Browsing by Author "Zahid, R. M. Ammar"

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Citation - WoS: 1
Cultural Influence on Accounting Practices in Romania: Empirical Test of Gray's Hypotheses
(Editura Ase, 2017) Zahid, R. M. Ammar; Taran, Alina; Simga-Mugan, Can
The efforts of convergence and reform of worldwide accounting diminished diversity of standards and practices, but the influence of environmental factors causing diversity still persists. The aim of this paper is to study the relationship between national culture and current financial reporting practices of Romanian listed companies, by testing Gray's hypotheses (1988), using confirmatory factor analysis and structural equation modelling. Through an originally revised set of proxies for measuring cultural and accounting dimensions, this study reveals that cultural dimensions change over time, and the accounting practices as well. It also proves that only seven out of the thirteen relationships defined by Gray have significant values for Romanian culture of the last twenty years, three of them confirming Gray's theory and four contradicting it. This research helps to a better understanding of current accounting practices in Romania and provides support for drafting expectations regarding the influence of culture on accounting practices and changes in Romanian accounting system in the future.
Citation - WoS: 8
Citation - Scopus: 9
Cultural Values and Financial Reporting Practices: Contemporary Tendencies in Eastern European Countries
(Univ Alexandru Ioan Cuza, Centrul Studii Europene, 2018) Zahid, R. M. Ammar; Taran, Alina; Simga-Mugan, F. N. Can
Financial reporting practices may never be uniform because of contextual factors that differentiate countries and businesses all over the world. By following Gray's (1988) approach, this study investigates how cultural factors influenced financial reporting practices from three representative Eastern-European countries, Lithuania, Poland, and Romania, during the 2000-2015 period. Confirmatory factor analysis and structural equation modelling indicate that societies' orientation towards uncertainty avoidance and individualism influence accounting values of professionalism, uniformity, conservatism, and secrecy. Masculinity dominance enhances accounting for prudential practices and limited disclosure. These findings suggest that international accounting harmonization cannot overcome cultural boundaries. Standard-setters, practitioners, and stakeholders need to be aware of this.
Ownership and Corporate Performance in European Frontier Markets
(Editura Ase, 2018) Zahid, R. M. Ammar; Taran, Alina; Simga-Mugan, Can
This study investigates the influence of ownership on financial performance of listed companies from the European frontier markets, considering three dimensions: concentration of strategic shareholders, diversity, and ownership structure (strategic foreign, local, state, and free float). The results of panel regression estimations indicate that ownership concentration and local shareholders have a positive effect on market performance, as measured by Tobin's Q, whereas ownership diversity has a negative effect. No significant evidence was found regarding the influence of ownership on financial performance measured on accounting basis, as return-on-assets (ROA). These findings reveal characteristics of corporate ownership in the European frontier markets.