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A Note on fair Value and Illiquid Markets

Guegan, Dominique; Merhy, Chafic - HAL - 2010

We present in this paper a method to extract fair prices from observable prices in an illiquid market. The dynamics of fair prices have a general form encompassing random walks. In fact, only a part of a movement in price is assumed to reflect fundamental changes, the rest is considered to be...

Persistent link: https://www.econbiz.de/10010549072

Some characteristics of an equity security next-year impairment

Azzaz, Julien; Loisel, Stéphane; Thérond, Pierre-Emmanuel - HAL - 2013

. More generally, our study paves the way for applications of nancial mathematics techniques to accounting issues related to …

Persistent link: https://www.econbiz.de/10010821393

EVALUATION A LA JUSTE VALEUR. UN NOUVEAU MODELE COMPTABLE ?

Bernheim, Yves; Escaffre, Lionel - HAL - 1999

Les objectifs de cette communication sont : § de rechercher quand et comment la notion de juste valeur a été introduite comme concept comptable d'abord puis comme règle d'évaluation ensuite ; § d'examiner, de façon plus détaillée, son application opérationnelle au cas des instruments...

Persistent link: https://www.econbiz.de/10009001255

An Experiment in the Economic Consequences of Additional Disclosure: The Case of the Fair Value of Unlisted Equity Investments

Ding, Yuan; Jeanjean, Thomas; Lesage, Cédric; Stolowy, … - HAL - 2009

We investigate the economic consequences of additional disclosure about assets with no active market in terms of liquidity, perception of information reliability and relevance. We use an experimental design: 181 MBA students are asked to value 24 investments. We manipulate the level of...

Persistent link: https://www.econbiz.de/10008791819

The Pure Logic of Accounting: A Critique of the Fair Value Revolution

Biondi, Yuri - HAL - 2011

When international accounting standards were renamed to become international financial reporting standards, this seemed … to imply that accounting no longer needed to exist, but rather had to be reconsidered as a part of financial … accounting is not academic. Accounting principles constitute a primary way that the creation and allocation of business incomes …

Persistent link: https://www.econbiz.de/10008835382

Some characteristics of an equity security next-year impairment

Azzaz, Julien; Loisel, Stéphane; Thérond, Pierre-Emmanuel - HAL - 2014

. More generally, our study paves the way for applications of nancial mathematics techniques to accounting issues related to …

Persistent link: https://www.econbiz.de/10010899015

From Formal Subsumption to General Intellect: Elements for a Marxist Reading of the Thesis of Cognitive Capitalism, in Historical Materialism

Vercellone, Carlo - HAL - 2007

Since the crisis of Fordism, capitalism has been characterised by the ever more central role ofknowledge and the rise …

Persistent link: https://www.econbiz.de/10010750713

The neoliberal "Rebirth" of development economics

Herrera, Rémy - HAL - 2006

This article is to be published in the May 2006 issue of the Monthly Review. Nowadays, neoclassical economics' domination of development theory is on par with that of high finance's neoliberal power over development policies. There are important complementarities between these two forms of...

Persistent link: https://www.econbiz.de/10010750777

El euro, una moneda incompleta : amenazas pendientes y posibles soluciones

Ponsot, Jean-François - HAL - 2013

Para superar la crisis, los Estados miembros de la zona euro se han embarcado en el camino de la austeridad fiscal y la … búsqueda de la competitividad. Esta política es un callejón sin salida. Las crisis financieras y bancarias se suceden, las …

Persistent link: https://www.econbiz.de/10010820679

Crisis de rentabilidad, acumulación de capital y distribución de la renta en la economía de México

Tomé, Juan Pablo Mateo - HAL - 2006

-2003. Sostenemos que esta variable es clave en la comprensión de la aparición de la crisis. El nexo que permite explicar su aparición … período objeto de estudio como de “crisis estructural.” El análisis de la evolución de los determinantes de la rentabilidad en … esta fase nos permite identificar la disfuncionalidad del papel de la crisis, ya que impulsa la composición del capital, lo …

Persistent link: https://www.econbiz.de/10008789588