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A discussion on new cultural and accounting variables and IFRSs’ implementation[:] Empirical study on a sample of Central and Eastern European countries

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  • Dima, Bogdan
  • Dima (Cristea), Stefana Maria

Abstract

In the context of a growing literature addressing the connection between cultural variables and accounting regulations, the general objective of this paper is to provide a theoretical discussion and empirical evidence on the recent trends in financial reporting on a sample of CEE countries. Thus, the specific objectives of the paper are: 1) to provide an operational definition of culture; 2) to advance a set of cultural variables that we consider relevant for the interactions between culture and the implementation of accounting regulations; (3) to “translate” these variables into a set of specific accounting variables built from a “functional” perspective; 4) to test four hypotheses based on the empirical pool data. The dependent variable is a dummy aiming to capture the specificity of IFRSs’ endorsement for unlisted entities in CEE countries and the explanatory variables are our own accounting variables based on a set of cultural ones derived from World Values Survey’s questions. The main output of the paper consists in the thesis that the culture in general and the specific accounting values in particular are relevant for the national characteristics of IFRSs’ implementation in the sample countries.

Suggested Citation

  • 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.
  • Handle: RePEc:pra:mprapa:27165
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    File URL: https://mpra.ub.uni-muenchen.de/27165/1/MPRA_paper_27165.pdf
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    References listed on IDEAS

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    1. Ioan Talpos & Bogdan Dima & Cosmin Enache & Mihai Ioan Mutascu, 2005. "Agency, Associations And Culture: A Thale Of State And Society," Public Economics 0510022, EconWPA.
    2. Hussein, Mohamed E., 1996. "A comparative study of cultural influences on financial reporting in the U.S. and The Netherlands," The International Journal of Accounting, Elsevier, vol. 31(1), pages 95-120.
    3. Baskerville, Rachel F., 2003. "Hofstede never studied culture," Accounting, Organizations and Society, Elsevier, vol. 28(1), pages 1-14, January.
    4. Ding, Yuan & Jeanjean, Thomas & Stolowy, Herve, 2005. "Why do national GAAP differ from IAS? The role of culture," The International Journal of Accounting, Elsevier, vol. 40(4), pages 325-350.
    5. Guido Cozzi, 1998. "Culture as a Bubble," Journal of Political Economy, University of Chicago Press, vol. 106(2), pages 376-394, April.
    6. 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.
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    Citations

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    Cited by:

    1. Valentin BURCA, 2013. "Bankruptcy Risk in IFRS Era. Case Study on BSE Companies," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 61-70.
    2. Esin Yelgen & Nilüfer Tetik, 2014. "The Development of Accounting in Turkey and Analysis of the Accounting Culture In Terms of International Accounting and Financial Reporting Standards (IFRS)," Proceedings of International Academic Conferences 0702372, International Institute of Social and Economic Sciences.

    More about this item

    Keywords

    cultural variables; accounting variables; financial reporting; IFRSs; WVSs; CEE;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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