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Juste Valeur, Controle Interne Et Corporate Governance : Comment L’Information Financiere Ne Peut Pas Etre Comptable Et Transparente

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  • Lambert Jerman

    (HEC Montréal - HEC Montréal)

Abstract

For the dominant principles of « good » governance since the Cadbury report was released in 1992, corporate governance is defined as an agency conflict between shareholders and managers. With fair value, financial information thus embodies a way of solving this conflict through transparency and the discipline of internal control. Using an unusual research design using a participant observation, I show instead how far the rational forms of governance rely on a set of illusions. More specifically, I highlight that because of its basis on management instruments that make technical expertise the unchallenged foundation of performance representation, fair value is a vector for new moral hazard situations.

Suggested Citation

  • Lambert Jerman, 2014. "Juste Valeur, Controle Interne Et Corporate Governance : Comment L’Information Financiere Ne Peut Pas Etre Comptable Et Transparente," Post-Print hal-01899776, HAL.
    • Handle: RePEc:hal:journl:hal-01899776
    Note: View the original document on HAL open archive server: https://hal.science/hal-01899776
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    References listed on IDEAS

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