The Influence of Culture on Accounting Disclosure among Islamic Countries

Maria Alina Caratas (), Elena Cerasela Spătariu () and Gabriela Gheorghiu ()
Additional contact information
Maria Alina Caratas: The Bucharest University of Economic Studies
Elena Cerasela Spătariu: “Ovidius†University of Constanta
Gabriela Gheorghiu: “Ovidius†University of Constanta

Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 2, 95-100

Abstract: The purpose of the paper is to explore the influence of cultural diversity on accounting disclosure among companies from Islamic countries. The methodology consists in analysing the literature on accounting disclosure and accounting information reported by companies operating in Islamic countries. We used the inductive reasoning, starting from a review on current scientific research over the changes occurred in accounting practices in developing economies. Islamic companies need to disclose clear and accurate financial and nonfinancial information in a trustworthy and reliable manner, while both Shari’ah-receptive investors and regulators care for environmental, social and governance impacts of Islamic investments. Analysing the governance scores, we came to conclude that companies with headquarters in countries that adopted Shari’ah standards as national ones, score higher than companies from countries where international accounting standards are used or in countries where both standards are used.

Keywords: accounting; culture; Islam; corporate governance; corporate disclosure (search for similar items in EconPapers)
JEL-codes: E42 M14 M41 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://stec.univ-ovidius.ro/html/anale/RO/2021-2/Section%201%20and%202/13.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:95-100

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().