International Accounting Principles (IAS/IFRS), Share Capital and Net Worth
Abstract
I. Introduction
It is not the intention of this piece of writing to deal with the problem of whether the legal capital still constitutes the main and unavoidable safeguard for creditors. It only intends to examine the consequences that the IAS/IFRS accounting discipline produces on the composition and the entity of the net worth – modifying the measure of profit resulting from the financial statements – as well as on the discipline of the “new” net components. Following this, it would like to take into examination whether the Italian discipline of the legislative decree (28th February, 2005, no. 38) enables to avoid negative consequences deriving from IAS/IFRS principles concerning the safeguard of share capital, or even to improve – in some way – safeguards for creditors.
© Walter de Gruyter
Articles in the same Issue
- Cross-border Offers of Securities in the EU: The Standard Life Flotation
- Constraining Dominant Shareholders' Self-Dealing: The Legal Framework in France, Germany, and Italy
- Corporate Groups and Creditors Protection: An Approach from a Spanish Company Law Perspective
- International Accounting Principles (IAS/IFRS), Share Capital and Net Worth
- Discriminating Shareholders through the Exclusion of Pre-emption Rights? – The European Infringement Proceeding against Spain (C-338/06) –
Articles in the same Issue
- Cross-border Offers of Securities in the EU: The Standard Life Flotation
- Constraining Dominant Shareholders' Self-Dealing: The Legal Framework in France, Germany, and Italy
- Corporate Groups and Creditors Protection: An Approach from a Spanish Company Law Perspective
- International Accounting Principles (IAS/IFRS), Share Capital and Net Worth
- Discriminating Shareholders through the Exclusion of Pre-emption Rights? – The European Infringement Proceeding against Spain (C-338/06) –
