Financial Information and Accounting Regulation (FIAR)

Rendez vous Européen de Strasbourg Mai 2015

The FIAR research axe convenes and develops research actions concerned with accounting, reporting, auditing and control; financial market microstructure (including corporate governance and prudential regulation); and economic organisation of business, non-business and financial entities, with a view to social welfare, financial stability and systemic risk. Specific attention is devoted to matters of funding, coordination, responsibility and accountability for economy and society.

Prof. Yuri Biondi (Cnrs – ESCP Europe ) is the research director of the FIAR axe.

The FIAR axe organised an international workshop under the auspices of the European Parliament on ‘Which Accounting Regulation for Europe’s Economy and Society’, Strasbourg, on 20 May 2015.

 

Research Projects

System Analysis

Financial System Dynamics and Regulation

This research project aims to develop and apply agent-based modelling, computational and simulation techniques, and dynamic systems analysis to better understand the financial system dynamics and the evolving interaction of financial rules and norms with corporate structures and behaviours. Baseline modelling draws upon an original artificial financial market populated by heterogeneous interacting investors which trade under alternative institutional regimes. Research matters include : (i) coordination issues among financial intermediaries, including networks, financial contagion and systemic risk; (ii) structure and impact of prudential supervision and regulation on financial stability and resilience; (iii) diverse sources of information (disclosure, financial media, rumors); (iv) sophisticated and evolving trading strategies; (v) fundamental financial analysis as either investment strategy (à la Ohlson and Penman), or financial economic analysis of financial market performance (à la Shiller); (vi) alternative mechanisms of opinion dynamics (including social networks); (vii) alternative market price clearing protocols (e.g. pseudo-walrasian, bilateral matching, matching with intermediaries).

Research Team:

Working papers
  • Biondi, Yuri and Zhou, Feng (2017), Interbank Credit and the Money Manufacturing Process. A Systemic Perspective on Financial Stability. Financial Regulation Research Lab (Labex ReFi) Working Paper, Paris, February 2017. Available at SSRN: https://ssrn.com/abstract=2924402
  • Biondi, Yuri and Righi, Simone (2015), Inequality, Mobility and the Financial Accumulation Process: A Computational Economic Analysis. 2nd International Workshop on “Financial Markets and Nonlinear Dynamics” (FMND), Paris, 4-5 June 2015. DOI: http://dx.doi.org/10.2139/ssrn.2628536
  • Biondi, Yuri and Righi, Simone (2015), ‘What Does the Financial Market Pricing Do? A Simulation Analysis with a View to Systemic Volatility, Exuberance and Vagary’. 25th Annual EAEPE Conference 2013, Research Area S (Evolutionary Economic Simulation), Paris, November 2013. DOI: http://dx.doi.org/10.2139/ssrn.2355719
Events
  • (Yuri Biondi and Simone Righi) Presentations at the 2nd International Workshop on “Financial Markets and Nonlinear Dynamics” (FMND), Paris, 4-5 June 2015
  • (Yuri Biondi) Applied Economics Lunch Seminar, Paris School of Economics (PSE), 2 June 2015
  • (Simone Righi) Presentation at 20th Annual Workshop on the Economic Science with Heterogeneous Interacting Agents (WEHIA 2015), 21-23 May, 2015, Sophia Antipolis, France
  • (Yuri Biondi) ‘Modeling financial market dynamics’, Interdisciplinary Seminar Series (SOMS), COSS Professorship, ETH Zurich, 5 May 2015
  • (Yuri Biondi) Presentation at the 3rd Workshop On Sociophysics, CEVIPOF, Paris, 30-31 March 2015
  • (Simone Righi) Presentation at the 27th Annual EAEPE Conference 2015, Research Area S (Evolutionary Economic Simulation), University of Genova, Genoa, 17-19 September 2015
  • (Yuri Biondi) Econophysics Colloquium 2015, Prague, 14-16 September 2015
  • (Yuri Biondi and Simone Righi) Presentations at the Third International Symposium in Computational Economics and Finance (ISCEF), Paris, 10-12 April, 2014
  • (Yuri Biondi) Presentation at the 26th Annual EAEPE Conference 2014, Research Area S (Evolutionary Economic Simulation), University of Cyprus, Nicosia, 6-8 November 2014
  • (Yuri Biondi) Presentation at Eastern Economic Association 39th Annual Conference, New York, 9-11 May 2013
  • (Yuri Biondi and Simone Righi) Presentations at the 25th Annual EAEPE Conference 2013, Research Area S (Evolutionary Economic Simulation) Paris, 8 November 2013
Publications
  • Biondi, Yuri (2015), ‘Accounting and the formation of share market prices over time: a mathematical institutional economic analysis through simulation and experiment’, Applied Economics, 2015. DOI: http://dx.doi.org/10.1080/00036846.2015.1021461
  • Biondi, Yuri and Righi, Simone (2015) ‘What Does the Financial Market Pricing Do? A Simulation Analysis with a View to Systemic Volatility, Exuberance and Vagary’. Journal of Economic Interaction and Coordination, 2015. DOI: http://dx.doi.org/10.1007/s11403-015-0159-3
Pension Obligations

Public Sector Accounting and Finances of Pension Obligations

This research project aims to analyse and assess existing and alternative modes of pension management with a specific attention to the public sector. It draws upon a comprehensive review of pension models, standards and managerial practices to elaborate a theoretical and heuristic model of pension management in view to clarify and improve on pension protection, that is, the assurance of continued provision of pension payments at their agreed levels under viable alternative modes of pension management. Drawing upon this model, it aims at further providing policy recommendations for accounting and prudential regulations concerned with pension obligations.

Research team

Working papers

Biondi, Yuri, Boisseau Sierra, Marion (2017) Pension management between financialization and intergenerational solidarity: A socio-economic analysis and a comprehensive model, Socio-Economic Review, forthcoming

Biondi, Yuri, Boisseau Sierra, Marion (2016) Accounting for Employee Benefits, entry in: Global Encyclopedia of Public Administration, Public Policy, and Governance. Edited by Ali Farazmand, July 2016. DOI: http://dx.doi.org/10.1007/978-3-319-31816-5_2287-1

Biondi, Yuri and Sierra, Marion (2015), ‘Accounting for Pension Flows and Funds: A Case Study for Accounting, Economics and Public Finances’. EGPA XII Permanent Study Group Public Sector Financial Management Workshop, Zurich-Winterthur (Switzerland), May 7-8, 2015. DOI: http://dx.doi.org/10.2139/ssrn.2606547

Biondi, Yuri and Boisseau, Marion (2015), Pension Management between Financial Market Development and Intergenerational Solidarity: A Socio-Economic Analysis and a Comprehensive Model . EGPA 2015 Annual Conference, Toulouse, 26-28 August 2015. DOI : http://dx.doi.org/10.2139/ssrn.2661718

Events
  • (Yuri Biondi and Marion Sierra) Presentation at 15th Biennial CIGAR Conference, University of Malta, Valletta (Malta), 4 – 5 June 2015
  • (Yuri Biondi and Marion Sierra) Presentation at 2015 EGPA Annual Conference, Toulouse, 26-28 August 2015
  • Presentation at the EGPA Permanent Study Group XII “Public Sector Financial Management” Workshop, Zurich, 7-8 May 2015.
  • (Yuri Biondi and Simone Righi) Presentations at the Third International Symposium in Computational Economics and Finance (ISCEF), Paris, 14-16 April, 2016
  • (Yuri Biondi, Simone Righi) Presentation at the 21st annual Workshop on the Economic Science with Heterogeneous Interacting Agents (WEHIA), Jaume I University of Castellón, June 22-24, 2016
  • (Yuri Biondi, Marion Boisseau Sierra) Seminar at Waseda University, Tokyo, November 2016
Publications
  • (Yuri Biondi, Marion Boisseau Sierra) Plenary Roundtable on ‘How to account for pension obligations: Concerns of Representation, Accountability and Intergenerational Solidarity’, 14th International Conference on Pensions, Insurance and Savings, University of Paris Dauphine and Berkeley University, Paris, 10th May 2016. URL: http://yuri.biondi.free.fr/downloads/Dauphine2016.pdf

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High Frequency Trading

High Frequency Trading: market dynamics, information and regulation

This project focuses on the relationship between market quality and market microstructure, with specific attention paid to economic behavior and information conditions.
One research target is to study the effectiveness of different rules implemented by market regulator, such as French high-frequency trading transaction tax or Italian Order-to-Trade ratio tax, to slow down the manipulation trading activities. We focus on the impact of these rules on market quality measured by liquidity and volatility. Additionally, we study the question whether these taxes lead to reduction of high-frequency trading activities and a declining in trading volume. Moreover, we propose recommendations in terms of market rules that have not been yet introduced using artificial market framework. For this purpose we use the Artificial Open Market (ATOM) platform. We also use high frequency millisecond grain data on trades as well as message traffic on Euronext 100 collected from Eurofidai to shed some new light on the effect of the French HFT tax on trading activities and to calibrate our artificial market model.

Research team

Iryna Veryzhenko –  CNAM de Paris

Nathalie Oriol –University of Nice Sophia-Antipolis

Etienne Harb – ESSCA

Lise Arena – University of Nice Sophia-Antipolis

Wael Louhichi – ESSCA

Working papers

I. Veryzhenko, N. Oriol, “Market structure or traders’ behavior? An assessment of flash crash phenomena and their regulation based on a multi-agent simulation” www.gredeg.cnrs.fr/working-papers/GREDEG-WP-2015-16.pdf

I. Veryzhenko, E. Harb, W. Louhichi, “The impact of the French financial transaction tax on high frequency tradig activities and market quality” http://lare-efi.u-bordeaux4.fr/IMG/pdf/1_veryzhenko.pdf

Arena L., Oriol N., Veryzhenko I., ”The role of information systems in flash crashes: Emergent Uses and New Practices by High Frequency Traders”

Events

Post flash crash recovery : an agent-based analysis, 9th International Conference on Agents and Artificial Intelligence, Rome, Italy, February 2016.

The impact of the French financial transaction tax on high frequency tradig activities and market quality 3rd Workshop in International Economics and Finance, Bordeaux, December 2015

Market structure or traders’ behavior? An assessment of flash crash phenomena and their regulation based on a multi-agent simulation. 5th International Conference of the Financial Engineering and Banking Society (FEBS),  Nantes, Audencia Nantes School of Management Campus, June 2015. http://febs2015.eventsadmin.com/content/uploads/FEBS_Programme_2015_Final_EG.pdf

Market structure or traders’ behavior? An assessment of flash crash phenomena and their regulation based on a multi-agent simulation.. GDRe Banque Finance Assurance, Isem, Nice, June 2015

Market structure or traders’ behavior? An assessment of flash crash phenomena and their regulation based on a multi-agent simulation. Journée scientifique du Labex Réfi, CNAM, Paris, June 2014

The role of information systems in flash crashes: Emergent Uses and New Practices by High Frequency Traders. Colloque AIM, Aix-en-Provence, 2014

The role of information systems in flash crashes: Emergent Uses and New Practices by High Frequency Traders. 11th International Conference on the Design of Cooperative Systems, Nice, 2014

Publications

(TBA)

Forthcoming

Forthcoming.

 

Research Outcomes 

Working papers

Working papers

  • Biondi, Yuri and Righi, Simone (2015), Inequality, Mobility and the Financial Accumulation Process: A Computational Economic Analysis. 2nd International Workshop on “Financial Markets and Nonlinear Dynamics” (FMND), Paris, 4-5 June 2015. DOI:http://dx.doi.org/10.2139/ssrn.2628536
  • Biondi, Yuri and Righi, Simone (2015), ‘What Does the Financial Market Pricing Do? A Simulation Analysis with a View to Systemic Volatility, Exuberance and Vagary’. 25th Annual EAEPE Conference 2013, Research Area S (Evolutionary Economic Simulation), Paris, November 2013. DOI: http://dx.doi.org/10.2139/ssrn.2355719
  • Biondi, Yuri and Sierra, Marion (2015), ‘Accounting for Pension Flows and Funds: A Case Study for Accounting, Economics and Public Finances’. EGPA XII Permanent Study Group Public Sector Financial Management Workshop, Zurich-Winterthur (Switzerland), May 7-8, 2015. DOI:http://dx.doi.org/10.2139/ssrn.2606547
  • Biondi, Yuri and Boisseau, Marion (2015), Pension Management between Financial Market Development and Intergenerational Solidarity: A Socio-Economic Analysis and a Comprehensive Model . EGPA 2015 Annual Conference, Toulouse, 26-28 August 2015. DOI : http://dx.doi.org/10.2139/ssrn.2661718
Events
Events 2016
  • (Yuri Biondi, Simone Righi) Presentation at the 21st annual Workshop on the Economic Science with Heterogeneous Interacting Agents (WEHIA), Jaume I University of Castellón, June 22-24, 2016
  • (Yuri Biondi and Simone Righi) Presentations at the Third International Symposium in Computational Economics and Finance (ISCEF), Paris, 14-16 April, 2016
Events 2015
  • Biondi, Yuri, Symposium on ‘IFRS: A Transnational Perspective’, European Accounting Association, Annual Meeting, Glasgow, April 2015.
  •  Biondi, Yuri, Invited contributor to the ‘Sustainable Market Actors’ workshop, University of Oslo, Faculty of Law, 28-29 January 2015
  •  Biondi, Yuri, Plenary keynote speaker on ‘The Governance of the Firm as an Enterprise Entity’, Swedish Occupational Pensions Conference (Pensioner & Förmåner Journal), Stockholm, 15 April 2015
  • Biondi, Yuri, Presentation at the 3rd Workshop On Sociophysics, CEVIPOF, Paris, 30-31 March 2015
  •  Biondi, Yuri, Invited Research Seminar at Stockholm University, 16 April 2015
  • Biondi, Yuri, Invited speaker at the ‘International Economic Law and the Challenge of Global Inequality’ Conference, Center for Transnational Legal Studies, King’s College, Somerset House, London, 17-18 April 2015
  • Biondi, Yuri, ‘Modeling financial market dynamics’, Interdisciplinary Seminar Series (SOMS), COSS Professorship, ETH Zurich, 5 May 2015
  •  Biondi, Yuri, Applied Economics Lunch Seminar, Paris School of Economics (PSE), 2 June 2015
  • Biondi, Yuri, European Parliament Workshop on ‘Which Accounting Regulation for Europe’s Economy and Society’, European Parliament, Strasbourg, 20 May 2015. URL: http://yuri.biondi.free.fr/downloads/strasbourg2015.pdf
  •  Biondi, Yuri, Panel organiser and scientific committee member, EUFIN 2015 workshop on European Financial Reporting, ESSEC Business School and SKEMA Business School, Paris, France, 3-4 September 2015. URL: http://yuri.biondi.free.fr/downloads/EUFIN2015_EPSAS.pdf
  • Biondi, Yuri, (with Reuven Avi-Yonah and Shyam Sunder) Research Netwok n° P on ‘Accounting, Economics, and Law,’ SASE Annual Meeting, London, 2-4 July 2015. URL: http://yuri.biondi.free.fr/downloads/SASE2015Program.pdf
  • Biondi, Yuri, Presentation at the EGPA Permanent Study Group XII “Public Sector Financial Management” Workshop, Zurich, 7-8 May 2015.
  • Biondi, Yuri, (With Simone Righi) Presentation at 20th Annual Workshop on the Economic Science with Heterogeneous Interacting Agents (WEHIA 2015), 21-23 May, 2015, Sophia Antipolis, France
  • Biondi, Yuri, (with Marion Sierra) Presentation at 15th Biennial CIGAR Conference, University of Malta, Valletta (Malta), 4 – 5 June 2015
  • Biondi, Yuri, Presentation at the EGPA Permanent Study Group XII “Public Sector Financial Management” Workshop, Zurich, 7-8 May 2015.
  • Biondi, Yuri, (With Simone Righi) Presentation at 20th Annual Workshop on the Economic Science with Heterogeneous Interacting Agents (WEHIA 2015), 21-23 May, 2015, Sophia Antipolis, France
  • Biondi, Yuri, (with Marion Sierra) Presentation at 15th Biennial CIGAR Conference, University of Malta, Valletta (Malta), 4 – 5 June 2015
Events 2014
  • Biondi, Yuri, The Purpose of the Corporation Symposium, Parlément Européen, 11 février 2014
  •  Biondi, Yuri, Research Seminar at University of Lille, SMAC-LIFL, 6 February 2014
  • Biondi, Yuri,  ‘The Problem of Social Income: The Entity View of the Cathedral’, Plenary keynote address at The International Institute of Social and Economic Sciences (IISES), 11th International Academic Conference, Reykjavik, Iceland, 24-27 June, 2014
  • Biondi, Yuri,  Discussant on ‘The sociology of financial agency’ (S. Montagne, H. Ortiz), Maison des Sciences Economiques (MSE), Paris, 13 October 2014
  • Biondi, Yuri, SASE Annual meeting, Universities of Chicago and Northwestern, Chicago, July 2014, Network Organizer on Accounting, Economics and Law (P) http://yuri.biondi.free.fr/downloads/SASE2014Program.pdf
  • Biondi, Yuri, (with S. Righi) ‘What Does the Financial Market Pricing Do? A Simulation Analysis with a View to Systemic Volatility, Exuberance and Vagary’, Presentation at the Third International Symposium in Computational Economics and Finance (ISCEF), Paris, 10-12 April, 2014. http://www.iscef.com/
  • Biondi, Yuri, ‘Accounting and the Formation of Share Market Prices Over Time: A Mathematical Institutional Economic Analysis Through Simulation and Experiment’, Presentation at the Third International Symposium in Computational Economics and Finance (ISCEF), Paris, 10-12 April, 2014. http://www.iscef.com/
  • Biondi, Yuri, ‘Governmental Accounting and Austerity Policies: Accounting Representations of Public Debt and Deficit in Europe and Abroad’, EGPA Permanent Study Group XII “Public Sector Financial Management” Workshop, ISCTE Business School, Lisbon (Portugal), May 8-9, 2014.Presentation at 8th International EIASM Public Sector Conference, Edinburgh, U.K., 2-4 September, 2014
  • Biondi, Yuri, ‘Governmental Accounting and Austerity Policies: Accounting Representations of Public Debt and Deficit in Europe and Abroad’, Presentation at 8th International EIASM Public Sector Conference, Edinburgh, U.K., 2-4 September, 2014
  • Biondi, Yuri, ‘The Strange Case of Doctor Jekyll (Alias the UK HM Treasury) and Mr Hyde (Alias its Public Debt Management) in the Aftermath of the Global Financial Crisis, ’Presentation at 12th World Congress of Accounting Educators and Researchers, Firenze, Italy, 14 November 2014
  • Biondi, Yuri, ‘Much ado about making money: The impact of disclosure, news and rumors over the formation of security market prices over time’, Presentation at the 26th Annual EAEPE Conference 2014, Research Area S (Evolutionary Economic Simulation), University of Cyprus, Nicosia, 6-8 November 2014
Events 2013
  • Biondi, Yuri, ‘Better accounting for shareholding and environmental protection’, ‘Sustainable Companies: We Make it Happen’ – Final Conference of the Sustainable Companies Project, University of Oslo Law Faculty, Oslo, 5-6 December 2013
  • Biondi, Yuri, « Governmental Accounting and Austerity Policies: Accounting Representations of Public Debt and Deficit in Europe and Abroad, » Seminar at Max Planck Sciences Po Center (MaxPo), Ökonomie, Politics and Society (SCOOPS) Seminar Series, Paris, 3 october 2013
  • Biondi, Yuri, Plenary speaker at 3rd International Conference of the Financial Engineering and Banking Society on « Financial Regulation & Systemic Risk », LabEx-ReFi, Paris, 6-8 June 2013
  • Biondi, Yuri, “Accounting and the Formation of Share Market Prices Over Time: A Mathematical Institutional Economic Analysis Through Simulation and Experiment,” Scuola Normale Superiore di Pisa, Laboratorio Fibonacci, Pisa, 27 février 2013
  • Biondi, Yuri, “Accounting, Economics and Law of Entities: Implications for Control, Governance and Regulation,” WIAS Conference, Waseda University, Tokyo, Japon, 11 January 2013
  • Biondi, Yuri, “What do financial markets do? Share price formation under common knowledge and heterogeneous beliefs,” WIAS Conference, Waseda University, Tokyo, Japon, 17 January 2013
  • Biondi, Yuri, “Accounting and economics for business combinations: A comparative institutional analysis between International, American and Chinese accounting standards and practices,” WIAS Conference, Waseda University, Tokyo, Japon, 19 January 2013
  • Biondi, Yuri, “Accounting and Economics of Revenue Recognition,” WIAS Conference, Waseda University, Tokyo, Japon, 28 January 2013
  • Biondi, Yuri, Invited speaker at Symposium on Governmental Accounting and Finances, Hokkaido University, Sapporo, Japan, 26 January 2013
  • Biondi, Yuri, SASE Annual meeting, Università di Milano, Milano, June 2013, Network Organizer on Accounting, Economics and Law (P) http://yuri.biondi.free.fr/downloads/SASE2013Program.pdf
  • Biondi, Yuri, Panel Organization on « Past and Future of Prudential Regulation in Europe in the aftermath of the Global Financial Crisis », 2013 CES Conference – 20th International Conference of Europeanists: « Crisis & Contingency: States of (In)Stability », Council for European Studies, Amsterdam, 25-27 June 2013http://yuri.biondi.free.fr/downloads/CES2013Session.pdf
  • Biondi, Yuri, Workshop on “prudence vs. liquidity”, Bocconi University of Milan, 1 mars 2013
  • Biondi, Yuri, Panel Organization, PMP International Conference, Paris, October 25-27, 2013. http://yuri.biondi.free.fr/downloads/PMP2013_EPSAS.pdf
  • Biondi, Yuri, Scientific Advisor and lead organiser of the second Critical Studies in Accounting and Finance Conference 2013, UAEU, Abu Dhabi, United Arab Emirates, 15-17 December 2013. http://www.fbe.uaeu.ac.ae/csafc2013/
  • Biondi, Yuri, Presentation at the 17 IRSPM Conference: ‘Public sector responses to global crisis. New challenges for politics and public management’, Prague, 10-12 April 2013
  • Biondi, Yuri, Presentation at the Innovation in Public Finance – IPF 2013 Conference, Milan, 17-19 June 2013
  • Biondi, Yuri, Accounting and Prudential Regulation, Bocconi University of Milan, Workshop on “prudence vs. liquidity”, Milan, 1 mars 2013
  • Biondi, Yuri, Presentation at Eastern Economic Association 39th Annual Conference, New York, 7-9 May 2013
  • Biondi, Yuri, Presentation at SASE 2013, accounting and public action, 27-29 June 2013
  • Biondi, Yuri, “Accounting and the Formation of Share Market Prices Over Time: A Mathematical Institutional Economic Analysis Through Simulation and Experiment,” Eastern Economic Association, New York, 9-11 May 2013
  • Biondi, Yuri, Presentation at the 25th Annual EAEPE Conference 2013, Université Paris Nord (University of Paris 13, Campus Bobigny), Paris, 7- 9 November 2013
  • Biondi, Yuri, Presentation at 14th Biennial CIGAR Conference on « In the Eye of the Storm: Public Sector Accounting, Financial Crisis and Austerity », University of Birmingham, United Kingdom, 2nd – 3rd September 2013
  • Biondi, Yuri, Presentation at 18th Annual Workshop on the Economic Science with Heterogeneous Interacting Agents (WEHIA 2013), June 20-22, 2013, Reykjavik University, Iceland
Events 2012
  • Biondi, Yuri, Keynote Speaker au Symposium International organisée par la Waseda University, Tokyo, Février 2012
  • Biondi, Yuri, Keynote Speaker au Workshop organisée par la School of Public Management, Waseda University, Tokyo, Février 2012
  • Biondi, Yuri, Séminaire à la Kejo University, Japan, Février 2012
  • Biondi, Yuri, Séminaire de la chaire FDIR, Paris, mars 2012
  • Biondi, Yuri, SASE Annual meeting, M.I.T., Cambridge (MA, USA), June 2012, Network Organizer on Accounting, Economics and Law (P). http://yuri.biondi.free.fr/downloads/SASE2012Program.pdf
  • Biondi, Yuri, AAA Annual meeting, Washington DC, August 2012, Panel Organizer on « Accounting and the Principle of Prudence: Perspectives and Implications ». http://yuri.biondi.free.fr/downloads/AAA2012Prudence.pdf
  • Biondi, Yuri, AAA Annual meeting, Washington DC, August 2012, Panel Organizer on « The Move towards Fair Value Accounting: Evolutionary Perspectives ». http://yuri.biondi.free.fr/downloads/AAA2012FASC.pdf
  • Biondi, Yuri, AAA Annual meeting, Washington DC, August 2012, Panel Organizer on « How to do accounting standard-setting all around the world: Global, national, transnational? ». http://yuri.biondi.free.fr/downloads/AAA2012AccountingGlobalisation.pdf
  • Biondi, Yuri, SASE Annual meeting, M.I.T., Cambridge (MA, USA), June 2012, “Are Banks soluble in financial markets?”, paper presentation, with Luca Fantacci
Events 2011
  • Biondi, Yuri, Orateur invité au Second Symposium of the Berle Centre of Law, Corporations and Society, Seattle Law School, 21-22 January 2011
  • Biondi, Yuri, Séminaire à la Rouen Business School, le 12 janvier 2011
  • Biondi, Yuri, Séminaire à l’Université Bocconi de Milan, le 11 février 2011
  • Biondi, Yuri, Séminaire à l’Université de Bergamo, le 24 mars 2011
  • Biondi, Yuri, Orateur invité au panel sur Accounting History Research, American Accounting Association, Denver, Août 2011. http://yuri.biondi.free.fr/downloads/AAA2011HistoryResearchPanel.pdf
  • Biondi, Yuri, Invited symposium speaker and scientific committee member, « Accounting Renaissance: Arising from the Crisis and Looking to the Future. Learning from Histories and Institutions, » Venice, 4-5 November 2011. http://www.accountingrenaissance.org/
  • Biondi, Yuri, Comité scientifique du colloque international sur « Performance et institutions : de l’efficience au pluralisme ? », Université de Reims, les 17-18 novembre 2011
  • Biondi, Yuri, Orateur invité à la PWD session on “Managing norms and risks: a new field of interest for
    management consulting (MC),” 2011 Academy of Management (AOM) Meeting, August 12-16, San Antonio, Texas
  • Biondi, Yuri, Invited keynote speaker at the International Workshop on Accounting for Cooperatives hosted by Centre for Research in Business Management (Centro de Investigación en Gestión de Empresas), Universitat Politècnica de València (UPV), Valencia, Spain, 29-30 September 2011
  • Biondi, Yuri, Invited speaker to The Unexpected Conference on « SOCIOPHYSICS: Do humans behave like atoms? », CREA, Paris, November 14-16, 2011
  • Biondi, Yuri, Invited speaker at the deuxièmes Etats Généraux de la Comptabilité, Autorité des Normes Comptables (ANC), Décembre 2011
  • Biondi, Yuri, (with Reuven Avi-Yonah and Shyam Sunder) Organisation of the Research Netwok n° P on « Accounting, Economics, and Law », Inaugural Event, SASE Annual Meeting, Madrid, 23-25 June 2011. http://yuri.biondi.free.fr/downloads/SASE2011Program.pdf
  • Biondi, Yuri, Organisation of a Panel Session on « Assets/liabilities versus revenues/expenses accounting: current issues and implications for accounting, economics and law, » American Accounting Association (AAA) Annual Meeting, Denver, August 6 – August 10, 2011. http://yuri.biondi.free.fr/downloads/AAA2011InternationalAccountingPanel.pdf
  • Biondi, Yuri, Organisation of a Panel Session on « Accounting model and regulation: Lessons from Recent Accounting History, » American Accounting Association (AAA) Annual Meeting, Denver, August 6 – August 10, 2011. http://yuri.biondi.free.fr/downloads/AAA2011AccountingHistoryPanel.pdf
  • Biondi, Yuri, Organisation d’une journée d’études international sur “Innovation in Network Industries: Accounting, economic and regulatory implications,” Innovation and Regulation Chair International Workshop, Institut Telecom, Paris, 16 March 2011. http://innovation-regulation2.telecom-paristech.fr/
  • Biondi, Yuri, (with P. Giannoccolo) « Share price formation, market exuberance and accounting design », First COST International Conference on « Remodeling finance and its governance in times of uncertainty », University of Paris 8, May, 12-14, 2011
  • Biondi, Yuri, (with M. Soverchia) « Accounting Rules for the European Communities: A Theoretical Analysis », 13th Biennial CIGAR Conference, Ghent, 9-10 June 2011
  • Biondi, Yuri, (with P. Giannoccolo) “Complementarities, R&D-related intangible resources and the corporate accounting system: an economic map for welfare-improving industry regulation”, ENEF Meeting on “Strategy & Economics of the Firm”, Strasbourg, 7-8 Septembre 2011
  • Biondi, Yuri, (with P. Giannoccolo and S. Galam), “Share price formation, market exuberance and the accounting lighthouse”, « Rethinking Economic Policies in a Landscape of Heterogeneous Agents, » International POLHIA Conference, Catholic University of Milan, October 13-15, 2011
  • Biondi, Yuri, (with P. Giannoccolo) « Complementarities, R&D-related intangible resources and the corporate accounting system: an economic map for welfare-improving industry regulation, » EAEPE Annual Conference 2011, Vienna, Austria, October 27th – 30th, 2011
Publications
Publications 2015
  • Biondi, Yuri, ‘Accounting and the formation of share market prices over time: A mathematical institutional economic analysis through simulation and experiment’, Applied Economics, 2015
  • Biondi, Yuri, (with Simone Righi) ‘What does the financial market pricing do? A simulation analysis with a view to systemic volatility, exuberance and vagary’, Journal of Economic Interaction and Coordination, 2015
  • Biondi, Yuri, The Accounting Representation of the Enterprise Entity: An Historical Perspective, in: Tributes to Prof. Jacques Richard, Springer, forthcoming
  • L’entité entreprise et ses parties prenantes : une base commune pour le modèle comptable ?, Mélanges en honneur de M. Le Prof. Christian Hoarau.
Publications 2014
  • Biondi, Yuri. ‘Better Accounting for Corporate Shareholding and Environmental Protection’. European Company Law 11, no. 2 (2014): 128–131.
  • Biondi, Yuri, (with Larry Bensimhon) ‘Financial Bubbles, Common Knowledge and Alternative Accounting Regimes: An Experimental Analysis of Artificial Spot Security Markets. Accounting for or from the Market?’ The Japanese Accounting Review, 3 (2013), 21-59. DOI: http://dx.doi.org/10.11640/tjar.3.2013.02
  • (with Eiko Tsujiyama, Jonathan Glover, Nicole Jenkins, Bjorn Jorgensen, John Lacey, Richard Macve) Biondi, Yuri et al. (2014) ‘Old Hens Make the Best Soup’: Accounting for the Earning Process and the IASB/FASB Attempts to Reform Revenue Recognition Accounting Standards, Accounting in Europe, 2014, Vol. 11, No. 1: 1–21. DOI: http://dx.doi.org/10.1080/17449480.2014.903718.
  • Biondi, Yuri, (with Pierpaolo Giannoccolo) Share Price Formation, Market Exuberance and Financial Stability Under Alternative Accounting Regimes, Journal of Economic Interaction and Coordination, Volume 9 (2014), Issue 2. DOI: http://dx.doi.org/10.1007/s11403-014-0131-7.
  • Biondi, Yuri, (with Michela Soverchia), ‘Accounting Rules for the European Communities: A Theoretical Analysis’, Accounting, Economics and Law: A Convivium. Volume 4, Issue 3, April 2014. DOI: http://dx.doi.org/10.1515/ael-2013-0063
  • Biondi, Yuri, Harmonising European Public Sector Accounting Standards (EPSAS): Issues and Perspectives for Europe’s Economy and Society. Accounting, Economics and Law: A Convivium. Volume 4, Issue 3, September 2014. http://dx.doi.org/10.1515/ael-2014-0015
  • Biondi, Yuri, ‘Les transformations récentes du modèle de la régulation comptable : Une analyse institutionnelle’, in Yvonne Lagarde et al. (2014) ‘Normalisation Comptable Internationale : Actualités et Enjeux’
  • Biondi, Yuri, v‘The Enterprise Entity and its Stakeholders: a Common Frame of Reference for Accounting, Economics and Law of the Business Firm’, in Ivan Tchotourian (2014) dir., Company Law and Corporate Social Responsibility, Bruxelles: Bruylant.
  • Biondi, Yuri, Thematic issue: Harmonising European Public Sector Accounting Standards (EPSAS): Issues and Perspectives for Europe’s Economy and Society, Accounting, Economics and Law: A Convivium. Volume 4, Issue 3, December 2014. URL: http://dx.doi.org/10.1515/ael-2014-0015
  • Biondi, Yuri, Symposium: “Have Academic Accountants and Financial Accounting Standard Setters Traded Places?”. Accounting, Economics and Law: A Convivium. Volume 4, Issue 1, March 2014. URL: http://www.degruyter.com/view/j/ael.2014.4.issue-1/issue-files/ael.2014.4.issue-1.xml
  • Biondi, Yuri, Book Review Symposium on ‘Accounting for Value’ by Stephen Penman (Columbia U Press, 2010). Accounting, Economics and Law: A Convivium. Volume 4, Issue 2, July 2014. URL: http://www.degruyter.com/view/j/ael.2014.4.issue-2/issue-files/ael.2014.4.issue-2.xml
Publications 2013
  • Biondi, Yuri, « The Governance and Disclosure of the Firm as an Enterprise Entity », Seattle University Law Review, March 2013
  • Biondi, Yuri, « Les transformations récentes des comptes de l’Etat en Grande Bretagne, ou la nouvelle ‘Ile du Trésor’, » Gestion & Finances Publiques, n° 2/3 – Février/Mars 2013, p. 57-64
  • Biondi, Yuri, (with Antoine Rebérioux) The Governance of Intangibles: Rethinking Financial Reporting and the Board of Directors, Accounting Forum 36 (2012), pp. 279-293. DOI: http://dx.doi.org/10.1016/j.accfor.2012.03.003
  • Biondi, Yuri, (with Pierpaolo Giannoccolo) “Complementarities and Coopetition in presence of Intangible Resources: Industrial economic and Regulatory Implications,” Journal of Strategy and Management, volume 5, issue 4 (2012): 437 – 449. DOI: http://dx.doi.org/10.1108/17554251211276399
  • Biondi, Yuri, « Hyman Minsky’s Financial Instability Hypothesis and the Accounting Structure of Economy »,  Accounting, Economics and Law : A Convivium, 3 (3). DOI: http://dx.doi.org/10.1515/ael-2013-0045
  • Biondi, Yuri, Biondi, Yuri, (avec Riccardo Mussari), « Les transformations de l’action publique au prisme des réformes comptables et financières », Politiques et Management Public, 3 (2013). http://dx.doi.org/10.3166/pmp.30.285-287
  • Biondi, Yuri,  « Modèles comptables et politiques d’austérité : Représentations et enjeux de la maîtrise du déficit et de la dette des administrations publiques, en Europe et ailleurs », Politiques et Management Public, 3 (2013). http://dx.doi.org/10.3166/pmp.30.289-313
  • Biondi, Yuri, “Problems with Fair Value Accounting: Critique and Alternatives”, The Quarterly Review of Corporation Law and Society, Vol. 9 No. 1, p. 59-92 (English and Japanese versions)
  • “Liquidity and Prudence: Perspectives from Accounting and Valuation”, in Y. Biondi, L. Fantacci et al. (2013), Prudence vs. Liquidity. Alternative Approaches to Money, Finance and Accounting, proceedings, Bocconi U of Milan and Autorité des Normes Comptables
  • Biondi, Yuri, (avec Riccardo Mussari) « Les transformations de l’action publique au prisme des réformes comptables et financières », Politiques et Management Public, 3 (2013)
  • Biondi, Yuri, Book Review Symposium on “Shareholder Value Myth” by Lynn Stout, Accounting, Economics and Law: A Convivium, 3 (1) (2013)
  • Biondi, Yuri, Local or Global Accounting? Perspectives on International Accounting, Politics and the Polity, Accounting, Economics and Law: A Convivium, 3 (2) (2013)
  • Biondi, Yuri, Banking, Finance, and the Minsky’s Financial Instability Hypothesis, Accounting, Economics and Law: A Convivium, 3 (3) (2013)
Publications 2012
  • Biondi, Yuri, (with Pierpaolo Giannoccolo et Serge Galam), Formation of share market prices under heterogeneous beliefs and common knowledge, Physica A, Volume 391, Issue 22, 15 November 2012, Pages 5532–5545
  • Biondi, Yuri, “Should business and non-business accounting be different?”, International Journal of Public Administration. 35 (9), July 2012, p. 603-619. DOI: http://dx.doi.org/10.1080/01900692.2012.661186. http://ssrn.com/abstract=1414751
  • Biondi, Yuri,“What Do Shareholders Do? Accounting, Ownership and the Theory of the Firm: Implications for Corporate Governance and Reporting.” Accounting, Economics, and Law: A Convivium. Volume 2, Issue 2. June 2012. DOI : http://dx.doi.org/10.1515/2152-2820.1068
  • Biondi, Yuri, (avec Luca Fantacci) “Les banques sont-elles solubles dans le marché? A propos de la comptabilisation de la dette souveraine grecque à sa « juste valeur », Economies et Sociétés. 2 (3) 2012:  571-84. http://yuri.biondi.free.fr/downloads/BiondiFantacci2012.PDF
  • Biondi Y (2011), The enterprise entity and the constitution of the American Economic Republic, Accounting, Economics and Law : A Convivium, 1 (3), article n. 2. http://dx.doi.org/10.2202/2152-2820.1051
  •  (Biondi et al.) Some Conceptual Tensions in Financial Reporting. Accounting Horizons: March 2012, Vol. 26, No. 1, pp. 125-133.
  • Biondi and S. Zambon eds, Accounting and Business Economics : Insights from national traditions, Routledge
  • Accounting, Economics and Law of the Enterprise Entity: A.C. Littleton and the German-American connection in Biondi Y. and S. Zambon (2012), Accounting and Business Economics: Insights from National Traditions, New York and London: Routledge
  • Accounting and Business Economics: Understanding the past to face the present and prepare the future in Biondi Y. and S. Zambon (2012), Accounting and Business Economics: Insights from National Traditions, New York and London: Routledge
  • Bignon, Biondi et Ragot in The SAGE Handbook of Corporate Governance, edited by Thomas Clarke and Douglas Branson, May 2012, SAGE Publications Ltd
  • Biondi, Yuri, Accounting, Economics and Law: A Convivium: Volume 2, Issue 2 (2012) – Ownership and the Business Firm: Implications for Corporate Governance and Social Responsibility
Publications 2011
  • Biondi, Yuri, “The Pure Logic of Accounting: A Critique of the Fair Value Revolution,” Accounting, Economics and Law: A Convivium, 2011 (1) 1, n° 7, http://www.bepress.com/ael/vol1/iss1/7
  • Biondi, Yuri, “Disagreement-based Trading and Speculation: Implications for financial Regulation and economic Theory,” Accounting, Economics and Law: A Convivium, 2011 (1) 1, n° 11, http://www.bepress.com/ael/vol1/iss1/11
  • “Biondi, Yuri, The Problem of Social Income: The Entity View of the Cathedral,” Seattle University Law Review, Vol. 34, No. 4, 2011.
  • (Biondi et al.) “A Perspective on the Joint IASB/FASB Exposure Draft on Accounting for Leases,” Accounting Horizons, 25 (4), December 2011: 861-871. DOI: http://dx.doi.org/10.2308/acch-50048
  • (Biondi et al.), “Accounting for Revenues: A Framework for Standard Setting,” Accounting Horizons, 25 (3), September 2011. http://dx.doi.org/10.2308/acch-50027
  • (Biondi et al.), « Some Conceptual Tensions in Financial Reporting, » Accounting Horizons (2012, 26 (1): 125-133). DOI: http://dx.doi.org/10.2308/acch-50087
  • Biondi, Yuri, (avec V. Bignon et X. Ragot) Экономический анализ справедливой стоимости [An economic analysis of fair value], Voproci Ocenki Quarterly,
  • Biondi, Yuri, “Cost of capital, discounting, and relational contracting: Endogenous optimal return and duration for joint investment projects”, Applied Economics, Volume 43, Issue 30, December 2011, pages 4847-4864. DOI: http://dx.doi.org/10.1080/00036846.2010.498362
  • Biondi, Yuri, (avec Giuseppe Marzo) “Decision Making Using Behavioral Finance for Capital Budgeting”, chapter 23, forthcoming in “Capital Budgeting Valuation: Financial Analysis for Today’s Investment Decisions” to be published by John Wiley & Sons, Inc in 2011. Edited by Kent Baker and Phillip English, Robert Kolb Finance Series.
  • Biondi, Yuri, Accounting, Economics and Law: A Convivium: Volume 1, Issue 3 (2011) – Corporations and the US constitution: Perspectives on “Citizens United” and its aftermath
  • Biondi, Yuri, « L’entité entreprise et ses parties prenantes : une base commune pour le modèle comptable ? », in Autorité des Normes Comptables (ANC), Premiers Etats Généraux de la recherche comptable (16 Décembre 2010), 2011, p. 50-53
  • Biondi, Yuri, “The enterprise entity and its stakeholders: a common basis for the accounting model?,” French Accounting Authority (ANC), First Symposium on Accounting Research (16 December 2010), 2011, p. 50-53
  • Biondi, Yuri, (avec Stéphanie Chatelain-Ponroy, Philippe Eynaud, Samuel Sponem) La gouvernance des associations, numéro spécial, Politiques et Management Public (PMP), 2010
  • Biondi, Yuri, (avec Vincent Bazi et Laurence Gialdini), « Dossier : Gouvernance et marchés financiers : nouvelles donnes après la crise ? », Revue d’Analyse Financière, revue de la Société Française des Analystes Financiers, 4° trimestre 2010
  • Biondi, Yuri, “Governing the Business Enterprise: Ownership, Institutions, Society”, special issue, Comparative Research in Law and Political Economy (CLPE), 5 (3), 2009. http://ssrn.com/abstract=1440889
  • Biondi, Yuri, (avec T. Suzuki) « The Socio Economics of Accounting », special issue, Socio-Economic Review, 2007, n. 5 (4).
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