Educación y Promoción Cooperativa (FEPC). En este sentido, el camino emprendido por las cajas de ahorro, resulta un ejemplo a seguir., Social Capital has constantly been used to explain the beneficial impact that some banking companies have on the economic and social development, especially for saving banks. Credit cooperatives, which are singular in our financial system, posses certain assets with their own features. Thus, corporate reputation, social relationships, interaction with public administration and media, and performance in social responsibility shape credit unions in such a way that it is worth to be studied. By means of Delphi analysis this work identifies the singularities of social capital in credit cooperatives. Among these specialties are remarkable the proximity and members’ participation (strength) and their reputation (weakness). Intangible social assets stand for a high value in credit cooperatives, especially with regard to the social responsibility (showing the strong commitment of these firms). In order to foster social capital in credit unions it is key to enhance communication policy, especially regarding the Education Fund. According to this argument, the saving banks' strategy could be considered as an example for the cooperative sector., Spécialement dans le cas des boîtes d'épargne, le capital social a été recurrentemente utilisé pour expliquer l'apport que des certains établissements bancaires réalisent le développement économique et social de ses territoires de comportement. Les coopératives de crédit, comme organisations singulières dans notre système financier, possèdent les uns intangibles des caractéristiques particulières. Ainsi, la réputation corporative, les relations sociales, avec l'administration ou avec les médias et l'exercice de la responsabilité sociale ils leur confèrent quelques caractéristiques spécifiques et quelques traits concrets qui sont méritants d'être étudiés. Grâce à l'analyse Delphi, ce travail essaie d'identifier les singularités du capital social de ces organismes, où ils détachent – comme forces - une grande proximité et la participation de l'associé et - comme faiblesse - la réputation de ces organismes. Les sociaux intangibles disposent d'une évaluation importante dans les coopératives de crédit, spécialement l'exercice de la responsabilité sociale (un clair symptôme du compromis de ces organismes). L'élévation du capital social des coopératives passe pour amplifier la politique de communication, spécialement par ce qu'il se réfère à l'usage du Fonds d'Éducation et de Promotion Coopérative (FEPC). Dans ce sens, le chemin entrepris par les boîtes d'épargne, résulte un exemple suivant., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
31. Aplicación de la Orden EHA/3360/2010 sobre aspectos contables de las cooperativas: efectos en los fondos propios de las cooperativas de la Comunidad Autónima del País Vasco
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Zubiaurre Artolo, Miguel Ángel, Andicoechea Orondo, Lorena, Saitua Iribar, Ainhoa, Zubiaurre Artolo, Miguel Ángel, Andicoechea Orondo, Lorena, and Saitua Iribar, Ainhoa
- Abstract
El objetivo de este trabajo es estudiar el impacto que ha supuesto sobre los fondos propios de las cooperativas de trabajo asociado de la Comunidad Autónoma del País Vasco la aplicación del nuevo marco normativo contable, consecuencia de la entrada en vigor de la Orden EHA/3360/2010, Normas sobre aspectos contables de las sociedades cooperativas. Por un lado, se analizan las diferentes medidas acordadas en las asambleas de las cooperativas a fin de proteger la consideración como patrimonio neto del capital cooperativo y otros fondos recuperables por los socios en caso de baja. Por otro lado, se ha estudiado el efecto que el cambio normativo ha tenido sobre las variables centrales del patrimonio neto y sobre los ratios financieros de solvencia de este tipo de sociedades. Para ello se analizan tanto cooperativas de trabajo asociado de más de 50 empleados, como las cooperativas de enseñanza de mayor tamaño y el caso específico de Eroski, por ser uno de los más relevantes socialmente en el ámbito de la CAPV. La aplicación del cambio normativo no ha tenido un impacto relevante sobre los fondos propios de la mayoría de las cooperativas de trabajo asociado con más de 50 empleados de Euskadi, fundamentalmente, porque las cooperativas han optado por cambiar sus condiciones estatutarias a fin de protegerse del efecto de la aplicación del nuevo marco normativo contable. Sin embargo, hemos constatado que las cooperativas que no han adaptado su marco estatutario a las exigencias de la nueva regulación se han visto forzadas a realizar reclasificaciones de fondos propios a pasivo, que han tenido un impacto patrimonial muy relevante., The aim of this work is to study the effects that the implementation of a new accounting regulatory framework, which involved the application of the IAS 32, has caused on the equity of worker cooperatives in the Basque Country. On the one hand, we have analyzed different decisions that cooperatives have adopted in their assemblies to protect the consideration as equity of members´ shares and others funds that are recoverable by members when they leave the cooperative. Furthermore, we have studied the effect that the accounting policy change has on the core variables of equity and in financial solvency ratios of these companies. According to our results, the accounting policy change did not have a significant impact on the equity of most worker cooperatives of Basque Country, mainly due to the fact, they have opted to change their statutory rules in order to protect cooperative´s equity from the new accounting framework. However, we have found that the cooperatives have not adapted their statutes have been forced to make reclassifications from equity to liability, which have entailed a very significant impact on equity., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
32. Caracterización del Business capital de las cooperativas de crédito a través del análisis Delphi
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Seguí-Mas, Elies, Server Izquierdo, Ricardo J., Seguí-Mas, Elies, and Server Izquierdo, Ricardo J.
- Abstract
Las cooperativas de crédito, organizaciones singulares en nuestro sistema financiero, poseen intangibles de características particulares. Así, los valores de la cooperativa y de sus miembros, la estructuración del capital, las actitudes del personal o su proximidad a los clientes de su ámbito operativo les confieren unas características específicas que merecen ser estudiadas para gestionar sus ventajas competitivas y ofrecer información relevante para la toma de decisiones. Mediante el análisis Delphi, este trabajo trata de identificar las singularidades del business capital de estas entidades. Las singularidades del sector cooperativo de crédito muestran que dentro de los intangibles relacionales éstas entidades tienen debilidades significativas en aquellos más ligados al negocio bancario. El business capital representa el conjunto de intangibles críticos en el negocio financiero y -por ello- las cooperativas de crédito necesitan desarrollar políticas que permitan corregir sus debilidades y competir en la exigente industria bancaria actual., Business Capital has constantly been used to explain the beneficial impact that some banking companies have on the economic development. Credit cooperatives, which are singular in our financial system, posses certain assets with their own features. Thus, corporate reputation, social relationships and interaction with public administration and media shape credit unions in such a way that it is worth to be studied. By means of Delphi analysis this work identifies the singularities of business capital in credit cooperatives. Among these specialties are remarkable the proximity and members’ participation (strength) and their reputation (weakness). Intangible business assets stand for a high value in credit cooperatives, especially with regard to the proximity. In order to foster business capital in credit cooperatives it is key to enhance their financial services and alliance policy., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
33. Adaptación de la Ley de Cooperativas del País Vasco a las Normas Internacionales de Contabilidad (apuntes para una nueva configuración del régimen del capital en las Sociedades Cooperativas)
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Divar Garteiz-Aurrecoa, Javier, Gadea Soles, Enrique, Divar Garteiz-Aurrecoa, Javier, and Gadea Soles, Enrique
- Abstract
La Legislación vasca de cooperativas remite a la libre decisión de cada sociedad para que los estatutos puedan prever la existencia de aportaciones a capital social no exigibles, pero reembolsables por decisión de la cooperativa, permitiendo, así, contabilizar las aportaciones de los socios como recurso propio. Con la modificación de la Ley se ha pretendido únicamente adecuar el texto a la NIC 32 y no introducir las anheladas medidas para facilitar la financiación de las empresas cooperativas con fondos propios., The Basque Legislation of cooperative societies sends to the free decision of every society in order that the bylaws could foresee the existence of contributions to share capital not eligible, but refundable for decision of the cooperative society, allowing to assess, this way, the contributions of the associates as own resource. With the modification of the Law one has tried to adapt only the text to the NIC 32 and not to introduce the longed measurements to facilitate the funding of the cooperative companies with own funds., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
34. La contabilidad de cooperativas en un proceso de armonización contable internacional. El caso de España
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Polo Garrido, Fernando and Polo Garrido, Fernando
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Las cooperativas desde sus orígenes atienden a unas finalidades diferenciadas, para su funcionamiento, al igual que otras unidades económicas necesitan servirse de la contabilidad. Así el estudio de la contabilidad de las cooperativas suscita interés desde fechas remotas como lo refleja el hecho que aparezca en España una obra monográfica sobre la contabilidad de cooperativas en 1925. El presente trabajo estudia la contabilidad de las cooperativas en España desde sus inicios hasta la actualidad, diferenciando distintas etapas. En estos momentos estamos viviendo un proceso de reforma contable, por este motivo se estudian los diferentes impactos que puede tener la aplicación de las Normas Internacionales de Información Financiera a las cooperativas. Finalmente se estudian los movimientos de respuesta surgidos a raíz de la CINIIF 2 más allá de nuestras fronteras., Cooperatives meet differentiated purposes since their origins. In the same way as other economic units, they need to make use of accounting. So the study of cooperative accounting arouse interest from distant time, as it is shown by the fact that in Spain a monograph book about cooperative accounting came out in 1925. The present work studies the cooperative accounting in from the beginnings until nowadays. Currently we are living a process of accounting reform, for this reason we analyse the different impacts that can be the result of the application of International Financial Reporting Standards to cooperatives. Finally we study the response's movements arisen as result of IFRIC 2 beyond our frontiers., Escuela de Estudios Cooperativos, Fac. de Ciencias Económicas y Empresariales, TRUE, pub
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- 2023
35. Firm size proxies and the value relevance of predictive stock return models.
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Wakil, Gulraze
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BUSINESS size ,ACCOUNTING ,RELEVANCE ,MARKET value ,BOOK value - Abstract
This paper investigates differences in value relevance of predictive stock return models depending on which firm size proxy (or proxies) is used, these being market value (MV), total book assets (TBA) and market value of total book assets (MVTA). Over the 27 year period of 1989–2015, MV provides higher value relevance in predicting future returns, while TBA provides higher value relevance when limited to large firms. Moreover, results reveal incremental explanatory power of approximately 27% when TBA are added to a one-year-ahead returns model already containing MV. The increase is 60% when examining only the last 10 years of the sample period. The findings of this study will help future accounting and finance research that uses predictive return models and potentially allow investors to make better resource allocation decisions leading to higher risk adjusted returns. In addition, the findings related to TBA will add to the debate on whether standard setters should place more emphasis on the valuation of assets and liabilities relative to earnings. [ABSTRACT FROM AUTHOR]
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- 2020
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36. A study on the financial efficiency analysis method by redesigning the DEA model.
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Sin, Jeong-Hun
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The purpose of this study is to measure the financial efficiency of firms considering both input and procurement capital. We propose a new method called three-dimensional data envelopment analysis model and conducted an efficiency analysis of 33 companies in Korea manufacturing auto parts. The results of the study are summarized as follows. Even if the business performance generated by the company is more efficient than the input assets, many inefficient companies exist compared with the procurement capital. Meanwhile, management performance compared with input assets was inefficient; however, there were also companies that were efficient in terms of procurement capital. Therefore, when analyzing the efficiency of a company, efficiency methodology and measurement values that consider both input and procurement capital are needed. This study presents a new measurement methodology based on this point and analyzes the current financial situation of each decision-making unit through return-to-scale analysis and suggests financial improvement direction. [ABSTRACT FROM AUTHOR]
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- 2020
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37. Greenhouse gas disclosures by Chinese power companies: trends, content and strategies
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Momin, Mahmood Ahmed, Northcott, Deryl, and Hossain, Mohammed
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- 2017
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38. The impact of ownership structure on financial reporting quality in the east
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Yasser, Qaiser Rafique, Mamun, Abdullah Al, and Hook, Margurite
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- 2017
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39. Gender diversity, financial expertise and its effects on accounting quality
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García-Sánchez, Isabel-Maria, Martínez-Ferrero, Jennifer, and García-Meca, Emma
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- 2017
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40. Information Intermediary or De Facto Standard Setter? Field Evidence on the Indirect and Direct Influence of Proxy Advisors.
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HAYNE, CHRISTIE and VANCE, MARSHALL
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INFOMEDIARIES ,PROXY advisors ,STOCKHOLDERS ,AGENDA setting theory (Communication) ,EXECUTIVE compensation ,BOARDS of directors - Abstract
We examine whether proxy advisory firms (PAs) serve primarily an information intermediary role by providing research and voting recommendations to shareholders, or directly influence executive compensation by exerting pressure on firms to adopt preferred pay practices. Through a field study, we find that PAs are perceived as both information intermediaries and agenda setters and that these roles provide leverage to enable PAs to exercise significant influence over executive pay practices. Boards feel, and sometimes yield to, pressure to conform to PA "best" practices despite their own preferred compensation philosophies, even in the absence of overt PA scrutiny or negative shareholder votes. We also find that PAs are susceptible to conflicts of interest and generally use a "one‐size‐fits‐all" approach to voting recommendations. Overall, however, PAs are viewed as improving compensation practices by increasing transparency and accountability and fostering dialogue between firms and their shareholders. [ABSTRACT FROM AUTHOR]
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- 2019
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41. Experimental Analysis of Corporate Wage Negotiations Based on the Ultimatum Game: A New Approach Using a Combination of Laboratory and fMRI Experiments.
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Yamaji, Hidetoshi, Gotoh, Masatoshi, and Yamakawa, Yoshinori
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FUNCTIONAL magnetic resonance imaging ,INCOME inequality ,EDUCATION research ,EMPATHY ,LABOR market - Abstract
Workers who have limited wealth are also at a disadvantage in terms of income distribution. In accounting this brings to mind the way in which managers may limit wages by manipulating accounting information when negotiating with workers. While researchers have investigated whether or not managers manipulate information to keep workers' wages low, they have rarely been able to produce sufficient empirical evidence to support their arguments. So we seek to bridge this gap between the present conditions and academic research. Focusing on the recent tendency for labor-management negotiations to take the form of individual bargaining between managers and workers, we conduct experiments of psychology and perform neuro-experiments using fMRI. It was found that a trend existed where managers who had a high level of empathy and would normally be expected to recognize workers' difficult circumstances, conversely tended to compel workers to accept unfavorable outcomes. [ABSTRACT FROM AUTHOR]
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- 2019
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42. Management's personal ideology and financial reporting quality.
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Notbohm, Matthew, Campbell, Katherine, Smedema, Adam R., and Zhang, Tianming
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FINANCIAL performance ,EARNINGS management ,CORPORATE governance ,ACCOUNTING standards ,CORPORATE profits - Abstract
We investigate the relation between managers' personal ideologies and financial reporting quality. We use Federal Elections Commission data to develop three proxies for managers' personal ideologies and test their relations with two financial reporting quality metrics: discretionary accruals and financial statement restatements. We find that both the absolute value of discretionary accruals and the probability of restatement decrease in the degree to which firms' managers have conservative ideologies. These results are robust in the post-SOX period, to controls for potential self-selection bias, to alternative measures of both ideology and financial reporting quality, and to controls for firm political sensitivity, lobbying activity, governance, operational complexity and auditor strength. Our findings contribute to a growing literature demonstrating that business outcomes are partially explained by manager-specific factors including managers' personal views and priorities. [ABSTRACT FROM AUTHOR]
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- 2019
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43. Association between having a CA(SA) as CEO and accruals quality
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Elizabeth Mey and Marna de Klerk
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- 2015
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44. An empirical investigation of fraud risk assessment and knowledge requirement on fraud related problem representation in Nigeria
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Oluwatoyin Muse Johnson Popoola, Ayoib B Che-Ahmad, Rose Shamsiah Samsudin, and Dr Wm. Dennis Huber
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- 2015
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45. Performance measurement, cognitive dissonance and coping strategies: exploring individual responses to NPM-inspired output control.
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van der Kolk, Berend and Kaufmann, Wesley
- Abstract
The potential of increasing effectiveness and efficiency via performance measurement practices seems clear for scholars and practitioners alike. At the same time, it is often argued that quantitative performance measures fail to do justice to the complex environment of public sector organizations. This paper takes a first step toward incorporating and operationalizing cognitive dissonance theory to make sense of the different beliefs that public workers hold regarding performance measurement practices that are inspired by the New Public Management movement. We analyze a dataset of 34 interviews with employees working in policy departments, and we identify various indications of cognitive dissonance regarding the use of performance measurement at the individual level. Furthermore, we find that employees aim to reduce this dissonance by changing their behavior and by avoiding tasks that do not yield quantifiable results. This paper contributes to the management control literature by exploring how individuals with complex tasks respond to performance measurement practices. [ABSTRACT FROM AUTHOR]
- Published
- 2018
- Full Text
- View/download PDF
46. Corporate Codes of Ethics, National Culture, and Earnings Discretion: International Evidence.
- Author
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Chen, Chu, Gotti, Giorgio, Kang, Tony, and Wolfe, Michael C.
- Subjects
CODES of ethics ,BUSINESS ethics ,SOCIOCULTURAL factors ,EARNINGS management ,SOCIAL norms ,FINANCIAL statements ,ACCOUNTING standards ,ORGANIZATIONAL ideology - Abstract
This study examines the role of codes of ethics in reducing the extent to which managers act opportunistically in reporting earnings. Corporate codes of ethics, by clarifying the boundaries of ethical corporate behaviors and making relevant social norms more salient, have the potential to deter managers from engaging in opportunistic financial reporting practices. In a sample of international companies, we find that the quality of corporate codes of ethics is associated with higher earnings quality, i.e., lower discretionary accruals. Our results are confirmed for a subsample of firms more likely to be engaging in opportunistic reporting behavior, i.e., firms that just meet or beat analysts’ forecasts. Further, codes of ethics play a greater role in reducing earnings management for firms in countries with weaker investor protection mechanisms. Our results suggest that corporate codes of ethics can be a viable alternative to country-level investor protection mechanisms in curbing aggressive reporting behaviors. [ABSTRACT FROM AUTHOR]
- Published
- 2018
- Full Text
- View/download PDF
47. Integrated reporting: The current state of empirical research, limitations and future research implications.
- Author
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Velte, Patrick and Stawinoga, Martin
- Abstract
In view of the increased demand for non-financial reporting after the financial crisis of 2008/2009, integrated reporting (IR) plays a key role in management control and stakeholder relations management. As a consequence of 'integrated thinking' IR combines traditional financial accounting with sustainability and corporate governance related issues to enhance the decision usefulness of modern business reporting. Although there has been steady growth in the awareness of IR research (Eccles et al. J Appl Corp Finance 27:8-17, 2015), the current state of empirical IR research activities is not well described so far. This literature review evaluates 44 empirical studies on IR which were published especially after the adoption of the IR framework by the International Integrated Reporting Council (IIRC) in December 2013. We will briefly introduce the IR research agenda, which provides a clear structure for the analysis of current empirical research activities in this field. For the market, organization and individual/group decision level, we show which factors contribute to IR implementation and IR quality. Furthermore, empirical research focuses on market reactions to IR. We also stress the limitations of the studies and provide useful recommendation for future IR research activities for each level of analysis. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
48. Relations among audit committee establishment, information transparency and earnings quality: evidence from simultaneous equation models.
- Author
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Wang, Mao-Chang, Lee, Meng-Han, and Chuang, Jia-Jiann
- Subjects
BUSINESS enterprises ,AUDIT committees ,SIMULTANEOUS equations ,CORPORATE governance ,CORPORATE profits ,STOCKHOLDERS ,CORPORATE directors - Abstract
Either shareholders or related parties typically serve as the directors and supervisors of listed companies in Taiwan. Consequently, the managerial and supervisory functions of certain companies have failed to meet shareholder expectation, and there have been numerous cases where managers have embezzled company assets and inflated company earnings. Therefore, we contend that strong corporate governance should be established, and the supervision system should be improved. First, we discuss the relationship between establishing an audit committee and information transparency and that between audit committee establishment and earnings quality. Subsequently, we describe results obtained by employing simultaneous equation models to examine the interactions among audit committee establishment, information transparency, and earnings quality for companies in the Taiwan electronics industry in 2011. Our empirical results show that establishing an audit committee correlates positively with both information transparency and earnings quality. The simultaneous equation models result show that interactive and positive effects exist among audit committee establishment, information transparency, and earnings quality. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
49. Determinants of dissemination of environmental information: an empirical survey.
- Author
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Giannarakis, Grigoris, Zafeiriou, Eleni, Sariannidis, Nikolaos, and Efthalitsidou, Kyriaki
- Subjects
ORGANIZATIONAL ideology ,ENVIRONMENTAL reporting ,EMISSION control ,RISK premiums ,FIXED effects model - Abstract
The major objective of the present paper is to identify the factors that influence the dissemination of environmental information. In particular, analyst stock recommendation, country level risk, corporate value and environmental performance are surveyed as determinants of the environmental dissemination level. The survey was based on a sample of 92 multinational firms for the period 2009–2013, longer than that used in most past works. The methodology employed on our data is the panel data analysis with fixed effects. As proxies, for the dissemination level of environmental information, two different environmental disclosure indexes are used the Environmental Disclosure Score and Carbon Disclosure Leadership Index. According to our findings, the environmental performance in terms of Emission Reduction Initiatives and the country’s risk premium affects in a positive way the dissemination of environmental disclosures while the results regarding the stock analyst recommendation are controversial. Another important finding is that the firm’s value is validated as an insignificant factor for the dissemination level of environmental information. The aforementioned results provide the corporate managers with a tool to attract environmental friendly investors. The novelty on the present manuscript stands on the use of proxies for the environmental performance; namely the first one is based on outcome – objective while the second one refers to the corporate intention, elements that enrich the existing literature in the field of environmental behavior and dissemination of the environmental information of a firm. [ABSTRACT FROM PUBLISHER]
- Published
- 2016
- Full Text
- View/download PDF
50. Cumulative effect of IFRS 15 and IFRS 16 on maritime company financial statements: a hypothetical case
- Author
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Belesis, Nicholas, Sorros, John, Karagiorgos, Alkiviadis, and Kousounadis, Paraskevas
- Published
- 2021
- Full Text
- View/download PDF
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