Short Notes about Financial Reporting in Italian Family Businesses

The main purpose of the paper is to analyse some features regarding economic and financial communication in Italian family companies. This is a theoretical essay focuses on to point out the new role played by balance sheet as a public document which carries all information needed by players operatin...

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Main Author: Paolo RICCI
Format: Article
Language:English
Published: Editura ASE 2011-03-01
Series:Revista de Management Comparat International
Subjects:
Online Access:https://www.rmci.ase.ro/no12vol1/06.pdf
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author Paolo RICCI
author_facet Paolo RICCI
author_sort Paolo RICCI
collection DOAJ
description The main purpose of the paper is to analyse some features regarding economic and financial communication in Italian family companies. This is a theoretical essay focuses on to point out the new role played by balance sheet as a public document which carries all information needed by players operating both inside and outside the company. Paper shows the long and troubled process of transforming balance sheet from internal document to an official document useful to stakeholder to measure and evaluate family business performance and to implement accountable and responsible behaviour. The most important aspects being considered are: 1) the relationship linking balance sheet and stakeholders; 2) the relationship between company-family and patrimony-marriage; 3) the consequences caused to the balance sheet by measurement regulations.
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spelling doaj-art-df465f7b18414d1d85ffc18cb35362af2024-12-07T14:23:43ZengEditura ASERevista de Management Comparat International1582-34582601-09682011-03-011217383Short Notes about Financial Reporting in Italian Family Businesses Paolo RICCI 0Università degli Studi del Sannio – Benevento, Italy The main purpose of the paper is to analyse some features regarding economic and financial communication in Italian family companies. This is a theoretical essay focuses on to point out the new role played by balance sheet as a public document which carries all information needed by players operating both inside and outside the company. Paper shows the long and troubled process of transforming balance sheet from internal document to an official document useful to stakeholder to measure and evaluate family business performance and to implement accountable and responsible behaviour. The most important aspects being considered are: 1) the relationship linking balance sheet and stakeholders; 2) the relationship between company-family and patrimony-marriage; 3) the consequences caused to the balance sheet by measurement regulations. https://www.rmci.ase.ro/no12vol1/06.pdffamily businessbalance sheetaccountabilityfinancial reportingfirm behaviourstakeholders
spellingShingle Paolo RICCI
Short Notes about Financial Reporting in Italian Family Businesses
Revista de Management Comparat International
family business
balance sheet
accountability
financial reporting
firm behaviour
stakeholders
title Short Notes about Financial Reporting in Italian Family Businesses
title_full Short Notes about Financial Reporting in Italian Family Businesses
title_fullStr Short Notes about Financial Reporting in Italian Family Businesses
title_full_unstemmed Short Notes about Financial Reporting in Italian Family Businesses
title_short Short Notes about Financial Reporting in Italian Family Businesses
title_sort short notes about financial reporting in italian family businesses
topic family business
balance sheet
accountability
financial reporting
firm behaviour
stakeholders
url https://www.rmci.ase.ro/no12vol1/06.pdf
work_keys_str_mv AT paoloricci shortnotesaboutfinancialreportinginitalianfamilybusinesses