Al fine di accompagnare l'introduzione di una forma sostenible di reddito universale di cittadinanza, questa contribuzione avanza una proposta di riforma monetaria basata su una moneta di decumulo. Questa valuta, digitale e transitoria, avrebbe come effetto di eludere la natura sperequativa e...

With the enactment of the General Law of Finances of 2001 (LOLF, 2001), the French Government introduced a new set of accounting standards shaped by an explicit conceptual framework. This legislation retains for public sector accounting the logic of financial reporting that had been in effect...

Recent financial crises and scandals have focused attention on the system of governance and disclosure in a way many may never have imagined and few welcomed. Not only do reforms appear to be necessary to protect shareholders as well as other stakeholders, but also to develop a different...

Project-financing and public-private partnership schemes are joint projects of investment that are generally submitted to investment valuation criteria based on compound discounting. However, the theoretical basis of these criteria is at issue nowadays. According to recent studies on relational...

In listed companies, the Board of directors is the ultimate responsible of information disclosure. The "conventional wisdom" considers independence of directors as the essential attribute to improve the quality of that disclosure. In a sense, this approach subordinates expertise to independence....

For those concerned with nature and role of the business firm in economy and society, these are challenging times. Past and ongoing financial crises and scandals have focused attention on the system of regulation, governance and disclosure in a way many may never have imagined and few welcomed....

Avec un budget cumulé de 59 milliards d'euros en 2007, un volume d'emploi de plus d'un million d'emploi en équivalent temps plein, 14 millions de bénévoles, les associations (dont le nombre dépasse le million) ont un poids considérable dans l'économie française. Par ailleurs, elles ont...

Regroupées sous le label de « nouvelle gestion publique », de nombreuses réformes des administrations publiques sont expérimentées depuis une trentaine d'années dans les pays de l'OCDE et ailleurs. Ces réformes se traduisent par la mise en œuvre d'instruments de gestion et sont...

Lynn Stout's paper develops an insightful legal-economic analysis of speculative trading. From one hand, the paper discusses the legal-economic framework of speculation and its recent transformation, making reference to the case of derivatives markets crash (and related financial crisis) of...

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 communication and advertising. Does traditional accountability no...