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De L'Impact Des Normes Comptables Sur Le Comportement Des Managers : Le Cas Des Trésoriers D'Entreprise


  • Bernard Gumb

    () (GDF - Gestion, Droit et Finance - Grenoble École de Management (GEM))

  • Philippe Dupuy

    () (GDF - Gestion, Droit et Finance - Grenoble École de Management (GEM))

  • Stéphane Jaumier

    () (GDF - Gestion, Droit et Finance - Grenoble École de Management (GEM))


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.

Suggested Citation

  • Bernard Gumb & Philippe Dupuy & Stéphane Jaumier, 2012. "De L'Impact Des Normes Comptables Sur Le Comportement Des Managers : Le Cas Des Trésoriers D'Entreprise," Grenoble Ecole de Management (Post-Print) hal-00691040, HAL.
  • Handle: RePEc:hal:gemptp:hal-00691040
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    References listed on IDEAS

    1. Jackson, Scott B. & Rodgers, Theodore C. & Tuttle, Brad, 2010. "The effect of depreciation method choice on asset selling prices," Accounting, Organizations and Society, Elsevier, vol. 35(8), pages 757-774, November.
    2. repec:bla:joares:v::y:1972:i::p:156-182 is not listed on IDEAS
    3. Christian Laux & Christian Leuz, 2010. "Did Fair-Value Accounting Contribute to the Financial Crisis?," Journal of Economic Perspectives, American Economic Association, vol. 24(1), pages 93-118, Winter.
    4. Zhang, Haiwen, 2009. "Effect of derivative accounting rules on corporate risk-management behavior," Journal of Accounting and Economics, Elsevier, vol. 47(3), pages 244-264, June.
    5. Mary Barth & Wayne Landsman, 2010. "How did Financial Reporting Contribute to the Financial Crisis?," European Accounting Review, Taylor & Francis Journals, vol. 19(3), pages 399-423.
    6. Fatima Alali & Bikki Jaggi, 2011. "Earnings versus capital ratios management: role of bank types and SFAS 114," Review of Quantitative Finance and Accounting, Springer, vol. 36(1), pages 105-132, January.
    7. Arnold, Patricia J., 2009. "Global financial crisis: The challenge to accounting research," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 803-809, August.
    8. repec:bla:joares:v::y:1972:i::p:189-193 is not listed on IDEAS
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    More about this item


    corporate treasurers; accounting standards; behavior; hedging; trésoriers; IFRS; normes; comportement; couverture;

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