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Accounting In The Context Of Corporate Governance: Empirical Study Based On Companies Listed On The Bucharest Stock Exchange

Author

Listed:
  • BIRCA ALIONA

    (ACADEMY OF ECONOMIC STUDIES OF MOLDOVA, ROMANIAN ACADEMY)

  • GRIGOROI LILIA

    (ACADEMY OF ECONOMIC STUDIES OF MOLDOVA)

  • MIHAI OLESIA

    (ALEXANDRU IOAN CUZA UNIVERSITY OF IASI)

Abstract

This study explores accounting in terms of its openness towards new trends of the capital market in the context of globalization and continuously changing needs of various categories of users. The theoretical framework of the study explores the relations between traditional elements of financial and managerial accounting in correlation with new trends generated by the development of sustainable corporate governance. Strategic managerial accounting has been one of the new challenges brought by the need of companies to disclose their non-financial information related to internal and external environment for short, medium and long-term decision-making. The authors look at the regulatory framework in order to underline the evolution and conditions that businesses should comply with in their internal and external reporting. For this purpose, annual reports of main companies listed on the Bucharest Stock Exchange have been used in the empirical study. Specifically, the study proves that that the elements of modern accounting cannot ignore key operations of company management. In this context, such information as risk management, evaluation of investment, corporate social responsibility, internal audit, internal control, managerial strategies, financial reporting, performance and stewardship are becoming very important.

Suggested Citation

  • Birca Aliona & Grigoroi Lilia & Mihai Olesia, 2024. "Accounting In The Context Of Corporate Governance: Empirical Study Based On Companies Listed On The Bucharest Stock Exchange," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 86-100, August.
    • Handle: RePEc:cbu:jrnlec:y:2024:v:4:p:86-100
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    References listed on IDEAS

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