IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2021i2p5-10.html
   My bibliography  Save this article

Ontology of Variability of Accounting for Financial Rent

Author

Listed:
  • Serhii Bardash

    (National University of Life and Environmental Sciences of Ukraine, Kiev, Ukraine)

  • Tetiana Osadcha

    (Kherson State University, Kherson, Ukraine)

Abstract

Research on financial rent has been at the forefront of economics since the middle of the twentieth century in market economies due to the growing role of financial capital and the formation of the stock market. Today some scholars believe that financial rent is a type of economic rent, so it should be reflected in accounting. The purpose of the article is to develop recommendations for the reflection of financial rent in the accounting system. This research has solved the following tasks: to determine significant differences in the understanding of financial rent in the theory of finance and the rent in economic theory; to identify the type of resource that produces financial rent; to form approaches to the assessment and accounting for financial rent. It was established that in financial science the concept of financial rent does not correlate with the concept of economic rent, but it is appropriate to consider the financial rent as income that should be reflected in the accounting system to ensure the effectiveness of further management decisions. The identification of the composition of financial resources for the needs of their accounting allowed to determine the type of financial instruments, as well as operations that will form the financial rent. Author's approaches to the recognition of financial rent as accounting object were presented and organizational and methodical provisions of accounting for financial rent were developed. In particular, the procedure for determining the amount of financial rent and its reflection in the accounts depending on the sources of its formation was proposed. The practical significance of the study results is to increase the informativeness of the accounting system for management staff in order to manage the efficiency of the enterprise.

Suggested Citation

  • Serhii Bardash & Tetiana Osadcha, 2021. "Ontology of Variability of Accounting for Financial Rent," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 5-10, June.
    • Handle: RePEc:iaf:journl:y:2021:i:2:p:5-10
    DOI: 10.33146/2307-9878-2021-2(92)-5-10
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/824-ontologiya-variativnosti-buhgalterskogo-obliku-finansovoi-renti.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/824/
    Download Restriction: no
    File URL: https://libkey.io/10.33146/2307-9878-2021-2(92)-5-10?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Dickson, Alex & MacKenzie, Ian A. & Sekeris, Petros G., 2018. "Rent-seeking incentives in share contests," Journal of Public Economics, Elsevier, vol. 166(C), pages 53-62.
    2. Keskin, Kerim, 2018. "Cumulative prospect theory preferences in rent-seeking contests," Mathematical Social Sciences, Elsevier, vol. 96(C), pages 85-91.
    3. Liu, Baohua & Lin, Yan & Chan, Kam C. & Fung, Hung-Gay, 2018. "The dark side of rent-seeking: The impact of rent-seeking on earnings management," Journal of Business Research, Elsevier, vol. 91(C), pages 94-107.
    4. Heijnen, Pim & Schoonbeek, Lambert, 2020. "Cross-shareholdings and competition in a rent-seeking contest," International Journal of Industrial Organization, Elsevier, vol. 71(C).
    5. Sergey Bardash & Tetiana Osadcha, 2018. "Identification Of Economic And Legal Preconditions For Rent Accounting," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(1).
    6. Tetiana Osadcha & Sergii Bardash, 2017. "Identification Of The Impact Of Globalization On The Development Of Accounting Methodology," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 3(5).
    7. Sergey Bardash & Tetiana Osadcha, 2018. "Accounting Of Results Of Rent Relations," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(4).
    8. Humphrey, Jacquelyn E. & Hunter, David & Hoang, Khoa & Wei, Wang Chun, 2020. "Managerial rents vs. shareholder value in closed-end funds: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 64(C).
    9. Schwab, Daniel & Werker, Eric, 2018. "Are economic rents good for development? Evidence from the manufacturing sector," World Development, Elsevier, vol. 112(C), pages 33-45.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sergiy Bardash & Tatiana Osadcha, 2022. "Tourist Rent In The System Of Rent Theory Concepts: The Accounting Aspect," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 8(1).
    2. Kjell Hausken, 2021. "Axiomatizing additive multi-effort contests," SN Business & Economics, Springer, vol. 1(11), pages 1-12, November.
    3. Du, Weijian & Li, Mengjie & Wang, Faming, 2020. "Role of rent-seeking or technological progress in maintaining the monopoly power of energy enterprises: An empirical analysis based on micro-data from China," Energy, Elsevier, vol. 202(C).
    4. Kjell Hausken, 2023. "Two-period Colonel Blotto contest with cumulative investments over variable assets with resource constraints," SN Business & Economics, Springer, vol. 3(11), pages 1-18, November.
    5. Boubaker, Sabri & Liu, Pei-Zhi & Ren, Yi-Shuai & Ma, Chao-Qun, 2024. "Do anti-corruption campaigns affect corporate environmental responsibility? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 91(C).
    6. Pies, Ingo & Hielscher, Stefan & Everding, Sebastian, 2020. "Do hybrids impede sustainability? How semantic reorientations and governance reforms can produce and preserve sustainability in sharing business models," Journal of Business Research, Elsevier, vol. 115(C), pages 174-185.
    7. Cai, Weixing & Hu, Feng & Xu, Fangming & Zheng, Liyi, 2022. "Anti-corruption campaign and corporate cash holdings: Evidence from China," Emerging Markets Review, Elsevier, vol. 51(PA).
    8. Na Yang & Jue Wang & Xiaming Liu & Lingyun Huang, 2022. "Home-country institutions and corporate social responsibility of emerging economy multinational enterprises: The belt and road initiative as an example," Asia Pacific Journal of Management, Springer, vol. 39(3), pages 927-965, September.
    9. Shiyuan Liu & Jiang Du & Weike Zhang & Xiaoli Tian, 2021. "Opening the box of subsidies: which is more effective for innovation?," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 11(3), pages 421-449, September.
    10. Tan, Jianhua & Wang, Zhan & Chan, Kam C., 2024. "Impact of social drinking culture on the cost of bank loans: Rent-seeking or loan-contracting efficiency," Economic Modelling, Elsevier, vol. 141(C).
    11. Andrey Zaytsev, 2020. "Rental Income Structure in Economy as a Basis for Sustainable Agrarian Relations in the Agro-Industrial Complex," Sustainability, MDPI, vol. 12(18), pages 1-20, September.
    12. Jonas Send, 2020. "Exclusivity of Groups in Contests," Working Papers tax-mpg-rps-2020-19, Max Planck Institute for Tax Law and Public Finance.
    13. Liqun Liu & Nicolas Treich, 2021. "Optimality of winner-take-all contests: the role of attitudes toward risk," Journal of Risk and Uncertainty, Springer, vol. 63(1), pages 1-25, August.
    14. Nikolay Dmitriev & Andrey Zaytsev & Lyudmila Dubanevich, 2020. "Determining the Strategic Prospects of an Enterprise by Assessing the Dynamics of its Intellectual Rent," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 16(4), pages 187-197.
    15. Xiujie Tan & Si Cheng & Yishuang Liu, 2024. "Green digital finance and technology diffusion," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-11, December.
    16. Wang, Zhihong & Li, Yangyang & Gu, Fu & Guo, Jianfeng & Wu, Xiaojun, 2020. "Two-sided matching and strategic selection on freight resource sharing platforms," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 559(C).
    17. Mo Chen & Rabia Bashir, 2022. "Role of e-commerce and resource utilization for sustainable business development: goal of economic recovery after Covid-19," Economic Change and Restructuring, Springer, vol. 55(4), pages 2663-2685, November.
    18. Abbas Khandan, 2022. "Externalities in the rent-seeking strategies of lobbying and bribery," Public Sector Economics, Institute of Public Finance, vol. 46(3), pages 421-450.
    19. Lin, Yan & Liu, Yijia & Chan, Kam C., 2021. "Political connections and product market competition: Effects and channels," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 801-816.
    20. Carlos Bethencourt & Fernando Perera‐Tallo, 2020. "On the relationship between sectorial and institutional structural changes," Metroeconomica, Wiley Blackwell, vol. 71(3), pages 533-565, July.

    More about this item

    Keywords

    financial rent; financial resources; financial instrument; financial rent accounting;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2021:i:2:p:5-10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.