The aim of this article is to describe the role played by accounting in an industrial company in which elements of utopian socialism and capitalism co-existed. The case is the Royal Silk Factory founded by King Ferdinand IV at San Leucio, near Caserta in 1778. The article covers the years 1802–1826. In this hybrid institution, double-entry bookkeeping (DEB) was adopted to calculate the minimum profit rate owed to the capitalist shareholders, while ‘labour accounting’ measured the workers’ performance. The surplus value was shared between the enterprise and the workers. This article makes a number of contributions to the accounting history literature: First, it adds archival evidence of accounting practices in Italian industrial companies; second, it supports the close connection between DEB and capitalism; third, it shows that the accounting system is set up to reflect the different social organisation of a manufacturing company; and finally, it illustrates how the accounting system makes the wealth-generating and wealth-distributing processes accountable

Accounting in hybrid forms of capitalist/socialist enterprises: A multiple interpretative approach to the Royal Factory of Silk of San Leucio, 1802–1826

ANTONELLI, Valerio
;
D'ALESSIO, Raffaele;ROSSI, ROBERTO;CAFARO, EMANUELA MATTIA
2017

Abstract

The aim of this article is to describe the role played by accounting in an industrial company in which elements of utopian socialism and capitalism co-existed. The case is the Royal Silk Factory founded by King Ferdinand IV at San Leucio, near Caserta in 1778. The article covers the years 1802–1826. In this hybrid institution, double-entry bookkeeping (DEB) was adopted to calculate the minimum profit rate owed to the capitalist shareholders, while ‘labour accounting’ measured the workers’ performance. The surplus value was shared between the enterprise and the workers. This article makes a number of contributions to the accounting history literature: First, it adds archival evidence of accounting practices in Italian industrial companies; second, it supports the close connection between DEB and capitalism; third, it shows that the accounting system is set up to reflect the different social organisation of a manufacturing company; and finally, it illustrates how the accounting system makes the wealth-generating and wealth-distributing processes accountable
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11386/4682229
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 6
  • ???jsp.display-item.citation.isi??? 6
social impact