Pension Obligations in the European Union: A Case Study for Accounting Policy

Biondi, Yuri; Boisseau-Sierra, Marion

doi:10.1515/ael-2017-0027

Cited by 3 publications

(2 citation statements)

References 45 publications

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“…Caruana and Grima (2019), Dabbicco and D’Amore (2016), Dasí et al (2016) and Jorge et al (2016) focused on the relationship of EPSAS with macro-surveillance and statistical reporting. Biondi and Boisseau-Sierra (2017), Biondi (2016) and Dabbicco (2015, 2018) focused on technical issues, e.g. recognition, measurement issues and impact of implementation of accrual.…”

Section: Introductionmentioning

confidence: 99%

Building legitimacy for European public sector accounting standards (EPSAS)

Dabbicco

Steccolini

2019

IJPSM

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Purpose The purpose of this paper is to look at the European public sector accounting standards (EPSAS) project development path to explore how governance and legitimacy issues intertwine when a new standard-setting system is developed. Design/methodology/approach A qualitative interpretative multimethod approach is adopted, which encompasses document analysis and participative observations. Findings The analysis shows the role of governance dimensions, including institutional participation and consensus, in the process for securing the legitimacy of accounting standards and the related setting processes, pointing to the critical issues emerging throughout the development of the EPSAS project. Originality/value The definition of public sector accounting standards poses significant challenges to the accounting profession and regulators alike. A paradigmatic case of such challenges is represented by the decisions to develop harmonised EPSAS. A key contribution of this paper is to connect legitimacy dimensions with network governance, offering a view of the input, output and procedural dimensions associated with decisions to legitimise EPSAS and how these may be affected by network governance.

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Section: Introductionmentioning

confidence: 99%

Building legitimacy for European public sector accounting standards (EPSAS)

Dabbicco

Steccolini

2019

IJPSM

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“…Nowadays, the ongoing EU reform debate is concerned with the promotion of long-term investment for Europe's economy and society. The limits of current value measurements and of a market basis of accounting were acknowledged because they impact on pension funds solvency and capital requirements (see also Biondi & Boisseau-Sierra, 2017).…”

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confidence: 99%

The Current Challenges for EU Company and Financial Law and Regulation

Autenne

Biondi

Cavalier

et al. 2018

Accounting, Economics, and Law: A Convivium

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European company and financial law and regulation have been evolving over time along with business and financial practices. The resulting ‘social licence’ established by company and financial law and regulation aimed to balance the granted privileges of limited liability and share transferability with the corporate social contribution to economic development and employment. Recent transformations driven by shareholder value and financialisation have been challenging this balance of interests between stakeholders (including employees and shareholders) and society. The EU institutional framework may respond to these challenges by reaffirming the centrality of the enterprise as a going concern. On this basis, corporate accountability and responsibility may be enforced to make ongoing corporate affairs accountable and responsible for their contribution to economy and society. Ongoing corporate capacity to cope with social and environmental responsibilities may be assured along with the fair and sustainable remuneration of stakeholders, including shareholding investors, and a fair tax contribution. The EU institutional design and policy mix may be organised to respond to this comprehensive set of corporate dimensions. Here the most relevant fields to be reconsidered include: enterprise groups and corporate social responsibility; financial reporting and transparency; financial investment and asset management.

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The Current Challenges for EU Company and Financial Law and Regulation

et al. 2017

View full text Add to dashboard Cite

European company and financial law and regulation have been evolving over time along with business and financial practices. The resulting 'social licence' established by company and financial law and regulation aimed to balance the granted privileges of limited liability and share transferability with the corporate social contribution to economic development and employment. Recent transformations driven by shareholder value and financialisation have been challenging this balance of interests between stakeholders (including employees and shareholders) and society. The EU institutional framework may respond to these challenges by reaffirming the centrality of the enterprise as a going concern. On this basis, corporate accountability and responsibility may be enforced to make ongoing corporate affairs accountable and responsible for their contribution to economy and society. Ongoing corporate capacity to cope with social and environmental responsibilities may be assured along with the fair and sustainable remuneration of stakeholders, including shareholding investors, and a fair tax contribution. The EU institutional design and policy mix may be organised to respond to this comprehensive set of corporate dimensions. Here the most relevant fields to be reconsidered include: enterprise groups and corporate social responsibility; financial reporting and transparency; financial investment and asset management.

show abstract

Pension Obligations in the European Union: A Case Study for Accounting Policy

Cited by 3 publications

References 45 publications

Building legitimacy for European public sector accounting standards (EPSAS)

Building legitimacy for European public sector accounting standards (EPSAS)

The Current Challenges for EU Company and Financial Law and Regulation

The Current Challenges for EU Company and Financial Law and Regulation

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