Pub Date : 2023-05-18DOI: 10.20869/auditf/2023/170/013
Mihai-Daniel Gavrila, Alexander Stefan
In the context of economic turmoil and the amplification and diversification of risks to which companies are exposed, internal audit plays an increasingly important role. This is enhanced by the inclusion of internal audit as a component of corporate governance, linked to the interests of investors and other stakeholders. The present research is two-dimensional: the first component includes a review of the literature on internal audit. The second component includes a qualitative research on the identification of organizational coordinates of internal audit at company level, in relation to specific regulatory requirements, in the pandemic period. The results revealed interferences and limitations with respect to compliance with regulated organizational practices on internal audit in relation to the sector in which companies operate.
{"title":"Organizational Practices Related to Internal Audit in Economic Entities from a Pandemic Perspective","authors":"Mihai-Daniel Gavrila, Alexander Stefan","doi":"10.20869/auditf/2023/170/013","DOIUrl":"https://doi.org/10.20869/auditf/2023/170/013","url":null,"abstract":"In the context of economic turmoil and the amplification and diversification of risks to which companies are exposed, internal audit plays an increasingly important role. This is enhanced by the inclusion of internal audit as a component of corporate governance, linked to the interests of investors and other stakeholders. The present research is two-dimensional: the first component includes a review of the literature on internal audit. The second component includes a qualitative research on the identification of organizational coordinates of internal audit at company level, in relation to specific regulatory requirements, in the pandemic period. The results revealed interferences and limitations with respect to compliance with regulated organizational practices on internal audit in relation to the sector in which companies operate.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46903635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-18DOI: 10.20869/auditf/2023/170/008
Laura-Eugenia-Lavinia Barna, B. Ionescu
The accounting profession is in a continuous digitization process, as a result of the frequent use of computer systems with the aim of streamlining and improving the daily activity of employees in this field. However, in addition to the benefits offered by these IT systems for accounting professionals, the risks to which the information processed and stored with these IT systems could be subjected must also be taken into account so that the quality of financial-accounting activities is not disturbed. The present work aims to analyze the main risks to which the financial-accounting data processed and stored in the database of the ERP systems could be subjected, as well as the way to ensure the security of the financialaccounting data within these integrated IT solutions. This article focused on a quantitative research using bibliometric analysis which is basically based on the analysis of a sample of 263 articles dealing with the two key topics of the paper: "data security" and "ERP systems".
{"title":"Ensuring the Security of Financial-Accounting Data Stored in the Database of ERP Systems","authors":"Laura-Eugenia-Lavinia Barna, B. Ionescu","doi":"10.20869/auditf/2023/170/008","DOIUrl":"https://doi.org/10.20869/auditf/2023/170/008","url":null,"abstract":"The accounting profession is in a continuous digitization process, as a result of the frequent use of computer systems with the aim of streamlining and improving the daily activity of employees in this field. However, in addition to the benefits offered by these IT systems for accounting professionals, the risks to which the information processed and stored with these IT systems could be subjected must also be taken into account so that the quality of financial-accounting activities is not disturbed. The present work aims to analyze the main risks to which the financial-accounting data processed and stored in the database of the ERP systems could be subjected, as well as the way to ensure the security of the financialaccounting data within these integrated IT solutions. This article focused on a quantitative research using bibliometric analysis which is basically based on the analysis of a sample of 263 articles dealing with the two key topics of the paper: \"data security\" and \"ERP systems\".","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44164904","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-18DOI: 10.20869/auditf/2023/170/014
Irina Chiriac
The purpose of this study is to investigate the sustainable relationship between government investment in human capital and the number of mergers and acquisitions (M&A). The analysis is carried out on EU countries grouped into emerging countries, frontier countries and developed countries, considering the FTSE Russell ranking. Specifically, the research looks at the impact of a range of social factors: government expenditure on recreation programmes, community events, festivals (RCR), expenditure on housing and community facilities (HCA), expenditure on schools and universities (EDUC), expenditure on hospitals and general practitioners (HLT), expenditure on social protection (SP) and public order and safety (POS), defence expenditure (DEF) and environmental protection expenditure (EP) on the volume of merger or acquisition operations. Following the study carried out with the help of the panel data methodology and the OLS (ordinary least squares) method, we concluded that a business environment characterized by sustainable government investments in culture and education is more likely to contribute to business success and to attract more foreign investors, including those resorting to mergers or acquisitions. The results of the study could help identify the group of countries that require more attention from governments in terms of spending allocated from GDP for a sustainable human capital environment. Also, entrepreneurs can discover sustainable countries where they can make foreign direct investments with a favourable impact on the performance of the target companies.
{"title":"The Sustainable Relationship between Investments in Human Capital and M&A","authors":"Irina Chiriac","doi":"10.20869/auditf/2023/170/014","DOIUrl":"https://doi.org/10.20869/auditf/2023/170/014","url":null,"abstract":"The purpose of this study is to investigate the sustainable relationship between government investment in human capital and the number of mergers and acquisitions (M&A). The analysis is carried out on EU countries grouped into emerging countries, frontier countries and developed countries, considering the FTSE Russell ranking. Specifically, the research looks at the impact of a range of social factors: government expenditure on recreation programmes, community events, festivals (RCR), expenditure on housing and community facilities (HCA), expenditure on schools and universities (EDUC), expenditure on hospitals and general practitioners (HLT), expenditure on social protection (SP) and public order and safety (POS), defence expenditure (DEF) and environmental protection expenditure (EP) on the volume of merger or acquisition operations. Following the study carried out with the help of the panel data methodology and the OLS (ordinary least squares) method, we concluded that a business environment characterized by sustainable government investments in culture and education is more likely to contribute to business success and to attract more foreign investors, including those resorting to mergers or acquisitions. The results of the study could help identify the group of countries that require more attention from governments in terms of spending allocated from GDP for a sustainable human capital environment. Also, entrepreneurs can discover sustainable countries where they can make foreign direct investments with a favourable impact on the performance of the target companies.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48968223","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-18DOI: 10.20869/auditf/2023/170/011
M. Mihai
The author studied the impact of technological, organizational and environmental contexts on the way of implementing solutions based on Artificial Intelligence. The importance of this topic is given by the increasing interest of companies in all fields of activity in adopting solutions based on Artificial Intelligence to help achieve the desired results. The objective pursued in this research is to carry out an analysis of the current situation of financial services regarding how to implement solutions based on Artificial Intelligence, as well as a practical guide for companies that want to implement Artificial Intelligence. The Technological-Organizational-Environmental framework is a complex and comprehensive research framework for technological solutions. The technology context includes technologies in financial sector companies as well as those provided by technology companies. Organizational context refers to organizational preparation and management support in implementing such solutions. Environmental context refers to industrial characteristics and government regulations. In Romania, there are enough solutions based on Artificial Intelligence, and companies have the necessary infrastructure to implement them. The top management is interested in providing the necessary support for the implementation of solutions based on Artificial Intelligence. Legislative instability does not prevent the implementation process of Artificial Intelligence, but slows it down.
{"title":"AI Solutions Implementation Analysis using T-O-E Framework","authors":"M. Mihai","doi":"10.20869/auditf/2023/170/011","DOIUrl":"https://doi.org/10.20869/auditf/2023/170/011","url":null,"abstract":"The author studied the impact of technological, organizational and environmental contexts on the way of implementing solutions based on Artificial Intelligence. The importance of this topic is given by the increasing interest of companies in all fields of activity in adopting solutions based on Artificial Intelligence to help achieve the desired results. The objective pursued in this research is to carry out an analysis of the current situation of financial services regarding how to implement solutions based on Artificial Intelligence, as well as a practical guide for companies that want to implement Artificial Intelligence. The Technological-Organizational-Environmental framework is a complex and comprehensive research framework for technological solutions. The technology context includes technologies in financial sector companies as well as those provided by technology companies. Organizational context refers to organizational preparation and management support in implementing such solutions. Environmental context refers to industrial characteristics and government regulations. In Romania, there are enough solutions based on Artificial Intelligence, and companies have the necessary infrastructure to implement them. The top management is interested in providing the necessary support for the implementation of solutions based on Artificial Intelligence. Legislative instability does not prevent the implementation process of Artificial Intelligence, but slows it down.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44578539","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-18DOI: 10.20869/auditf/2023/170/010
Magdalena Indyk
One of the recent trends in ESG (which stands for Environmental, Social, and Corporate Governance) is an attempt to combine sustainability and financial reporting through direct references to financial statement figures (cf. the ED IFRS S1, S2, the CSRD). This article aims to verify whether it is possible. For this reason, it was assumed that Key Audit Matters (KAMs) identified by financial statement auditors might be a valuable source of information. Identification of ESG-related KAMs by auditors may prove that ESG information is directly traceable to a financial statement and, thus, quantifiable. The empirical part was based on 142 audit reports on the consolidated financial statements for 2021. The sample focused on ESG-related capital groups with the parent entity listed on the Warsaw Stock Exchange. 292 KAMs were obtained, among which 38 (13.01% of the sample) were identified as ESG-related (32 Environmental, 1 Social, and 5 Governance). This research paper: (1) confirms that it is possible to link ESG matters and their outcomes directly to financial statement categories, (2) shows that some areas could be more challenging to quantify, for example, social or governance aspects which may not be seen directly as a financial statement category, (3) comments on KAMs as a good information source if well-written. The article underlines that any attempts to combine sustainability and financial reporting might be demanding. The ESG-exposed businesses are privileged here as their financial statements naturally present ESG-related categories. However, it raises further questions about the presentation, comparability, and integrated reporting quality of all entities, which will have to consider financial and ESG linkages in the future. This article does not answer these questions, is limited to the perspective of KAMs, and, thus, touches only on identified financial statement categories. The article, with its findings, may be important to standard-setters, companies, and other researchers contributing to ESG, financial reporting, and financial audit.
{"title":"Do Financial Statement Auditors Recognise ESG-Related Aspects as Key Audit Matters?","authors":"Magdalena Indyk","doi":"10.20869/auditf/2023/170/010","DOIUrl":"https://doi.org/10.20869/auditf/2023/170/010","url":null,"abstract":"One of the recent trends in ESG (which stands for Environmental, Social, and Corporate Governance) is an attempt to combine sustainability and financial reporting through direct references to financial statement figures (cf. the ED IFRS S1, S2, the CSRD). This article aims to verify whether it is possible. For this reason, it was assumed that Key Audit Matters (KAMs) identified by financial statement auditors might be a valuable source of information. Identification of ESG-related KAMs by auditors may prove that ESG information is directly traceable to a financial statement and, thus, quantifiable. The empirical part was based on 142 audit reports on the consolidated financial statements for 2021. The sample focused on ESG-related capital groups with the parent entity listed on the Warsaw Stock Exchange. 292 KAMs were obtained, among which 38 (13.01% of the sample) were identified as ESG-related (32 Environmental, 1 Social, and 5 Governance). This research paper: (1) confirms that it is possible to link ESG matters and their outcomes directly to financial statement categories, (2) shows that some areas could be more challenging to quantify, for example, social or governance aspects which may not be seen directly as a financial statement category, (3) comments on KAMs as a good information source if well-written. The article underlines that any attempts to combine sustainability and financial reporting might be demanding. The ESG-exposed businesses are privileged here as their financial statements naturally present ESG-related categories. However, it raises further questions about the presentation, comparability, and integrated reporting quality of all entities, which will have to consider financial and ESG linkages in the future. This article does not answer these questions, is limited to the perspective of KAMs, and, thus, touches only on identified financial statement categories. The article, with its findings, may be important to standard-setters, companies, and other researchers contributing to ESG, financial reporting, and financial audit.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48839643","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-18DOI: 10.20869/auditf/2023/170/012
Ivan Dionisijev, Todor Tocev
Transparency refers to unrestricted public access to timely and reliable information about decisions and performance in the public sector. Supreme Audit Institutions as independent institutions, according to professional regulation, are obliged to be transparent to all stakeholders and the general public. Hence, this paper analyzes the transparency of the State Audit Office, as the Supreme Audit Institution in the Republic of North Macedonia through its official website and annual visits by all interested parties. Two independent variables are included in the research: the budget and the change of management from the existence of the State Audit Office until today, to determine if they correlate with the number of visits to the website. To determine the relationship between the variables, a correlation matrix was used, and the data was processed through the SPSS software. The obtained results indicate a strong positive correlation between the determined variables.
{"title":"The Transparency of the Supreme Audit Institution in the Republic of North Macedonia through the Analysis of Official Website Traffic","authors":"Ivan Dionisijev, Todor Tocev","doi":"10.20869/auditf/2023/170/012","DOIUrl":"https://doi.org/10.20869/auditf/2023/170/012","url":null,"abstract":"Transparency refers to unrestricted public access to timely and reliable information about decisions and performance in the public sector. Supreme Audit Institutions as independent institutions, according to professional regulation, are obliged to be transparent to all stakeholders and the general public. Hence, this paper analyzes the transparency of the State Audit Office, as the Supreme Audit Institution in the Republic of North Macedonia through its official website and annual visits by all interested parties. Two independent variables are included in the research: the budget and the change of management from the existence of the State Audit Office until today, to determine if they correlate with the number of visits to the website. To determine the relationship between the variables, a correlation matrix was used, and the data was processed through the SPSS software. The obtained results indicate a strong positive correlation between the determined variables.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41534361","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-14DOI: 10.20869/auditf/2023/169/006
J. A. Adejuwon, Amos Olusola Akinola
The purpose of this study is to determine the effect of the application of big data analytics (BDA) on audit evidence. A descriptive/cross sectional survey design was adopted while random sampling was used to distribute 514 structured questionnaires drawn on four Likert scale to auditors in private practice in South-West, Nigeria. 362 copies of the questionnaire were validly returned and successfully tested for reliability and validity. These were analysed using regression analysis and the results revealed that all elements of audit evidence considered – control tests, sufficiency, assertions on financial statements and relevance/reliability – were positively and significantly affected by the application of BDA. The study recommends that audit firms of all tiers should embrace the application of BDA in sourcing for audit evidence and that, as a matter of urgency, standard setting boards should consider issuing a standard to drive the process.
{"title":"Effect of Big Data Analytics on Audit Evidence","authors":"J. A. Adejuwon, Amos Olusola Akinola","doi":"10.20869/auditf/2023/169/006","DOIUrl":"https://doi.org/10.20869/auditf/2023/169/006","url":null,"abstract":"The purpose of this study is to determine the effect of the application of big data analytics (BDA) on audit evidence. A descriptive/cross sectional survey design was adopted while random sampling was used to distribute 514 structured questionnaires drawn on four Likert scale to auditors in private practice in South-West, Nigeria. 362 copies of the questionnaire were validly returned and successfully tested for reliability and validity. These were analysed using regression analysis and the results revealed that all elements of audit evidence considered – control tests, sufficiency, assertions on financial statements and relevance/reliability – were positively and significantly affected by the application of BDA. The study recommends that audit firms of all tiers should embrace the application of BDA in sourcing for audit evidence and that, as a matter of urgency, standard setting boards should consider issuing a standard to drive the process.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49083245","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-14DOI: 10.20869/auditf/2023/169/007
T. Hammer, P. Siegfried
Financial literacy is the focus of today’s scientific research and has attracted considerable attention. The research focused almost on measuring and interpreting the financial literacy of individuals and households. Research on the general financial literacy of entrepreneurs has so far been limited. Entrepreneurs are drivers of innovation and growth and their ability to make the right financial decisions requires financial literacy among entrepreneurs. The OECD has defined financial literacy of entrepreneurs as the combination of awareness, knowledge, skills, attitudes, and behavior that a potential entrepreneur or an owner or manager of a micro, small, or medium-sized enterprise should to make effective financial decisions to start a business, run a business and ultimately ensure its sustainability and growth. This defines the general need to understand whether entrepreneurs have the skills/abilities or are accessible to make “effective financial decisions”. Such decisions may concern the use of short and longterm capital of their enterprises, working capital and investment decisions, and access to finance for the latter, financing decisions (OECD, 2018). This paper examines the implications of financial literacy on entrepreneurship that emerge from contemporary research and provides approaches for further necessary research in this area.
{"title":"Implications of Financial Literacy on Entrepreneurship","authors":"T. Hammer, P. Siegfried","doi":"10.20869/auditf/2023/169/007","DOIUrl":"https://doi.org/10.20869/auditf/2023/169/007","url":null,"abstract":"Financial literacy is the focus of today’s scientific research and has attracted considerable attention. The research focused almost on measuring and interpreting the financial literacy of individuals and households. Research on the general financial literacy of entrepreneurs has so far been limited. Entrepreneurs are drivers of innovation and growth and their ability to make the right financial decisions requires financial literacy among entrepreneurs. The OECD has defined financial literacy of entrepreneurs as the combination of awareness, knowledge, skills, attitudes, and behavior that a potential entrepreneur or an owner or manager of a micro, small, or medium-sized enterprise should to make effective financial decisions to start a business, run a business and ultimately ensure its sustainability and growth. This defines the general need to understand whether entrepreneurs have the skills/abilities or are accessible to make “effective financial decisions”. Such decisions may concern the use of short and longterm capital of their enterprises, working capital and investment decisions, and access to finance for the latter, financing decisions (OECD, 2018). This paper examines the implications of financial literacy on entrepreneurship that emerge from contemporary research and provides approaches for further necessary research in this area.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41376758","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-14DOI: 10.20869/auditf/2023/169/002
M. Huian, M. Mironiuc
The paper investigates the capital structure of companies listed on the Bucharest Stock Exchange (BSE) from an organizational life cycle perspective, seen as a determinant of the decisions to finance operations and growth. For this purpose, the life cycle is measured according to the cash flows patterns. Motivated by the pecking-order theory (POT) and carried out on a sample of 59 companies in the period 2010-2020, the study uses a Least Squares Dummy Variable (LSDV) panel data model and shows that listed Romanian companies resort more to bank financing in the initial stages of their life cycle. As they reach the maturity and shake-out stages, companies reorient towards internal financial resources and equity issuance, which is in line with the POT. Furthermore, the age of companies has a rather weak effect on the financial leverage, and its effect diminishes as firms age. The results also confirm the importance of having a high level of tangible fixed assets as collateral for bank loans, but also the significant role of the industry and geographical positioning on the degree of external financing.
{"title":"Empirical Evidence on the Relationship between Capital Structure and Organizational Life Cycle","authors":"M. Huian, M. Mironiuc","doi":"10.20869/auditf/2023/169/002","DOIUrl":"https://doi.org/10.20869/auditf/2023/169/002","url":null,"abstract":"The paper investigates the capital structure of companies listed on the Bucharest Stock Exchange (BSE) from an organizational life cycle perspective, seen as a determinant of the decisions to finance operations and growth. For this purpose, the life cycle is measured according to the cash flows patterns. Motivated by the pecking-order theory (POT) and carried out on a sample of 59 companies in the period 2010-2020, the study uses a Least Squares Dummy Variable (LSDV) panel data model and shows that listed Romanian companies resort more to bank financing in the initial stages of their life cycle. As they reach the maturity and shake-out stages, companies reorient towards internal financial resources and equity issuance, which is in line with the POT. Furthermore, the age of companies has a rather weak effect on the financial leverage, and its effect diminishes as firms age. The results also confirm the importance of having a high level of tangible fixed assets as collateral for bank loans, but also the significant role of the industry and geographical positioning on the degree of external financing.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44393645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-14DOI: 10.20869/auditf/2023/169/004
M. Preda
The economic effects of the pandemic, the financial difficulties of companies, but also the expectations of investors and other stakeholders are the prerequisites for implementing and strengthening corporate governance. The research has two components: the first component includes conceptual approaches to corporate governance. The second component includes qualitative research investigating specific aspects of corporate governance at the company level in the pandemic context. The results revealed heterogeneous approaches to corporate governance depending on the sector of activity of the companies and the typology of the corporate governance model.
{"title":"Corporate Governance Issues in a Pandemic Context","authors":"M. Preda","doi":"10.20869/auditf/2023/169/004","DOIUrl":"https://doi.org/10.20869/auditf/2023/169/004","url":null,"abstract":"The economic effects of the pandemic, the financial difficulties of companies, but also the expectations of investors and other stakeholders are the prerequisites for implementing and strengthening corporate governance. The research has two components: the first component includes conceptual approaches to corporate governance. The second component includes qualitative research investigating specific aspects of corporate governance at the company level in the pandemic context. The results revealed heterogeneous approaches to corporate governance depending on the sector of activity of the companies and the typology of the corporate governance model.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48244739","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：