Descripción del proyecto
IN THE CURRENT PROJECT, WE AIM TO EXPAND OUR PRIOR RESEARCH FOCUSING ON TWO IMPORTANT DEVELOPMENTS AND CHALLENGES THAT ACCOUNTING REGULATORS ARE FACING, ON THE ONE HAND, ACCOUNTING HAS BEEN SEVERELY CRITICIZED FOR NOT BEING ABLE TO PREVENT AND LIMIT THE NEGATIVE CONSEQUENCES OF THE FINANCIAL CRISIS OF 2007-2008, THIS CRISIS HAD ENDURING CONSEQUENCES THAT ARE STILL AFFECTING THE WORLD ECONOMY NOWADAYS, WHILE THE PRIOR RESEARCH OF THE GROUP IS ALREADY GEARING TOWARDS THE FINANCIAL SECTOR, WITH BADIA, DURO, PENALVA AND RYAN (2017) AND ALMANDOZ (2016) BEING TWO CLEAR EXAMPLES OF PAPERS THAT FOCUS ON ACCOUNTING REGULATIONS FOR FINANCIAL INSTITUTIONS, AND ON THE GOVERNANCE OF FINANCIAL INSTITUTIONS RESPECTIVELY, IN THE CURRENT PROJECT WE EXPECT TO DIG DEEPER INTO THE ROLE OF FINANCIAL ACCOUNTING, DISCLOSURE AND GOVERNANCE IN THE FINANCIAL SECTOR, WITH A SPECIAL FOCUS ON THE BANKING SECTOR,ALONG THESE LINES, THE RECENT ADOPTION IN 2018 OF NEW ACCOUNTING REGULATION FOR THE REPORTING OF FINANCIAL INSTRUMENTS (INTERNATIONAL FINANCIAL REPORTING STANDARD IFRS 9 IN THE EUROPEAN UNION HAS HAD A TREMENDOUS IMPACT ON FINANCIAL INSTITUTIONS, WE INTENT TO STUDY THE EARLY EFFECT OF THE ADOPTION OF THE NEW REGULATION ALONG THREE DIMENSIONS (BEATTY AND LIAO, 2014; RYAN 2012): A) INFORMATIVENESS, VALUATION AND RISK RELEVANCE IMPLICATIONS OF BANKS ACCOUNTING INFORMATION; B) FINANCIAL REPORTING DISCRETION AND ITS IMPACT ON EARNINGS MANAGEMENT AND CAPITAL REQUIREMENTS MANAGEMENT; C) EFFECT OF THE NEW ACCOUNTING REGULATION ON BANKS ECONOMIC BEHAVIOR, TO FURTHER UNDERSTAND THE ROOTS OF CORPORATE INTEGRATED REPORTING, WE INTEND TO EXPLORE THE LINKS BETWEEN BUSINESS ORGANIZATIONS, MEANINGFUL WORK, AND THE BROADER NEEDS OF SOCIETY, THE GUIDING THREAD OF THIS RESEARCH OBJECTIVE IS HOW THE NEED FOR PERSONAL MEANING AND THE NEEDS OF SOCIETY CAN BE INTEGRATED MORE FULLY WITHIN BUSINESS ORGANIZATIONS, THE THEORETICAL PERSPECTIVE IS SHAPED BY THE INSTITUTIONAL LOGICS LITERATURE (FRIEDLAND AND ALFORD, 1991; THORNTON, OCASIO, AND LOUNSBURY, 2012), WHICH DESCRIBES HOW DIFFERENT ORDERS COEXISTING IN SOCIETY ARE GOVERNED BY CONTRASTING VALUES AND STANDARDS OF LEGITIMACY, DIFFERENT ASSUMPTIONS AND RULES OF APPROPRIATENESS DETERMINE THE NORMS AND VALUES OF FAMILY, CORPORATE MARKET, COMMUNITY, RELIGION, AND POLITICAL ORDER, WE WANT TO ANSWER HOW THOSE INSTITUTIONAL LOGICS SHOULD BE INTEGRATED WITHIN A BUSINESS ORGANIZATION AND ULTIMATELY IN A FLOURISHING SOCIETY, IN THIS RESEARCH, WE ARE MOST INTERESTED IN SETTINGS THAT COMBINE DISTINCT INSTITUTIONAL LOGICS, SUCH AS A BUSINESSES AND SOCIAL ENTERPRISES COMBINING PROFIT-MAKING AND AN ENVIRONMENTAL MISSION, WE HOPE TO SHED LIGHT ON HOW BUSINESSES CAN RECONCILE DIFFERENT SOCIETAL PRIORITIES AND ESTABLISH APPROPRIATE SYSTEMS OF GOVERNANCE TO PAY ATTENTION TO THEM,FINALLY, AND CLOSELY RELATED TO THE AFOREMENTIONED TOPICS, WE WANT TO INVESTIGATE THE IMPACT OF DIGITAL DISRUPTION ON THE GOVERNANCE OF TECHNOLOGICAL PLATFORMS IN THE BANKING INDUSTRY, FEW ELEMENTS OF OUR ECONOMY ARE MORE AFFECTED BY RECENT DIGITAL DISRUPTION THAN THE FINANCIAL SYSTEM, INTERNET APIS, SMARTPHONES, BLOCKCHAIN TECHNOLOGY, MACHINE LEARNING AND DATA ANALYTICS (AMONG OTHER INNOVATIONS) ARE TRANSFORMING THE WAYS THE FINANCIAL SYSTEM FACILITATES TRADE AND STIMULATES THE CREATION OF ECONOMIC VALUE, MANY HAVE HAILED THE PENETRATION OF NEW TECHNOLOGIES IN THE FINANCIAL SYSTEM AS A WAY TO INCREASE ECONOMIC EFFICIENCY THROUGH THE REDUCTION OF TRANSACTION COS CONSERVADURISMO\INFORMACION ECONOMICO-FINANCIERA\CSR\BANCA\GOBIERNO CORPORATIVO\GENERO\INVERSION\RIESGO\COSTES FINANCIEROS