International Accounting and Auditing Standards Adoption in Non-EU Eastern European Countries: Review of Regulations and Literature

2021 ◽  
Author(s):  
Maria Rykaczewski ◽  
Maya Thevenot ◽  
Maria Vulcheva
Keyword(s):  
Empirical Work ◽  
International Standards ◽  
European Countries ◽  
Limited Attention ◽  
International Accounting ◽  
Eastern European ◽  
The European Union ◽  
Big 4 ◽  
Standards Adoption ◽  
Eastern European Countries

In this paper, we review the regulations and research on the adoption of international accounting and audit standards in eleven Eastern European countries outside of the European Union. We find many regulatory commonalities among these jurisdictions related to their Communist-bloc heritage. The state remains the most important stakeholder and tax accounting dominates financial reporting. The work of local auditors is considered less reliable than that of their Big 4 counterparts. International organizations and the Big 4 auditors provide stimuli for and assistance with international standards’ adoption. Accounting and audit research is limited. The scarcity of data forces most authors to focus on the qualitative evaluation of accounting and audit reforms. Some opt for surveys. Few papers include empirical analyses. Our review covers jurisdictions, which have received limited attention in prior literature. We inform future empirical work and speak to the generalizability of previous research findings to this set of countries.

Income convergence in Europe: Catching up or falling behind?

2012 ◽  
Vol 62 (2) ◽  
pp. 183-204 ◽  
Author(s):  
Megan Czasonis ◽  
Michael Quinn
Keyword(s):  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
Income Convergence ◽  
Euro Zone ◽  
Long Run ◽  
Time Period ◽  
Eastern European Countries ◽  
Time Frames ◽  
The Eu

One of the motivations for a country to join the European Union is the belief that this will boost short- and long-run incomes. Researchers have tested the hypothesis of income convergence in different settings using either regression or unit root analysis, with mixed results. In this paper, we use both methods on the same samples over a significant time period. This allows us to judge differences in results across varied time-frames and methodologies. The focus of these tests is on convergence to German and EMU average incomes by Eastern European countries and those within the Euro-zone from 1971–2007. The evidence for convergence is mixed. Among the Euro-zone countries, there is more evidence of convergence in the 1970s and 1980s than recently. There is significant evidence that Eastern Europe experienced convergence and that capital formation was one of the root causes. While the results do not support the hypothesis that joining the EU increases convergence, reforms undertaken in the 1990s by Eastern European countries in preparation for joining may have helped them to “catch up”, even if the act of joining the EU did not directly impact convergence.

scholarly journals "FINANCIAL EDUCATION IN EASTERN EUROPEAN COUNTRIES"

2020 ◽  
Vol 13(62) (2) ◽  
pp. 125-132
Author(s):  
Nicoleta Geanina Bostan
Keyword(s):  
Financial Literacy ◽  
Population Policy ◽  
Financial Education ◽  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
Non Profit ◽  
East European ◽  
The Status ◽  
Eastern European Countries

"In the context of economic disparities among the countries of the European Union, the paper analyses the status of financial literacy for people living in East European countries, the way to increase financial knowledge through financial education and finally leading to a higher and more effective financial inclusion. Economic gaps are a major challenge for Eastern European countries. Their recovery can be done through efficient public policies harmonized with actions to increase the degree of financial education of the population. Policy makers, public institutions and non-profit organisation involved in financial education matters can benefit from this analysis and conclusion just as much as researchers. "

scholarly journals Agriculture and agricultural policy in the European Union

2012 ◽  
Vol 49 (No. 2) ◽  
pp. 62-66
Author(s):  
D. Ahner
Keyword(s):  
European Union ◽  
Agricultural Policy ◽  
Common Agricultural Policy ◽  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
The Common ◽  
Eastern European Countries ◽  
Agenda 2000 ◽  
The Eu

The paper deals with the particular stages of development of the EU Common Agricultural Policy (CAP) in the last forty years. The process and impacts of CAP reforms are analyzed for the particular production industries of agriculture. The paper also presents a detailed description of Agenda 2000 and mid-term review of the Common Agricultural Policy in 2002 that brought about many proposals for the future working of CAP after accession of Central and Eastern European countries.

scholarly journals Conditions of the Occurrence of the Environmental Kuznets Curve in Agricultural Production of Central and Eastern European Countries

Energies ◽  
2020 ◽  
Vol 13 (20) ◽  
pp. 5478
Author(s):  
Piotr Kułyk ◽  
Łukasz Augustowski
Keyword(s):  
Agricultural Production ◽  
Environmental Kuznets Curve ◽  
Generalized Least Squares ◽  
European Countries ◽  
Kuznets Curve ◽  
Eastern European ◽  
Political Transformation ◽  
The European Union ◽  
Social Variables ◽  
Eastern European Countries

The article examines the relationship between CO2 equivalent emissions and agricultural production, taking into account additional economic and social variables that correct the considered relationship for the six Central and Eastern European countries over the period 1992–2017. The aim of the article was to confirm or negate the occurrence of the environmental Kuznets curve (EKC) in the countries of Central and Eastern Europe. Countries that experienced a political transformation and were subsequently admitted to the European Union (EU) undergoing a preparatory period were included. The topic is timely as all EU countries are required to monitor their emissions under the EU Climate Monitoring Mechanism. The discussed problem is significant due to the changes taking place in the common agricultural policy, the choice of actions to be taken by individual countries in their national policies, and the choice of instruments to support the transformation of agriculture. Agriculture has a particularly large impact on emissions, especially N2O and CH4. This paper uses GLS (Generalized least squares) panel regression with random effects taking into consideration individual effects for countries. The conducted empirical research confirmed the hypothesis regarding the occurrence of the Kuznets curve in relation to agricultural production. In this situation, it is required to increase the activities of maintaining production growth, with the support of technological changes that significantly increase pro-environmental conditions, because, in the current circumstances, this growth takes place with an increase in CO2 gas emissions, thus leading to negative external effects.

Transfers as a Means to Combat European Spillovers

2005 ◽  
Vol 225 (6) ◽  
Author(s):  
Dirk T.G. Rübbelke ◽  
Eytan Sheshinski
Keyword(s):  
European Union ◽  
Environmental Policy ◽  
European Countries ◽  
Environmental Taxation ◽  
Eastern European ◽  
The European Union ◽  
Accession Countries ◽  
Eastern European Countries ◽  
The Eu

SummaryIn 2004, there was a further enlargement of the European Union. Among the new member countries are eight Central and Eastern European countries. Especially the accession countries located directly at the border to the EU generate significant environmental spillovers harming the Union. These spillovers are mitigated but not deleted by the enlargement regulations.In this paper we will therefore analyze an instrument which may further diminish the spillover problems: transfers, which are conditional on a tightening of environmental policy in the accession countries. The environmental policy considered is the policy of environmental taxation.

Growth in the Central and Eastern European Countries of the European Union

2007 ◽  
Author(s):  
Abdul Abiad ◽  
Ashoka Mody ◽  
Susan Schadler ◽  
Daniel Leigh ◽  
◽  
...  
Keyword(s):  
European Union ◽  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
Eastern European Countries

scholarly journals The impact of real exchange rates on price competitiveness in Eastern European countries

2020 ◽  
Vol 19 (1) ◽  
pp. 45-55
Author(s):  
Nadiia Proskurnina ◽  
Jürgen Kähler ◽  
Rosario Cervantes-Martinez
Keyword(s):  
Exchange Rates ◽  
Real Exchange Rates ◽  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
Local Exchange ◽  
Developed Economies ◽  
Countries In Transition ◽  
Eastern European Countries ◽  
The Impact

The subject of this paper is empirical research on studies of exchange rates in Eastern European countries, such as Albania, Bulgaria, Bosnia and Herzegovina, Belarus, Czech Republic, Estonia, Croatia, Hungary, Latvia, Lithuania, Moldova, (North) Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, and Slovenia, in order verify the validity of theories that explain these changes. This research aims to explain the mixed evidence of the Balassa-Samuelson effect in Ukraine, taking into account the intentions of Ukraine to become a member of the European Union. Unlike previous works, the attention is shifted to a review of empirical evidence and the identification of main factors that limit the ability to verify the theory. The main conclusion is that all the currencies studied underwent substantial real appreciations during the study period. Thus, it can be concluded that an adequate monetary policy in countries under study is very important, given that local exchange markets are not sustainable enough and the volatility of exchange operations is higher than in countries with developed economies. However, the Balassa-Samuelson Hypothesis (BSH) can explain the impact of the real exchange rate due to changes in productivity in countries in transition.

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