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dc.contributor.authorChabrak, Nihel
dc.contributor.authorBouden, Inès
dc.date.accessioned2011-07-19T15:21:09Z
dc.date.available2011-07-19T15:21:09Z
dc.date.issued2010-02
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/6742
dc.language.isoenen
dc.subjectShareholder Valueen
dc.subjectFair Valueen
dc.subjectConservatismen
dc.subjectIASBen
dc.subjectFinancial Crisisen
dc.subject.ddc657en
dc.subject.classificationjelM41en
dc.titleThe IASB and the shareholder value priestly cult!en
dc.typeCommunication / Conférence
dc.contributor.editoruniversityotherInstitut telecom -cemantic;France
dc.description.abstractenAssociated with neo-liberalism, shareholder value is at the origin of the financialization of the economy and the current financial crisis. Indoctrinated by neoliberal economics, accountants set themselves the objective of ensuring the efficient functioning of financial markets instead of re-establishing accountability as fairness. The IASB project is in line with this logic. Its fair value accounting strengthened the resilience to the principle of governance by markets, which becomes a priestly cult. As a response to the financial crisis, the IASB published in October 2008 an educational guidance on the application of fair value measurement when markets become inactive. We make obvious how this amendment contributes to maintaining the status quo and preserving the primacy of the shareholder value as governance model. More problematic are its implications on the revered principle of conservatism which is institutionally abolished.en
dc.identifier.citationpages26en
dc.description.sponsorshipprivateouien
dc.subject.ddclabelContrôle de gestion Comptabilitéen
dc.relation.conftitleAPIRA 2010 - Sixth Asia Pacific Interdisciplinary Research in Accounting Conferenceen
dc.relation.confdate2010-07
dc.relation.confcitySydneyen
dc.relation.confcountryAustralieen


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