DE L'IMPACT DES NORMES COMPTABLES SUR LE COMPORTEMENT DES MANAGERS: LE CAS DES TRÉSORIERS D'ENTREPRISE

Bernard Gumb (), Philippe Dupuy () and Stéphane Jaumier ()
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Bernard Gumb: GDF - Gestion, Droit et Finance - EESC-GEM Grenoble Ecole de Management
Philippe Dupuy: GDF - Gestion, Droit et Finance - EESC-GEM Grenoble Ecole de Management
Stéphane Jaumier: GDF - Gestion, Droit et Finance - EESC-GEM Grenoble Ecole de Management

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Abstract: This article is about the impact of accounting standards, especially the change thereof, on the behavior of managers. The latter are in our case corporate treasurers. Relying on around fifty semi-open interviews, we find that corporate treasurers tend to apply an accounting logic that may be in contradiction with the optimal economic management of the firm. This is in line with the scarce literature on the topic. The fear of increased volatility of earnings is central to their concerns. Also, the complexity of the process for qualifying financial instruments as hedging ones is key. However, we also show that the behaviors of the corporate treasurers toward these factors are neither stable nor homogeneous. They are rather the outcome of a collective learning process in which the corporate treasurer is only an actor. Therefore, we show how the map tends to redraw the territory.

Keywords: corporate treasurers; accounting standards; behavior; hedging; trésoriers; IFRS; normes; comportement; couverture (search for similar items in EconPapers)
Date: 2012-05-21
Note: View the original document on HAL open archive server: https://hal.science/hal-00691040v1
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Published in Comptabilités et innovation, May 2012, Grenoble, France. pp.cd-rom

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00691040

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