Logica probabilistica nelle valutazioni d'azienda. Variabilità e congruenza del capitale economico.

Translated title of the contribution: [Autom. eng. transl.] Probabilistic logic in company valuations. Variability and congruence of economic capital.

Research output: Contribution to journalArticlepeer-review

Abstract

[Autom. eng. transl.] This paper aims to highlight the important role of accounting and non-accounting data in company decisions, highlighting the need for correct interpretation and critical appreciation. Estimates and conjectures pervade the determinations of company values and therefore require reliability and congruence for their rational use in decisions and control. These conclusions are reached after the analysis of the main theories of the Masters of Business Economics and in particular of the personalistic theory of the accounts of Cerboni, or contractual theory, of the patrimonialist theory of Besta and of the systemic theory of Zappa. The development of these theories has allowed the evolution of the knowledge of the company and of its link with the environment, which, as is known, is outlined in a variously disturbed and uncertain perspective. We then underline some critical aspects of the more traditional methods of determining economic capital, thus favoring stochastic methodologies, supported by applications such as the Matrix Laboratory, MATLAB, and the income smoothing & capital maintenance logic. The debate between Professor Pietro Onida and Professor Raymond J. Chambers (Magazine of Chartered Accountants (1970) XXIV (6): 995-1033) is profoundly helpful in this regard. The approach of RJ Chambers, continously contemporary accounting, CoCoA, however, wants to be interpreted as an integrated component to the doctrine of Business Economics, not an end in itself but for an increase in accounting and extra-accounting information, in order to reduce as much as possible the uncertainty and risk inherent in company decisions and decisions.
Translated title of the contribution[Autom. eng. transl.] Probabilistic logic in company valuations. Variability and congruence of economic capital.
Original languageItalian
Pages (from-to)1-45
Number of pages45
JournalRIVISTA ITALIANA DI RAGIONERIA E DI ECONOMIA AZIENDALE
Publication statusPublished - 2007

Keywords

  • Azienda
  • Capitale economico
  • Valutazione
  • stabilizzazione reddito

Fingerprint

Dive into the research topics of '[Autom. eng. transl.] Probabilistic logic in company valuations. Variability and congruence of economic capital.'. Together they form a unique fingerprint.

Cite this