Giuseppe Iuliano

Voluntary Adoption of Ifrs by Italian Private Firms: A Study Of The Determinants

Prior literature states that the voluntary adoption of IFRS by private firms is related to some firms’ contracting incentives (for example, the leverage or the firm’ size). In Italy, from the 2006 the private firms that meet the criteria of the Legislative Decree 38/2005 may prepare (voluntary choice) the separate financial statements according to the IFRS. In 2009 we find that some private firms have voluntarily adopted the IFRS. The aim of the paper is to analyze the determinants of voluntary adoption of IFRS by those firms in their separate financial statements. According to prior literature, we find those firms are more likely to adopt IFRS when the ownership is dispersed, there are foreign shareholders and firms are more leveraged. We also find that the likelihood of IFRS voluntary adoption by private subsidiaries firms increases when their parent company complies with IFRS.

Art and Accounting History: The Teatro San Carlo of Naples, 1737–1786

Abstract Situated in the centre of Naples, the Teatro San Carlo (TSC) was founded in 1737 by the Bourbon Crown during the Reign of the Two Sicilies (one of the several states into which Italy was divided in the eighteenth century), The theatre immediately became an object of admiration and was soon held to be without equal for the perfection of its acoustics. Its original project was described in the Encyclopédie by Diderot as a prime example of a modern theatre. The TSC was one of the most important theatres of Europe in the eighteenth century thanks to its opera buffas, ballets, comedies and operas. This paper examines developments in the management system (private vs. public), the organisational structure, the artistic and administrative activities as well as the accounting practices of the TSC during a period of approximately fifty years (from 1737 to 1786).

Myth #7: The Myth of Measurement

The mantra that inspires healthcare systems is: “If you can’t measure it, you can’t manage it.” The measuring process is closely related to the epistemological ideal of modern science. This has been developed through a world simplification, which is considered useful to disclose principles that work under surrounding reality. The search for natural laws carries a distinctive component: phenomena are not accepted as they are, but they are instead transformed through abstraction and experimentation. What is considered as real is the result of abstraction and experimentation. This attitude, however, entails that some reality aspects are sacrificed in their variety and entirety. In economics, especially in the rational choice theory, the world, where we make decisions and judgments, is not real, but outward and accidental. In its stead, we find abstract constructions of expected utility maximization and pursuit of self-interest.