European and Anglo-Saxon Proprietorship & Entity Theories. An Integrated Approach.

Marco Angelo Marinoni, Andrea Cilloni, Giuseppe Galassi

Research output: Chapter in Book/Report/Conference proceedingConference contribution


The paper intends to focus on the analysis and comparison, based on the historical international perspective, of the "proprietorship theory" (Besta, Hatfield, Hügli, Schär, Sprague) with the "entity theory" (Paton, Schmalenbach, Zappa). The differences between the proprietorship and entity perspectives constitute a central issue in accounting theory and accounting practice as well. Moreover the paper stresses the contemporary debate about positive empirical accounting research on ERP, demonstrates the weakness, and limited adherence to the present economic setting, of the strict application of the "proprietorship theory". separated from the "entity theory". Instead, even if the implementation of IAS is mainly based on the proprietorship approach, ERP systems demonstrate the need to overcome the rigid separation of the two accounting approaches, fostering an integrated systematic view, which better copes with the complex, dynamic and instable business and economic reality. Keywords: Proprietorship theory, Entity theory, Management Control, Enterprise Resources Planning.
Original languageEnglish
Title of host publication12th World Congress of Accounting Historians - Istanbul, Turkey, Congress Proceedings, Vol. II ed. Assoc. Prof. Dr. Cengiz Toraman, Association of Accounting and Finance Academicians (AAFA)
Number of pages18
Publication statusPublished - 2008
Event12th World Congress of Accounting Historians - Istanbul
Duration: 18 Jul 200721 Jul 2007


Conference12th World Congress of Accounting Historians


  • Accounting
  • Entity
  • Proprietorship


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