Accounting from a Cross-Cultural Perspective, 2018
By adopting a 'revenue/expense' model, the matching principle has traditionally played a fundamen... more By adopting a 'revenue/expense' model, the matching principle has traditionally played a fundamental role in determining earnings. However, since the 1970s, standard setters have chosen to move to an 'asset/liability' approach to determine income. Some authors argue that these changes in accounting standards have caused a decline in the matching process, exercising a negative impact on the quality of earnings. A contrasting view, however, is that changes in the economic activity have caused the decline in matching. Moreover, according to Barth, there is no 'matching principle'. Indeed, the matching process often leads to the recognition of assets/liabilities of questionable substance and, therefore, cannot be considered an end in itself. The purpose of this chapter is to perform an extensive and systematic literature review on the determinants and consequences of the matching process, examining a topic of major concern for standard setters.
Journal of healthcare management / American College of Healthcare Executives, 2016
Adelaide Ippolito, PhD, consultant, Formez PA, Rome, Italy; Silvia Boni, Dr., head, Health Organi... more Adelaide Ippolito, PhD, consultant, Formez PA, Rome, Italy; Silvia Boni, Dr., head, Health Organization and Social Policy Unit, Formez PA, Rome; Ettore Cinque, professor of accounting, Second University of Naples, Italy, and former acting subcommissioner for health services, Campania Region, Italy; Annarita Greco, Dr., public servant, Health and Social Interventions Unit, Campania Region, Naples; and Salima Salis, Dr., coordinator, Campania Region Activities, Formez PA, Cagliari, Italy
The mantra that inspires healthcare systems is: “If you can’t measure it, you can’t manage it.” T... more The mantra that inspires healthcare systems is: “If you can’t measure it, you can’t manage it.” The measuring process is closely related to the epistemological ideal of modern science. This has been developed through a world simplification, which is considered useful to disclose principles that work under surrounding reality. The search for natural laws carries a distinctive component: phenomena are not accepted as they are, but they are instead transformed through abstraction and experimentation. What is considered as real is the result of abstraction and experimentation. This attitude, however, entails that some reality aspects are sacrificed in their variety and entirety. In economics, especially in the rational choice theory, the world, where we make decisions and judgments, is not real, but outward and accidental. In its stead, we find abstract constructions of expected utility maximization and pursuit of self-interest.
PurposeBy analyzing the relationship between discretionary accruals and information asymmetry thr... more PurposeBy analyzing the relationship between discretionary accruals and information asymmetry throughout the latest global financial crisis, this paper deepens our understanding of the effect of managerial discretion on the informativeness of earnings in the case of a negative exogenous shock in business fundamentals.Design/methodology/approachThis paper examines the relationship between discretionary accruals and the bid–ask spread within the Italian Stock Exchange over the period of 2007–2012. The authors focus on one country in order to avoid systematic cross-country performance variation in discretionary accruals models, and they use the bid–ask spread as a proxy for information asymmetry.FindingsThis paper shows the role played by discretionary accruals in unblocking private information in the case of a negative exogenous shock in business fundamentals and finds a significant negative relationship between discretionary accruals and the bid–ask spread during the global financial...
Accounting from a Cross-Cultural Perspective, 2018
By adopting a 'revenue/expense' model, the matching principle has traditionally played a fundamen... more By adopting a 'revenue/expense' model, the matching principle has traditionally played a fundamental role in determining earnings. However, since the 1970s, standard setters have chosen to move to an 'asset/liability' approach to determine income. Some authors argue that these changes in accounting standards have caused a decline in the matching process, exercising a negative impact on the quality of earnings. A contrasting view, however, is that changes in the economic activity have caused the decline in matching. Moreover, according to Barth, there is no 'matching principle'. Indeed, the matching process often leads to the recognition of assets/liabilities of questionable substance and, therefore, cannot be considered an end in itself. The purpose of this chapter is to perform an extensive and systematic literature review on the determinants and consequences of the matching process, examining a topic of major concern for standard setters.
Journal of healthcare management / American College of Healthcare Executives, 2016
Adelaide Ippolito, PhD, consultant, Formez PA, Rome, Italy; Silvia Boni, Dr., head, Health Organi... more Adelaide Ippolito, PhD, consultant, Formez PA, Rome, Italy; Silvia Boni, Dr., head, Health Organization and Social Policy Unit, Formez PA, Rome; Ettore Cinque, professor of accounting, Second University of Naples, Italy, and former acting subcommissioner for health services, Campania Region, Italy; Annarita Greco, Dr., public servant, Health and Social Interventions Unit, Campania Region, Naples; and Salima Salis, Dr., coordinator, Campania Region Activities, Formez PA, Cagliari, Italy
The mantra that inspires healthcare systems is: “If you can’t measure it, you can’t manage it.” T... more The mantra that inspires healthcare systems is: “If you can’t measure it, you can’t manage it.” The measuring process is closely related to the epistemological ideal of modern science. This has been developed through a world simplification, which is considered useful to disclose principles that work under surrounding reality. The search for natural laws carries a distinctive component: phenomena are not accepted as they are, but they are instead transformed through abstraction and experimentation. What is considered as real is the result of abstraction and experimentation. This attitude, however, entails that some reality aspects are sacrificed in their variety and entirety. In economics, especially in the rational choice theory, the world, where we make decisions and judgments, is not real, but outward and accidental. In its stead, we find abstract constructions of expected utility maximization and pursuit of self-interest.
PurposeBy analyzing the relationship between discretionary accruals and information asymmetry thr... more PurposeBy analyzing the relationship between discretionary accruals and information asymmetry throughout the latest global financial crisis, this paper deepens our understanding of the effect of managerial discretion on the informativeness of earnings in the case of a negative exogenous shock in business fundamentals.Design/methodology/approachThis paper examines the relationship between discretionary accruals and the bid–ask spread within the Italian Stock Exchange over the period of 2007–2012. The authors focus on one country in order to avoid systematic cross-country performance variation in discretionary accruals models, and they use the bid–ask spread as a proxy for information asymmetry.FindingsThis paper shows the role played by discretionary accruals in unblocking private information in the case of a negative exogenous shock in business fundamentals and finds a significant negative relationship between discretionary accruals and the bid–ask spread during the global financial...
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