A “Take, Ianke and Cadâr” tale or culture and accounting harmonization. Empirical study on European Union case
26/2008 , p55..71
Author(s):
Bogdan DIMA
Stefana Maria CRISTEA
Keywords:
accounting harmonization, culture, world values survey, IFRS
Abstract:
Three neighbors from different cultures are competing in their own way but in the end their friendship proves to be a more valuable asset than profits …does this idyllic depiction from V.I. Popa’s play can be used to describe the future of the accounting harmonization in EU?In the context of a growing literature on the connection between cultural variables and accounting regulations, the general objective of paper is to provide a theoretical framework and empirical evidence on the recent trends in financial reporting. Thus, the specific objectives are: 1) to provide an operational definition of culture; 2) to advance a model of the interactions between culture and the design of accounting regulations; 3) to test some of these interactions at the European based on an empirical pool data model. The dependent variable is a dummy aiming to capture the specificity of the IFRS endorsement in EU and the explanatory ones are cultural descriptors derived from World Values Survey questions. The main output of the paper consists in the thesis that the culture is relevant for the national characteristics of IFRS implementation in EU.
Download:
Back
|
|