English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

This paper addresses the transparency and the quality of financial disclosures of listed companies in an emerging economy (i.e. Romania), in order to shed some light on the particular local context of the country and on its impact on accounting practices. While emerging economies have attracted a lot of attention from an economic perspective recently, less is known about the accountability processes of the entities in such countries. Emerging economies are characterized as countries having informal institutions, lower enforceability, and lower quality of auditing (Peters et al., 2011). The low regulatory and enforcement pressures would impede the transparency and quality of financial disclosures of entities in such countries; research is therefore needed to understand local practices. On the other hand, there are pressures on emerging-market companies to communicate more transparent and relevant information (Kang, Gray, 2011). For example, norms and regulations have been issued to increase the transparency of companies in order to facilitate the movement of capital within the EU financial market (including the new members which are emerging economies) (Bonsón, Escobar, 2006). Therefore, improvements have been made over the last few years, at least at the regulatory level. There is a growing body of research on emerging economies, but emerging economies do not form a homogeneous group (Chamisa, 2000; Chand, 2005) and findings cannot be generalized. We report in this paper on the case of Romania, a member of the European Union (EU) since 1 January 2007, but which underwent several decades of communism during the second half of the 20th century. In

Transparency and quality of financial disclosures. The case of Romanian listed companies