Partiendo de un análisis del comportamiento de los mercados de valores es adecuado la implementación de las normas internacionales de información financiera en nuestro país

Jennifer Lorena Gómez Contreras

Econógrafos, Escuela de Economía from Universidad Nacional de Colombia, FCE, CID

Abstract: This document is immersed in the domination of financial accounting, specifically the regulation of accounting and financial information. Using as main arguments Colombian market efficiency, the amount of criticisms that had had the efficient markets hypothesis and -of course- the imposition of an international accounting model, which omits the understanding of social, economic, political and cultural context in our country.We will try to answer the questions: What factors should be observed in the study of a possible implementation of International Accounting Standards Boards (IASB), What aspects are inadequate and prevent the implementation?. These issues are approached from an alternative perspective to the conventional, from a critical perspective in accounting. This article is divided into three parts. The first gives us a vision of how stock markets behave.In the second, we present a rethinking done about, why?, what for? and for whom? is important to generate accounting information. And third, we analyze the applicability of international standards to our country, throwing the conclusion that there are several factors that contribute to the implementation of international standards could be inappropriate for us.

Keywords: efficient markets hypothesis; efficient markets theory; stock market; crisis; profit paradigm; Fair Value (search for similar items in EconPapers)
JEL-codes: G14 M41 (search for similar items in EconPapers)
Pages: 21
Date: 2011-01
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Persistent link: https://EconPapers.repec.org/RePEc:col:000176:022768

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