Araceli Mora- Full Professor at University of Valencia
Araceli Mora
- Full Professor at University of Valencia
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65
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Publications (65)
The Spanish Company Regulation is enshrined in two key legal sources: (a) Code of Commerce (Código de Comercio) and (b) Company Law Ley de Sociedades de Capital. Both legal documents incorporate the general accounting principles and fundamental accounting valuation concepts that are developed in depth along rules enacted at different levels of auth...
Purpose
The study aims to show how the public interest has been argued to justify the political interference in the accounting of financial entities as a tool to face a critical financial situation in a country. And to offer a different perspective of the publicness notion that focuses on the field of financial accounting for private entities.
Des...
A concurrent session at the 2018 American Accounting Association Annual Meeting featured the panel discussion “Where is International Accounting Research Going? Issues Needing Further Investigation.” The panelists summarized major contributions from existing research in international accounting and highlighted the factors and areas that are in need...
The last financial crisis led to a vigorous debate still in place about the pros and cons of fair-value accounting (FVA). While detractors basically argue its potential negative impact on procicality and financial stability or inadequacy in illiquid markets or specific business models, the International Accounting Standards Board (IASB) pushed to e...
La adopción de las NIIF desde 2005 ha conllevado beneficios, pero la investigación también ha demostrado que su efecto no ha sido uniforme en los distintos países debido a las diferencias institucionales y en los incentivos. La teoría contractual ofrece un marco teórico para la investigación de las consecuencias económicas y de los incentivos de lo...
As a result of the recent financial crisis, several key institutions urged the IASB and the FASB to re-evaluate their models for loan loss accounting and use more forward-looking information. The paper examines the principal features of the new expected loss approach, taking into account the tensions between accounting and prudential objectives wit...
We investigate the role of prudential supervisors’ independence in affecting income smoothing behavior in European banks. Powerful national supervisors are predicted to influence the accounting practices of their supervised entities, shaping the properties of the accounting numbers they prepare. In particular, we study whether greater independence...
Previous literature on Serious Games (SGs) has focused on the possible impacts of these educational tools on learning effectiveness. However, the empirical evidence is still scarce, and these learning-based games are rarely used in general undergraduate courses and even less so in accounting courses compared with other business areas. Using an exis...
Recent research in accounting suggests female directors exert more stringent monitoring over the financial reporting process than their male counterparts. However, an emerging literature in finance and economics provides mixed findings and questions whether females in leadership roles significantly differ from their male counterparts. Building on t...
The way Spain adapted the legislation to the Accounting Directives as well as a brief analysis of the Spanish standard setting process is followed by a description of the influence of International Financial Reporting Standards (IFRS) is the Spanish legislation and the different stakeholders’ position on IFRS. We show and explain why the local Gene...
Resumen
El actual sistema de educación superior se basa en un aprendizaje activo por parte del estudiante enfocado al desarrollo de competencias genéricas y específicas. En este contexto muchos autores defienden el uso de simulaciones que favorezcan dicho aprendizaje y, los denominados «juegos serios» (serious games [SG]) se adaptan a este reto. Si...
Recent research in accounting suggests female directors exert more stringent monitoring over the financial reporting process than their male counterparts. However, an emerging literature in finance and economics questions whether females in leadership roles significantly differ from their male counterparts. Building on this literature, we re-examin...
The IASB and the FASB have recently re-evaluated the current model underlying loan loss accounting (the ‘incurred loss’). Taking into consideration the G20‘s advice on using more forward-looking information, they introduce a new approach (the ‘expected loss’ model). This paper reviews the academic literature to shed some light on the new expected l...
This paper provides a commentary on the academic literature on accounting conservatism with a view to highlighting the insights of that literature that are potentially useful for accounting standard setters. We begin by introducing the basic concepts of conservatism focusing on the distinction between conditional and unconditional conservatism. We...
The aim of this paper is to show that the position of those who set accounting standards and that of pressure groups is consistent with the Ideology Theory of regulation and Positive Accounting Theory of economic consequences, respectively. However, contrary to previous literature on lobbying, it is argued that in an international context and after...
The aim of this paper is to show that the position of those who set accounting standards and that
of pressure groups is consistent with the Ideology Theory of regulation and Positive Accounting Theory of economic consequences, respectively. However, contrary to previous literature on lobbying, it is argued that in an international context and after...
The aim of this paper is to highlight the relevance of academic input to the accounting standard setting process by way of both ex-ante research and direct participation. We propose the Delphi methodology as a rigorous scientific way to analyse the perception of a new IASB accounting regulation from an “ex-ante” constituency perspective. We argue t...
The global financial crisis has accelerated the need for standard-setters to demonstrate that they understand the effects of the accounting standards they are setting. Within a European context, the endorsement process and the ultimate adoption of new and amended International Financial Reporting Standards into European Union law demand that there...
Prior literature argues that managers make opportunistic income-decreasing accounting choices to limit the concessions made to trade unions. However, empirical research to date presents mixed evidence, potentially due to the theoretical approach common in prior work that views labor bargaining as a one-shot game in nature. Using a sample of US firm...
The "political costs" hypothesis predicts that labour bargaining creates incentives to reduce accounting earnings in order to avoid salary demands. Previous studies in countries with a "close shop system", such as the U.S. and Canada, have obtained mixed results. We argue that the political costs hypothesis is better suited to the "open shop system...
The "political costs" hypothesis predicts that labour bargaining creates incentives to reduce accounting earnings in order to avoid salary demands. Previous studies in countries with a "close shop system", such as the U.S. and Canada, have obtained mixed results. We argue that the political costs hypothesis is better suited to the "open shop system...
ABSTRACT This paper is a response to the exposure draft of proposed amendments to IAS 1 Presentation of Financial Statements published by the International Accounting Standards Board (IASB) in March 2006. The objective is to bring to the standard setter's attention research that is relevant to the issues raised in the exposure draft. We review anal...
El marco regulatorio europeo: las NIF -- El marco conceptual y su utilización en las Normas Internacionales de Contabilidad -- Presentación de estados financieros -- Estados financieros complementarios -- Reconocimiento de ingresos -- Existencias -- Inmovilizado material -- Activos intangibles -- Instrumentos financieros -- Provisiones, contingenci...
Abstract: Is earnings management affecting (driving) the measures of earnings conservatism? Ball et al. (2000) point out that the asymmetry in the recognition of good and bad news in earnings (faster recognition of bad news: earnings conservatism) is more pronounced in common-law than in code-law based accounting regimes. However, comparative stud...
In June 2004 the IASB issued the Discussion Paper ‘Preliminary Views on Accounting Standards for Small and Medium-Sized Entities’. This invited comments on the central question of whether the IASB should develop separate standards for small and medium-sized enterprises (SMEs), and on further issues and questions arising from this. This paper briefl...
The aim of this study is to contribute to the debate about the need of the 20-F reconciliation form. With a sample of European companies from Continental countries we try to test three hipóteses. If the information under domestic GAAP has information content for the american investors, if the 20-F has information content and if the investors discri...
El objetivo de este trabajo es analizar las diferencias internacionales en el nivel de conservadurismo contable, excluyendo el efecto de la manipulación del beneficio en tres países europeos, Francia, Alemania y Reino Unido. Estos países representan regímenes contables distintos y cuentan con diferencias institucionales determinantes, tanto en la m...
El presente trabajo tiene como objetivo analizar la evolución de la relevancia de la información contable en España durante la última década. Para ello, se muestran y comparan los resultados que se desprenden de la aplicación de tres metodologías alternativas. La primera de ellas toma como medida de relevancia el coeficiente de determinación (R2) d...
In this study we extend prior research on the international analysis of accounting conservatism (Joos and Lang, 1994; Ball et al., 2000; Giner and Rees, 2001), by examining the level of accounting conservatism across eight European countries (United Kingdom, Germany, France, Switzerland, the Netherlands, Italy, Spain and Belgium), and assessing the...
The aim of this study is to investigate systematic changes in the importance of accounting data for the Spanish Market. To achieve this, the results of three alternative methodologies are shown and compared. The first alternative takes the determination coefficient (R2) as an important measure, where the result and net wealth appear as the independ...
RESUMEN
Con este trabajo pretendemos contribuir al debate sobre la necesidad de la conciliación del resultado y del patrimonio neto de las empresas extranjeras que cotizan en los Estados Unidos (formulario 20-F). Con una muestra de empresas europeas de países continentales, se pretende contrastar tres hipótesis, si la información elaborada con prin...
We examine the existence of balance sheet conservative practices by listed companies in seven European countries, analysing the differences among them. Our results show that in every country under study there are conservative practices that lead to a persistent understatement of operating assets with respect to market value. This understatement cou...
Los objetivos del presente trabajo son por una parte, corroborar la evidencia previa de que existe una asimetría en el reconocimiento de buenas y malas noticias en el resultado contable, concretamente que las malas noticias se reconocen antes que las buenas, existiendo, por tanto, un sesgo conservador. Por otro lado, contrastamos la hipótesis de qu...
Recently, a new dimension has been added to research in accounting harmonization by studying the effects of accounting practices and regulations on share price and return movements. Although there is an agreement of mutual recognition in the European stock markets of financial statements adapted to the directives, the differences between the Europe...
2.º Premio Estudios Financieros 2001. Modalidad: Contabilidad y Administración de Empresas Tras el proceso de globalización de los mercados y del paso de la era industrial a la era del conocimiento, los retos de la investigación actual en el mercado de capitales relacionados con la comparabilidad internacional podrían concretarse en los siguientes:...
RESUMEN
En el presente estudio se analiza el proceso de armonización contable europeo relacionando los acontecimientos institucionales con los resultados obtenidos en los trabajos de investigación, con el objetivo de detectar la interdependencia entre ambos aspectos. Distinguimos una primera etapa marcada en el ámbito institucional por la promulgac...
Two different forces are involved in the international harmonization of accounting: institutional endeavours to harmonize accounting internationally by developing common accounting rules and reporting standards, and spontaneous efforts by 'global players' to adopt accounting methods that will improve communication with users in other countries. The...
El objetivo del presente estudio es mostrar que la influencia de la profesión contable en el sistema de regulación de su país, aun cuando la misma no sea oficial, puede considerarse como una vairable explicativa adicional de las diferencias contables. En concreto, nuestra hipótesis es que esta vairable es capaz de explicar la ordenación de los país...
Consolidated accounting for corporations in Spain was rare before the Seventh European Directive, adopted by the European Union in 1983, and only became compulsory in 1991. During the intervening years a number of firms elected to adopt consolidated accounting even though they were not required to do so. These circumstances provide a useful insight...
El hecho de considerar la Contabilidad como un sistema de información para la toma de decisiones de los usuarios, conlleva como lógico corolario la utilidad de la información para sus decisiones, y precisamente este último aspecto es uno de los temas que más ha atraído la atención de los investigadores en los últimos años. La mayor parte de los tra...
Not much information exists in the international accounting literature on Spanish accounting. Spain is selected as a subject of study because it is different from those countries that are subjects of the research concerned with investigating the multivariate impact of firm characteristics on disclosure in annual reports and accounts. The conceptual...
