Corporate governance and earnings management ... - CEREG

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Figure 1 – Summary: Influence of social forces Lawyers Non-recognition Phase Creditors Bankers Creditors’ protection Non recognition with offset against equity Phase Tax administration Budgetary reasons Recognition with amortization Phase Capital markets Investors’ point of view: immediate profit Recognition with no amortization Phase 76
Figure 2 – Summary: Four phases of accounting regulation on goodwill: Pure static phase Weakened static phase Dynamic phase Actuarial phase 1880 1900 1917 1970 1982 1985 1990 2000 2001 2005 Germany Great Britain USA France 77
Page 1 and 2:
The four phases of accounting regul
Page 3 and 4:
Introduction It was several decades
Page 5 and 6:
All the countries examined (with th
Page 7 and 8:
another theory to explain standard
Page 9 and 10:
supplementary contribution in this
Page 11 and 12:
2.2. The bankers The bankers’ mai
Page 13 and 14:
2.4. The capital markets and profes
Page 15 and 16:
produce dramatically different fina
Page 17 and 18:
It is thus important to find out wh
Page 19 and 20:
The second view, rather larger, con
Page 21 and 22:
was “not merely immaterial but al
Page 23 and 24:
The first German law concerning goo
Page 25 and 26: Verley (1906, p. 39) considers Fren
Page 27 and 28: (1897, p. 46). He arrives at the co
Page 29 and 30: goodwill in the balance sheet at (u
Page 31 and 32: It is also clear that supporters of
Page 33 and 34: Clearly, the “retaining” techni
Page 35 and 36: principally leaning on the fact tha
Page 37 and 38: against equities and even to restri
Page 39 and 40: “balance sheet approach” and sy
Page 41 and 42: stock market capitalism. Tax doctri
Page 43 and 44: The AIA took an even clearer stand
Page 45 and 46: application of this “new” doctr
Page 47 and 48: Arthur Andersen came to the defense
Page 49 and 50: “advantageous” form (eliminatio
Page 51 and 52: confers a certain value” (CNC, 19
Page 53 and 54: the part of companies (Brown, 1998,
Page 55 and 56: condition that these rules will be
Page 57 and 58: IASC and the FASB before 2001. That
Page 59 and 60: lawyers, or bankers defending credi
Page 61 and 62: accounting system has gone from a p
Page 63 and 64: most popular means of funding the i
Page 65 and 66: (due partly to the needs coming fro
Page 67 and 68: 5. Conclusion Our article sets out
Page 69 and 70: Bensadon, D. (2002). La consolidati
Page 71 and 72: Greve, H. (1933). Die Behandlung de
Page 73 and 74: Niehus, R. (1986). Protokoll der ö
Page 75: Wolff, W. (1967). Accounting for in
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