http://www.recercat.cat:80/handle/2072/195753 Wed, 22 May 2013 03:18:08 GMT 2013-05-22T03:18:08Z http://www.recercat.cat:80/bitstream/id/49601/ http://www.recercat.cat:80/handle/2072/195753 http://www.recercat.cat:80/handle/2072/195903 Accounting research: a critical view of the present situation and prospects Argilés Bosch, Josep M.; García Blandón, Josep In this study we critically review the internal procedures of the accounting community for generating and disseminating knowledge. We contend that academic journals on accounting research are scarce, publish few articles and apply high rejection rates, and the review process is lengthy and expensive. Additionally, an academic elite has unparalleled predominance in comparison to other business disciplines, reflected in an unusual share of published articles with authors affiliated to a small number of academic institutions, and the predominance of certain topics and methodologies. The discipline does not allow the collaborative, iterative and flexible features of innovative knowledge communities. The discipline¿s internal procedures favour restriction, control, slowness, and expiration, rather than participation, speed and renewal. They are ill suited for advancing knowledge and bode badly for successful research. As a result, accounting academics present low research performance and the discipline is facing steady decline. More importantly, the discipline is handicapped in producing innovative knowledge able to contribute to critical research and long term social well-being. We also focus on the Spanish institutional situation, arguing that Spanish requirements for reaching tenured positions are difficult for accountants to meet. We highlight the need to raise awareness of the problem and change the procedures. http://www.recercat.cat:80/handle/2072/195903 http://www.recercat.cat:80/handle/2072/195904 Fair value versus historical cost-based valuation for biological assets: predictability of financial information Argilés Bosch, Josep M.; García Blandón, Josep; Monllau, Teresa There is an intense debate on the convenience of moving from historical cost (HC) toward the fair value (FV) principle. The debate and academic research is usually concerned with financial instruments, but the IAS 41 requirement of fair valuation for biological assets brings it into the agricultural domain. This paper performs an empirical study with a sample of Spanish farms valuing biological assets at HC and a sample applying FV, finding no significant differences between both valuation methods to assess future cash flows. However, most tests reveal more predictive power of future earnings under fair valuation of biological assets, which is not explained by differences in volatility of earnings and profitability. The study also evidences the existence of flawed HC accounting practices for biological assets in agriculture, which suggests scarce information content of this valuation method in the predominant small business units existing in the agricultural sector in advanced Western countries http://www.recercat.cat:80/handle/2072/195904 http://www.recercat.cat:80/handle/2072/195902 Un modelo de predicción de la insolvencia empresarial basado en variables financieras. Su aplicación al caso textil catalán (1994-1997) Somoza López, Antonio; Vallverdú Calafell, Josep En este documento se formula un modelo de predicción de la insolvencia a través de la combinación de diferentes variables cuantitativas extraídas de los estados contables de una muestra de empresas para los años 1994-1997. Partiendo del modelo de flexibilidad financiera de Donaldson, que es adaptado por Van Frederikslust a la predicción de la insolvencia, lo que aquí se expone es una aplicación a una muestra de empresas de los sectores textil y confección. Aunque los resultados no son alentadores, lo más importante es destacar cómo a través de una modelización de este tipo, probamos una formulación teórica del problema.; In this paper an insolvency prediction model is formulated through a combination of different quantitative variables extracted from the Annual Accounts of sample firms for the period 1994-1997. Adapting Donalson's model of financial flexibility, Van Frederikslust applied this to the insolvency prediction. In this paper, we apply the model to a sample of textile industry firms. Although the results were not positive, the mast important thing is to highlight in which way we attained discriminant insolvency prediction models and tested a theoretical formulation of this problem. http://www.recercat.cat:80/handle/2072/195902