IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/8246.html
   My bibliography  Save this paper

A web of intercorrelations: culture, financial reporting and social output

Author

Listed:
  • Dima, Bogdan
  • Cristea, Stefana Maria

Abstract

In the context of a growing literature on the connection between cultural variables and accounting regulations, the general objective of the paper is to provide a theoretical framework and empirical evidence on the recent trends in financial reporting and on their impact on the dynamics of the social output. Thus, the specific objectives are: 1) to provide an operational definition of culture; 2) to advance a model of the interactions between culture, design of accounting regulations and the economic growth; 3) to test some of these interactions at the European based on an empirical pool data model. The dependent variable are: a dummy aiming to capture the specificity of the IFRSs endorsement in EU; the average real GDP rates of growth; and the explanatory variables which are represented by the cultural descriptors derived from World Values Survey questions. The main results of the paper consist in the following theses: the culture is relevant for the national characteristics of IFRSs implementation in European Union; and the accounting framework matters for the outcomes of social decisions.

Suggested Citation

  • Dima, Bogdan & Cristea, Stefana Maria, 2008. "A web of intercorrelations: culture, financial reporting and social output," MPRA Paper 8246, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:8246
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/8246/1/MPRA_paper_8246.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ioan Talpos & Bogdan Dima & Cosmin Enache & Mihai Ioan Mutascu, 2005. "Agency, Associations And Culture: A Thale Of State And Society," Public Economics 0510022, University Library of Munich, Germany.
    2. Hirshleifer,Jack, 2001. "The Dark Side of the Force," Cambridge Books, Cambridge University Press, number 9780521804127.
    3. Guido Cozzi, 1998. "Culture as a Bubble," Journal of Political Economy, University of Chicago Press, vol. 106(2), pages 376-394, April.
    4. Harrison, Graeme L. & McKinnon, Jill L., 1986. "Culture and accounting change: A new perspective on corporate reporting regulation and accounting policy formulation," Accounting, Organizations and Society, Elsevier, vol. 11(3), pages 233-252, May.
    5. Oriol Amat & John Blake & Philip Wraith & Ester Oliveras, 1999. "Dimensions of national culture and the accounting environment -The Spanish case-," Economics Working Papers 394, Department of Economics and Business, Universitat Pompeu Fabra.
    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. Dima, Bogdan & Dima (Cristea), Stefana Maria, 2009. "A discussion on new cultural and accounting variables and IFRSs’ implementation[:] Empirical study on a sample of Central and Eastern European countries," MPRA Paper 27165, University Library of Munich, Germany.
    2. Ioan Talpos & Bogdan Dima & Mihai Mutascu & Cosmin Enache, 2008. "Culture and Migration: a Tale about Fear and Hope (with an Empirical Analysis on European Union Case)," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 4(4(521)), pages 19-32, April.
    3. Konstantin Yanovsky & Ilia Zatcovetzky & Sergei Zhavoronkov & Ekaterina Reva, 2013. "Modern Anti-Capitalistic Ideologies," Working Papers 0059, Gaidar Institute for Economic Policy, revised 2013.
    4. Pierre Andre & Sandrine Mesplé-Somps, 2010. "Politics and the geographic allocation of public funds in a semi-democracy. The case of Ghana, 1996 - 2004," Working Papers halshs-00962698, HAL.
    5. Silvia Rossetti & Roberto Verona, 2017. "International Differences in IFRS Policy Choice and the Persistence of Accounting Classification: The Case of China," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(2), pages 1-27, January.
    6. Paul Collier & Anke Hoeffler, 2006. "Military expenditure in post-conflict societies," Economics of Governance, Springer, vol. 7(1), pages 89-107, January.
    7. Adam Smith & David Skarbek & Bart Wilson, 2012. "Anarchy, groups, and conflict: an experiment on the emergence of protective associations," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(2), pages 325-353, February.
    8. Francois, P. & Zabojnik, J., 2001. "Culture and Development : An Analytical Framework," Discussion Paper 2001-25, Tilburg University, Center for Economic Research.
    9. J. Paul Dunne & María D.C. García-Alonso & Paul Levine & Ron P. Smith, 2006. "Managing asymmetric conflict," Oxford Economic Papers, Oxford University Press, vol. 58(2), pages 183-208, April.
    10. Beckmann, Klaus B., 2017. "Bounded rationality in differential games," Working Paper 178/2017, Helmut Schmidt University, Hamburg.
    11. David K Levine & Salvatore Modica, 2022. "Survival of the Weakest: Why the West Rules," Levine's Working Paper Archive 786969000000001458, David K. Levine.
    12. Roth, M. Garrett & Skarbek, David, 2014. "Prison Gangs and the Community Responsibility System," Review of Behavioral Economics, now publishers, vol. 1(3), pages 223-243, May.
    13. Lan, Hao & Moreira, Fernando & Zhao, Sheng, 2023. "Can a house resale restriction policy curb speculation? Evidence from a quasi-natural experiment in China," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 841-859.
    14. Vlad Tarko & Kyle O’Donnell, 2019. "Escape from Europe: a calculus of consent model of the origins of liberal institutions in the North American colonies," Constitutional Political Economy, Springer, vol. 30(1), pages 70-95, March.
    15. Johannes Münster & Klaas Staal, 2011. "War with Outsiders Makes Peace Inside," Conflict Management and Peace Science, Peace Science Society (International), vol. 28(2), pages 91-110, April.
    16. Takeshi Kobayashi & Masaya Sakuragawa, 2008. "Boom and Bust Cycle of the Stock Market, and Economic Growth in a Vintage Capital Model," International Journal of Economic Theory, The International Society for Economic Theory, vol. 4(3), pages 411-432, September.
    17. Satish Chand, 2010. "From Predation to Production Post-conflict," Working Papers 200, Center for Global Development.
    18. Hadi Yektaş & Magnus Hoffmann & Friedhelm Hentschel & Roland Hodler, 2019. "Wars of Conquest and Independence," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 175(4), pages 617-640.
    19. Hernando Zuleta, 2021. "Competitividad y entorno institucional en Colombia," Documentos CEDE 19623, Universidad de los Andes, Facultad de Economía, CEDE.
    20. Ron Smith & Jacques Fontanel, 2008. "International security, defence economics and the powers of nations," Post-Print hal-02091131, HAL.

    More about this item

    Keywords

    Accounting harmonization; culture; financial reporting; social output; world values survey; IFRSs;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:pra:mprapa:8246. 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    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.