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El capital social cooperativo en derecho español y su armonización con las normas internacionales de contabilidad

Co-operative share capital in the spanish law and its harmonization with the international accounitng standars

Manuel Paniagua Zurera

MPRA Paper from University Library of Munich, Germany

Abstract: The variability of share capital is the technical instrument used by cooperative, national and Community law to achieve the fulfilment of the cooperative principle of voluntary adhesion and voluntary withdrawal. Progressively, the regime of cooperative share capital has added rules and techniques of business corporations. The interpretative standard IFRIC 2, and the IAS 32 itself, do not know the singularities of the co-operative model of business organization, as they are designed for limited corporations or, at least, for those that issue quoted securities; and they ignore the referred evolution in the legal regime of the cooperative share capital. Nevertheless, cooperative societies can not be left aside of the international accounting standards. The IAS 32 itself provides the appropriate instrument to qualify the cooperative shares: compound financial instruments. But, research of the imminent reform of cooperative share capital in the State Law of Cooperatives reveals rush and non critical reception of the mentioned international accounting standards

Keywords: Cooperative; share; capital.; Liability.; Compound; financial; instrument.; Reform; of; the; state; legislation; on; cooperatives (search for similar items in EconPapers)
JEL-codes: M41 P13 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-acc and nep-reg
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https://mpra.ub.uni-muenchen.de/2410/1/MPRA_paper_2410.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/2673/1/MPRA_paper_2673.pdf revised version (application/pdf)

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