“PROPRIETÀ” VERSUS “CONTROLLO”: POLITICHE DI BILANCIO NELLA DELIMITAZIONE DELL’AREA DI CONSOLIDAMENTO IN ITALIA E NEGLI STATI UNITI
Abstract
The IAS/IFRS and the U.S. GAAP define the consolidation area according to the principle of control, following a principles based approach. The paper aims at contribute at the "rules versus principles” debate focusing on the definition of the consolidation area. Empirical analysis on Italian and U.S. public companies indicate that: i) companies are more likely to adopt the rules based approach; ii) U.S. companies show some aggressive behaviors aimed to exclude companies from the consolidation area.
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