IDEAS home Printed from https://ideas.repec.org/a/vrs/poicbe/v17y2023i1p2036-2052n5.html
   My bibliography  Save this article

Connections between the Model of the Supreme Public Audit Institution and Some Economic, Social, Political, and Cultural Variables

Author

Listed:
  • Cîmpan Marius

    (1 University Oradea, Oradea, Romania)

  • Pacuraru-Ionescu Catalin-Paul

    (2 Bucharest University of Economic Studies, Bucharest, Romania)

  • Borlea Sorin Nicolae

    (3 University of Oradea, Oradea, Romania)

  • Jansen Adela

    (4 “Vasile Goldis” Western University of Arad, Arad, Romania, Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Practically, all the countries of the world have at least one Supreme Audit Institution (SAI), but the organizational model and its attributions are different. Academic literature has identified three major types of models: Westminster, judicial and council, but there are also hybrid or original models. This study evaluates the differences between them and the correlations of each institutional type with economic development, education, political rights, civil liberties, and national cultural variables. Comparisons are made within the institutional theories regarding three types of isomorphism: coercive, mimetic and normative. These isomorphic trends are only partially evidenced by the empirical analysis carried out.

Suggested Citation

  • Cîmpan Marius & Pacuraru-Ionescu Catalin-Paul & Borlea Sorin Nicolae & Jansen Adela, 2023. "Connections between the Model of the Supreme Public Audit Institution and Some Economic, Social, Political, and Cultural Variables," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 2036-2052, July.
    • Handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:2036-2052:n:5
    DOI: 10.2478/picbe-2023-0179
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/picbe-2023-0179
    Download Restriction: no
    File URL: https://libkey.io/10.2478/picbe-2023-0179?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer, 2006. "What Works in Securities Laws?," Journal of Finance, American Finance Association, vol. 61(1), pages 1-32, February.
    2. Blume, Lorenz & Voigt, Stefan, 2011. "Does organizational design of supreme audit institutions matter? A cross-country assessment," European Journal of Political Economy, Elsevier, vol. 27(2), pages 215-229, June.
    3. Monir Mir & Haiwei Fan & Ian Maclean, 2017. "Public sector audit in the absence of political competition," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 32(9), pages 899-923, October.
    4. Florence Depoers & Tiphaine Jérôme, 2020. "Coercive, normative, and mimetic isomorphisms as drivers of corporate tax disclosure," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 21(1), pages 90-105, January.
    5. Codagnone, Cristiano & Misuraca, Gianluca & Savoldelli, Alberto & Lupiañez-Villanueva, Francisco, 2015. "Institutional isomorphism, policy networks, and the analytical depreciation of measurement indicators: The case of the EU e-government benchmarking," Telecommunications Policy, Elsevier, vol. 39(3), pages 305-319.
    6. Djankov, Simeon & La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei, 2008. "The law and economics of self-dealing," Journal of Financial Economics, Elsevier, vol. 88(3), pages 430-465, June.
    7. Pernilla Broberg & Torbjörn Tagesson & Daniela Argento & Niclas Gyllengahm & Ola Mårtensson, 2017. "Explaining the influence of time budget pressure on audit quality in Sweden," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 21(2), pages 331-350, June.
    8. Lexis Alexander Tetteh & Cletus Agyenim-Boateng & Samuel Nana Yaw Simpson, 2022. "Institutional pressures and strategic response to auditing implementation of sustainable development goals: the role of public sector auditors," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 24(2), pages 403-423, September.
    9. repec:eme:maj000:maj-03-2016-1357 is not listed on IDEAS
    10. Quoc Thuan Pham & Thi Hanh Dung Truong & Xuan Thuy Ho & Quoc Thinh Nguyen, 2022. "The role of supervisory mechanisms in improving financial reporting quality by Vietnam public non-business unit," Cogent Business & Management, Taylor & Francis Journals, vol. 9(1), pages 2112538-211, December.
    11. repec:eme:jaar00:jaar-04-2018-0048 is not listed on IDEAS
    12. Robert A. Lawson & Ryan Murphy & Benjamin Powell, 2020. "The Determinants Of Economic Freedom: A Survey," Contemporary Economic Policy, Western Economic Association International, vol. 38(4), pages 622-642, October.
    13. Christina Chiang & Deryl Northcott, 2012. "Financial auditors and environmental matters: drivers of change to current practices," Journal of Accounting & Organizational Change, Emerald Group Publishing Limited, vol. 8(3), pages 340-363, September.
    14. Estache, Antonio & Foucart, Renaud, 2018. "The scope and limits of accounting and judicial courts intervention in inefficient public procurement," Journal of Public Economics, Elsevier, vol. 157(C), pages 95-106.
    15. Francesca Manes Rossi & Isabel Brusca & Vicente Condor, 2021. "In the pursuit of harmonization: comparing the audit systems of European local governments," Public Money & Management, Taylor & Francis Journals, vol. 41(8), pages 604-614, November.
    16. Samson Iliya Nyahas & John C. Munene & Laura Orobia & Twaha Kigongo Kaawaase, 2017. "Isomorphic influences and voluntary disclosure: The mediating role of organizational culture," Cogent Business & Management, Taylor & Francis Journals, vol. 4(1), pages 1351144-135, January.
    17. Uddin, Moshfique & Chowdhury, Anup & Zafar, Sheeba & Shafique, Sujana & Liu, Jia, 2019. "Institutional determinants of inward FDI: Evidence from Pakistan," International Business Review, Elsevier, vol. 28(2), pages 344-358.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fidrmuc, Jana P. & Jacob, Marcus, 2010. "Culture, agency costs, and dividends," Journal of Comparative Economics, Elsevier, vol. 38(3), pages 321-339, September.
    2. Mohd Mohid Rahmat & Kamran Ahmed & Gerald J. Lobo, 2020. "Related Party Transactions, Value Relevance and Informativeness of Earnings: Evidence from Four Economies in East Asia," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 23(01), pages 1-42, March.
    3. Ferrell, Allen & Liang, Hao & Renneboog, Luc, 2016. "Socially responsible firms," Journal of Financial Economics, Elsevier, vol. 122(3), pages 585-606.
    4. Cumming, Douglas & Dannhauser, Robert & Johan, Sofia, 2015. "Financial market misconduct and agency conflicts: A synthesis and future directions," Journal of Corporate Finance, Elsevier, vol. 34(C), pages 150-168.
    5. Ross Levine & Chen Lin & Lai Wei, 2017. "Insider Trading and Innovation," Journal of Law and Economics, University of Chicago Press, vol. 60(4), pages 749-800.
    6. Lai, Karen M.Y. & Saffar, Walid & Zhu, Xindong (Kevin) & Liu, Yiye, 2020. "Political institutions, stock market liquidity and firm dividend policy: Some international evidence," Journal of Contemporary Accounting and Economics, Elsevier, vol. 16(1).
    7. Ben-Nasr, Hamdi & Ghouma, Hatem, 2018. "Employee welfare and stock price crash risk," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 700-725.
    8. Thierry Foucault & Laurent Frésard, 2012. "Cross-Listing, Investment Sensitivity to Stock Price, and the Learning Hypothesis," The Review of Financial Studies, Society for Financial Studies, vol. 25(11), pages 3305-3350.
    9. Kusnadi, Yuanto, 2015. "Insider trading restrictions and corporate risk-taking," Pacific-Basin Finance Journal, Elsevier, vol. 35(PA), pages 125-142.
    10. Deakin, Simon & Sarkar, Prabirjit & Singh, Ajit, 2010. "An End to Consensus? The (Non) Impact of Legal Reforms on Financial Development," MPRA Paper 53352, University Library of Munich, Germany.
    11. Pevzner, Mikhail & Xie, Fei & Xin, Xiangang, 2015. "When firms talk, do investors listen? The role of trust in stock market reactions to corporate earnings announcements," Journal of Financial Economics, Elsevier, vol. 117(1), pages 190-223.
    12. Belkhir, Mohamed & Ben-Nasr, Hamdi, 2016. "Labor protection and the privatization or partial privatization method," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 305-322.
    13. Hüttenbrink, Alexander & Oehmichen, Jana & Rapp, Marc Steffen & Wolff, Michael, 2014. "Pay-for-performance – Does one size fit all? A multi-country study of Europe and the United States," International Business Review, Elsevier, vol. 23(6), pages 1179-1192.
    14. Hu, Gang & Liu, Yiye & Wang, Jacqueline Wenjie & Zhou, Gaoguang & Zhu, Xindong, 2022. "Insider ownership and stock price crash risk around the globe," Pacific-Basin Finance Journal, Elsevier, vol. 72(C).
    15. An, Zhe & Li, Donghui & Yu, Jin, 2016. "Earnings management, capital structure, and the role of institutional environments," Journal of Banking & Finance, Elsevier, vol. 68(C), pages 131-152.
    16. Jesse A Ellis & Sara B Moeller & Frederik P Schlingemann & René M Stulz, 2017. "Portable country governance and cross-border acquisitions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(2), pages 148-173, February.
    17. Breuer, Wolfgang & Rieger, M. Oliver & Soypak, K. Can, 2014. "The behavioral foundations of corporate dividend policy a cross-country analysis," Journal of Banking & Finance, Elsevier, vol. 42(C), pages 247-265.
    18. Mutarindwa, Samuel & Schäfer, Dorothea & Stephan, Andreas, 2020. "Legal History, Institutions and Banking System Development in Africa," GLO Discussion Paper Series 444, Global Labor Organization (GLO).
    19. Kamarudin, Khairul Anuar & Ariff, Akmalia M. & Jaafar, Aziz, 2020. "Investor protection, cross-listing and accounting quality," Journal of Contemporary Accounting and Economics, Elsevier, vol. 16(1).
    20. Andrei Shleifer & Florencio Lopez-de-Silanes & Rafael La Porta, 2008. "The Economic Consequences of Legal Origins," Journal of Economic Literature, American Economic Association, vol. 46(2), pages 285-332, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:2036-2052:n:5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.