کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1003814 937653 2007 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Financialized accounts: Share buy-backs, mark to market and holding the financial line in the S&P 500
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
Financialized accounts: Share buy-backs, mark to market and holding the financial line in the S&P 500
چکیده انگلیسی

In recent years the US corporate sector has deployed more cash from operations to finance the repurchase of outstanding share capital for treasury stock. Shares repurchased for treasury stock can help flatter earnings per share, fund senior management share option compensation schemes and finance corporate acquisitions. In financialized accounts these are now significant transactions which, it is argued, serve the financial interests of managers and investors.The US Financial Accounting Standards Board (FASB) is now demanding a “greater use of fair value measurements in financial statements” with the result that share options and corporate acquisitions will be “marked to market”. This will force a financialized ratchet because managers in the S&P 500 will need step up cash extraction if they are to hold the financial line.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Accounting Forum - Volume 31, Issue 2, June 2007, Pages 165–178
نویسندگان
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