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Essor des marchés boursiers et croissance de l’immatériel:de nouveaux défis pour la comptabilité

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  • Pascal Dumontier

    (HEC Genève)

Abstract

(VF)À cause de l’essor des marchés boursiers, pour satisfaire les besoins des investisseurs, la comptabilité doit mieux rendre compte des faits créateurs de valeur. Or, du fait de la croissance des investissements immatériels, la comptabilité est de moins en moins apte à fournir des chiffres qui reflètent la valeur de l’entreprise. Cet article analyse ce paradoxe qui constitue un véritable défi pour les organismes de normalisation comptable. (VA) Because of the rapid growth of capital markets, financial accounting information has become more and more oriented toward the disclosure of value-relevant events to satisfy the information needs of market participants. At the same time, because firms invest increasingly in intangibles, the value-relevance of accounting figures has been continuously declining. The present article analyses this paradox, which constitutes a genuine challenge to accounting-standards -setting bodies.

Suggested Citation

  • Pascal Dumontier, 2004. "Essor des marchés boursiers et croissance de l’immatériel:de nouveaux défis pour la comptabilité," Revue Finance Contrôle Stratégie, revues.org, vol. 7(2), pages 11-32, June.
    • Handle: RePEc:dij:revfcs:v:7:y:2004:i:q2:p:11-32
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    References listed on IDEAS

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    More about this item

    Keywords

    données comptables; marchés financiers; cours de bourse; investissement immatériel; accounting data; capital markets; stock prices; intangible assets;
    All these keywords.

    JEL classification:

    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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