Accounting and Big Data: Trends, opportunities and direction for practitioners and researchers

By | 2023-02-09T22:24:24+01:00 February 9th, 2023|

Gianluca Gabrielli, Alice Medioli, Paolo Andrei / Financial Reporting / 2-2022


Big Data, the Internet of Things and Machine Learning are only today starting to be widely used but are already attracting interest. They can generate a significant impact on business management. This article analyses use and exploitation of Big Data by business management, focusing on its role in reshaping accounting information systems. The Internet of Things and Machine Learning play a key role in obtaining insights and value in this complex world. Like other areas of business, the accounting function is showing growing interest in their possible applications. We analyze, from three perspectives, how big data impacts on the accounting role in supporting managers and decision-making process, also with the aim to define future research lines that scholars could explore. An internal perspective focuses on how big data can impact management accounting; an external perspective focuses on a new dimension of financial accounting and disclosure of information; and a third perspective, the control one, focuses on the impact of big data on internal and external audit procedures.

 


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Managerial discretion in authorising open market share repurchases: empirical evidence from the Italian context

By | 2017-12-22T14:45:24+01:00 December 22nd, 2017|

Roncagliolo Elisa/ Financial ReportingRiviste /Fascicolo: 2-2015


This paper contributes to existing literature on open market share repurchases in Italy by studying authorisations that the board of directors needs to obtain from the shareholders’ general meeting in order to acquire company’s own shares. In such a context, I investigate whether the buyback purpose that managers disclose in their report affects number of shares to be repurchased. Particularly, since managers could potentially benefit from share repurchase programmes carried out in the presence of stock option plans, I explore whether this motivation influences the number of shares they require to include in the buyback programme. In pursuit of my objectives, I analyse reports managers provide shareholders’ meeting to obtain the authorisation to acquire company’s own shares over a 6-year period (2004-2009) in Italian listed companies. Main results suggest that the buyback motivation affects number of shares managers intend repurchasing, highlighting the role of the quality of the board of directors in this issue.

Keywords: Buyback, stock option plans, management, board quality


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