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Funds-flow statements and cash-flow accounting in France

Boussard, Daniel; Colasse, Bernard - Université Paris-Dauphine (Paris IX) - 1992

It can be stated that, in France, a conventionality and a form of complacency probably stemmed from the standardization process. As a consequence, independent research has tended so far to concentrate more on fields that do not reside within the confines of the works of the standard-setting...

Persistent link: https://www.econbiz.de/10010706545

Effect of Impairment-Testing Disclosures on the Cost of Equity Capital

Paugam, Luc; Ramond, Olivier - Université Paris-Dauphine (Paris IX) - 2015

Information risk – the uncertainty regarding the parameters of the distribution of firms’ future cash flows – generates valuation errors and is costly to investors who require a higher return to compensate for greater information risk. We argue that, on average, through their...

Persistent link: https://www.econbiz.de/10011122227

Valorisation et reporting du goodwill : enjeux théoriques et empiriques

Paugam, Luc - Université Paris-Dauphine (Paris IX) - 2011

The goodwill is, by nature, complex since this notion encompasses two realities: the first is an economic concept – the expected present value of economic profits – the second is an accounting aggregate – the excess of the acquirer’s purchase price over the fair values of the target’s...

Persistent link: https://www.econbiz.de/10010861640

Communication environnementale des entreprises du SBF120 : déterminants et conséquences sur le coût du capital actions

Déjean, Frédérique; Martinez, Isabelle - Université Paris-Dauphine (Paris IX) - 2009

What is the impact of corporate environmental disclosure on the cost of capital? In this research, we try to answer this question. The empirical research is based on companies listed at the SBF 120. In 2006, most of these companies dedicated a part of their annual report to sustainable...

Persistent link: https://www.econbiz.de/10011074125

On Real Options and Information Costs

Bellalah, Mondher; El Farissi, Inass - Université Paris-Dauphine (Paris IX) - 2002

This paper presents a simple framework for the use of traditional capital budgeting models and the valuation of several real options in the presence of shadow costs of incomplete information. Information costs can be viewed as sunk costs in the spirit of Merton’s (1987) model of capital market...

Persistent link: https://www.econbiz.de/10010708647

La juste valeur : une comptabilité actuarielle pour les marchés...ou les comptables ?

Jerman, Lambert - Université Paris-Dauphine (Paris IX) - 2013

Fair value supporting by the IAS-IFRS standards appears largely as a financial interference in the accounting practice. Nevertheless, by showing that fair value represents an accounting conceptual shift due to recent transformations of our economies, we establish that fair value actuarial...

Persistent link: https://www.econbiz.de/10010781516

Attilio da Empoli’s contribution to monopolistic competition theory

Keppler, Jan Horst - Université Paris-Dauphine (Paris IX) - 2001

Considers the contribution of Attilio da Empoli to the theory of value and distribution and especially his contribution … to the theory of monopolistic competition. During the 1920s a lively discussion developed about the link between the cost … “representative firm”. In this context, Attilio da Empoli contributed two monographs with the declared intent to provide a new theory …

Persistent link: https://www.econbiz.de/10011073364