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dc.contributorUniversitat Ramon Llull. IQS
dc.contributor.authorGarcía Blandón, Josep
dc.contributor.authorRavenda, Diego
dc.contributor.authorValencia Silva, Maika Melina
dc.contributor.authorArgilés Bosch, Josep M.
dc.date.accessioned2020-07-01T17:36:24Z
dc.date.accessioned2023-07-13T05:44:10Z
dc.date.available2020-07-01T17:36:24Z
dc.date.available2023-07-13T05:44:10Z
dc.date.issued2018-01
dc.identifier.urihttp://hdl.handle.net/20.500.14342/1022
dc.description.abstractPurpose The purpose of this paper is to investigate how accounting is used to disguise and carry out money laundering activities in specific socio-economic and political contexts and whether discretionary accruals can provide evidence of such illicit practices performed through legally registered Mafia firms (LMFs). Design/methodology/approach The study is based on a sample of 224 Italian firms identified as LMFs, due to having been confiscated by judicial authorities because of their owners being accused of Mafia-type association. Using a multivariate regression model, specifically developed discretionary accrual proxies for LMFs are compared with those of a population of lawful firms (LWFs). Findings The results reveal that in the pre-confiscation years, LMFs manage aggregate, revenue and expense accruals more than LWFs do, in order to smooth earnings and disguise/carry out money laundering. In contrast, in the post-confiscation years, there is no significant difference in the level of accrual management between LMFs and LWFs, as a consequence of the effective intervention of legal administrators. Originality/value This study adopts discretionary revenue and expense accrual proxies that provide additional insight into the simultaneous manipulation of revenues and expenses, linked to money laundering, which may not be fully detected by traditional aggregate accrual models. Furthermore, it suggests that the incentive for LMFs to manage accruals may be fostered by the irrelevance of their financial statements to trades with stakeholders. Finally, this paper may provide regulators with financial accounting signals which could be included in risk assessment models aiming to detect money laundering activities within firms.eng
dc.format.extent48 p.cat
dc.language.isoengcat
dc.publisherEmeraldcat
dc.relation.ispartofAccounting, Auditing and Accountability Journal. Vol. 31, n.1 (2018), p.286-317cat
dc.rights© Emerald Publishing
dc.rightsAttribution-NonCommercial 4.0 International
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/
dc.sourceRECERCAT (Dipòsit de la Recerca de Catalunya)
dc.subject.otherFraucat
dc.subject.otherBlanqueig de dinerscat
dc.subject.otherProcessos mafiososcat
dc.subject.otherMàfiacat
dc.subject.otherMafia firmscat
dc.titleAccrual management as an indication of money laundering through legally registered Mafia firms in Italycat
dc.typeinfo:eu-repo/semantics/articlecat
dc.typeinfo:eu-repo/semantics/acceptedVersioncat
dc.rights.accessLevelinfo:eu-repo/semantics/openAccess
dc.embargo.termscapcat
dc.subject.udc65
dc.identifier.doihttps://doi.org/10.1108/AAAJ-12-2015-2329cat


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Except where otherwise noted, this item's license is described as http://creativecommons.org/licenses/by-nc/4.0/
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