Titolo completo
FINANCIAL REPORTING
Editore
FrancoAngeli
ISSN
2036-671X (Rivista Stampata)
2036-6779 (Rivista Online)
Numero del fascicolo
1
Designazione del fascicolo
1
Data del fascicolo
2021
Titolo completo
Is risk reporting a possible link between financial and management accounting in private firms?
Di (autore)
Prima Pagina
29
Ultima Pagina
60
Lingua del testo
Inglese
Data di publicazione
2021/06
Copyright
2021 FrancoAngeli srl
Introduzione o prefazione
This study represents a theoretical analysis with the purpose to continue the discussion on the relationship between management accounting (MA) and financial accounting (FA), by concentrating on the role of risk reporting as a possible manifestation of their convergence. Moreover, the analysis focuses on the private-firm sector as private firms represent the backbone of the economic system of several countries and little is known about financial and non-financial reporting. Drawing on the neo- Durkheimian institutional theory, this paper develops a conceptual framing that considers risk as an embedded element of the business domain and risk reporting as a direct outcome of the convergence between MA and FA in private firms. Furthermore, the neo-Durkheimian institutional theory emphasizes that the owners and managers' risk attitude is a crucial element affecting risk disclosure, especially in private firms.
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