The AMIS 2017 International Conference Proceedings

627 Pages·2017·8.51 MB·English

THE BUCHAREST FACULTY OF ACCOUNTING
UNIVERSITY OF AND MANAGEMENT
ECONOMIC STUDIES INFORMATION SYSTEMS

Proceedings of the 12th International
Conference

Accounting and
Management Information Systems
AMIS 2017

June 7 – 8, 2017
The Bucharest University of Economic Studies
6, Piața Romană, 1st district,
Bucharest, 010374 Romania

ISSN 2247-6245
ISSN-L 2247-6245

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ORGANIZING COMMITTEE

from the Faculty of Accounting and Management Information Systems,
The Bucharest University of Economic Studies

Pavel Năstase Department of Management Information Systems
Liliana Feleagă Department of Accounting and Audit
Cătălin Albu Department of Accounting and Audit
Nadia Albu Department of Accounting and Audit
Adrian Anica-Popa Department of Financial Analysis and Valuation
Dana Boldeanu Department of Management Information Systems
Daniela Calu Department of Accounting and Audit
Raluca Gușe Department of Accounting and Audit
Dragoș Mangiuc Department of Management Information Systems
Andrei Stanciu Department of Management Information Systems

INTERNATIONAL SCIENTIFIC COMMITTEE
Chair
Pavel Năstase The Bucharest University of Economic Studies, Romania
Members
Anna Alon University of Agder, Norway
Ulf Brüggemann Humboldt University Berlin, Germany
Charles Cho ESSEC Paris, France
Dominic Detzen Vrije Universiteit Amsterdam, Netherlands
Robert Faff University of Queensland, Australia
Liliana Feleagă The Bucharest University of Economic Studies, Romania
Andrei Filip ESSEC Paris, France
Allan Hodgson University of Queensland, Australia
Sebastian Hoffmann University of Edinburgh, UK
Gilad Livne University of Exeter, UK
Gerald Lobo University of Houston, USA
Luc Paugam HEC Paris, France
Katherine Schipper Duke University, USA
Donna Street University of Dayton, USA
Florin Vasvari London Business School, UK
Alfred Wagenhofer University of Graz, Austria

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Contents
Foreword 8
PS1 Sustainable development 9
Chairperson: Cagnur Kaytmaz Balsari, Dokuz Eylül University, Turkey
Financial performance improvement through sustainable development
10
Mihai Păunică
Violeta Nicoleta Opriș
Mădălina Elena Opriș
Gabriela Lidia Tănase
The corporate fiscal pressure and its factors of influence
26
George Pasmangiu
PS2 Accounting disclosures in the banking industry 38
Chairperson: Luc Paugam, HEC Paris, France
Corporate social responsibility disclosures and financial performance:
39
Evidence from Polish banks
Łukasz Matuszak
Ewa Różańska
PS3 Law 1 58
Chairperson: Raluca Dimitriu, The Bucharest University of Economic Studies,
Romania
The exchange of goods within the European Union - part of free
59
movement of goods in the EU - in the context of recent legislative
changes to the EU level
Ioana Nely Militaru
Considerations on the obligations impacted by modalities
70
Cristina Cojocaru
PS4 Audit and ethics 76
Chairperson: Anna Alon, University of Agder, Norway
The relevance of financial information and contents of the new audit
77
report for lending decisions of commercial banks
Marina Serafimoska Trpeska
Atanasko Atanasovski
Zorica Bozinovska Lazarevska
The impact of administrative and legal barriers on the effectiveness of
91
financial analysis and audit of companies in developing countries –
Polish experience
Lukasz Prysinski
Rafal Jozwicki
PS5 Corporate reporting in CEE 106
Chairperson: Ulf Brüggemann, Humboldt University Berlin, Germany
Exploratory study of geographic segment reporting practices of
107
multinationals operating in CEE
Alina Țaran
Can Simga-Mugan

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Marilena Mironiuc
PS6 Accounting information systems 123
Chairperson: Victoria Stanciu, The Bucharest University of Economic Studies,
Romania
An exploration of the accounting profession – the stream of mobile
124
devices
Victoria Stanciu
Mirela Gheorghe
Avoid cloud captivity – facing the challenge
136
Dragoș M. Mangiuc
Emerging information technologies in accounting and related security
151
risks
Sînziana Maria Rîndașu
Exploring cybercrime – realities and challenges
172
Victoria Stanciu
Andrei Tinca
PS7 Law 2 185
Chairperson: Raluca Dimitriu, The Bucharest University of Economic Studies,
Romania
Unsettling trends in collective bargaining today
186
Raluca Dimitriu
Positive and negative implications entailed by fixed-term employment
200
contracts
Mihaela Emilia Marica
Human rights against discrimination. Limits of notification right
212
Dragoș Lucian Rădulescu
PS8 SMEs Reporting in Central and Eastern Europe (special issue 220
JAMIS)
Chairperson: Cătălin Albu, The Bucharest University of Economic Studies,
Romania
Does simplified accounting limit small and micro companies’ access to
221
bank financing?
Halina Waniak-Michalak
PS9 Transfer prices 237
Chairperson: Anastasios Elemes, ESSEC Paris, France
A European map regarding the strictness of the transfer pricing
238
regulations: Where is Romania situated?
Ioana Neacșu
Liliana Feleagă
The assessment of the transfer pricing influence on the income tax
262
through the net margin method, in the case of the companies listed on
the Bucharest Stock Exchange
Ioan Bogdan Robu
Neli Căpățînă Verdeș

4
The digital economic chain - it in the loop of the OECD regulations
276
Ramona V. Jurubiță
PS10 Accounting profession 291
Chairperson: Costel Istrate, Alexandru Ioan Cuza University of Iași, Romania
A survey on students’ perceptions towards the contribution of
292
accounting disciplines to developing professional and personal skills
Ștefan Bunea
Student engagement in master’s programmes – evidence from
310
accounting master students
Alina M. Irimescu
Lidia C. Manea
Mirela E. Nichita
The motivations of choosing accountancy as a profession in Romania
325
Cristina Florina Țicoi
PS11 Integrated reporting 337
Chairperson: Sebastian Hoffmann, University of Edinburgh, UK
The materiality matrix – an emerging tool for sustainability
338
performance disclosure
Camelia I. Lungu
Chirața Caraiani
Cornelia Dascălu
A literature review on Integrated Reporting
358
Mădălina C. Dumitru
Ioana Sofian
Integrated reporting in European context: Practices-in-use vs. IR
387
framework requirements
Alina Bratu
PS12 Accounting information and decision making 403
Chairperson: Dominic Detzen, Vrije Universiteit Amsterdam, Netherlands
The perceived suitability of management accounting information: A
404
contingency based investigation
Ewelina Zarzycka
Justyna Dobroszek
Cristina Circa
Alina Almășan
Accountants are not robots! How professional accounting judgment is
430
affected by individual optimism, risk taking and self-confidence
Victoria Bogdan
Ioana Teodora Meșter
Dana Gherai
Carmen Mihaela Scorțe
Productivity of knowledge workers. How can we analyze and measure
447
it?
Costin Ciora
Ion Anghel
Vasile Robu

5
PS13 CSR 455
Chairperson: Allan Hodgson, University of Queensland, Australia
The interrelation between the CSR and the accounting information
456
system data – the case of the Polish financial institutions
Justyna Fijałkowska
Beata Zyznarska-Dworczak
Przemysław Garsztka
Under-reporting of corporate R&D expenditure in Poland –
478
consequences for verifying possible crowding-out effect of private
investment by public subsidies. Evidence from Polish pharmaceutical
sector
Anna Białek-Jaworska
Barbara Grabińska
PS14 Romanian capital market 479
Chairperson: Andrei Filip, ESSEC Paris, France
Justifications for the modified opinions and for other observations in
500
the audit reports of Romanian listed companies
Costel Istrate
Cultural influence on accounting practices in Romania: Empirical test
515
of Gray’s hypotheses
Ammar Zahid
Alina Țaran
Can Simga-Mugan
Thematic manipulation in the letters to shareholders of Romanian
531
listed companies
Maria Silvia Săndulescu
Cătălin Nicolae Albu
PS15 Finance 542
Chairperson: Robert Faff, University of Queensland, Australia
Re-examining the nexus between culture and life insurance demand in
543
times of crisis: A panel data investigation of the OECD countries
Ingrid Mihaela Dragotă
Codruța Mare
Camelia Vâlceanu
The analysis of structural similarities and business cycle
568
synchronization between the CEE countries and the Eurozone
Dan Armeanu
Carmen Pascal
Hedging the Romanian bonds risk
581
Mihai Cristian Dinică
PS16 Public sector 594
Chairperson: Raluca Rațiu, IE University, Spain
The participative budgeting within the public sector. A new vision in
595
Romania
Aurelia Ștefănescu
Gabriela Lidia Tănase

6
Corruption in the public sector in Romania
607
Ileana Nișulescu-Ashrafzadeh
Silviu Duțulescu
The politics of public sector combinations
616
Radu Daniel Loghin
Monica Veronica Honu

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FOREWORD

The 12th edition of the Accounting and Management Information Systems conference
took place on June 7-8 2017 in Bucharest, Romania, at the Bucharest University of
Economic Studies. We invite the scholars interested in accounting research to read the
papers included in the conference proceedings.

We are very glad that our conference continues to be a preferred meeting place for
worldwide renowned academics and emerging scholars, and we try to continue the
tradition. The conference hosted 145 participants from 14 countries. Moreover, we are
honored to have continued this year the close collaboration with our partners,
including the International Association for Accounting Education and Research,
ACCA, KPMG in Romania, and the Chamber of Financial Auditors of Romania. I
thank you very much for the continuous support of our conference. Moreover, I would
also like to thank the other conference sponsors: Deloitte, PricewaterhouseCoopers,
Alitrans, TUV Austria Romania and Vulpoi & Toader Management.

A special thank you goes to the conference reviewers, chairs and presenters, who all
make a great job in making this conference work. We appreciate your involvement
very much. I would also like to thank our organizing committee for their work and
time devoted to this conference. Cătălin Albu, Nadia Albu, Adrian Anica Popa, Dana
Boldeanu, Daniela Calu, Liliana Feleag ă, Raluca Guşe, Dragoş Mangiuc and Andrei
Stanciu, continue to give up voluntarily their time to organize another edition of our
conference.

I hope that we put up a good conference program, reflected in the conference
proceedings, with interesting and relevant papers for accounting academics.

Prof. dr. Pavel NASTASE
Chair of the Conference

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PS1 SUSTAINABLE DEVELOPMENT

Chairperson: Cagnur Kaytmaz Balsari, Dokuz Eylül University, Turkey

Financial performance improvement through sustainable development
Mihai Păunică
Violeta Nicoleta Opriș
Mădălina Elena Opriș
Gabriela Lidia Tănase

The corporate fiscal pressure and its factors of influence
George Pasmangiu

9
Financial performance improvement through sustainable
development

Mihai Păunicăa, Violeta Nicoleta Opriș b, Mădălina Elena Oprișc and
Gabriela Lidia Tănase d,1

a, c, d The Bucharest University of Economic Studies, Romania
b Military Technical Academy, Romania

Abstract: Sustainable development has become a global necessity. However,
economic entities face difficulties in adopting sustainable principles, given the fact
that they lead to conflicts between the needs of shareholders and stakeholders,
between the costs incurred and the enterprise objective: the maximization of the
business value. On the assumption that an economic entity will accede to the
principles of sustainable development only if it will generate future economic benefits,
this paper analyses the advantages generated by the integration of sustainability in
the strategies of an organization, and also the impact of sustainable development on
financial performance. In order to test the link between sustainable development and
financial performance we selected the top 79 companies listed on the London Stock
Exchange, from the Oil and Gas industry, which report information on sustainable
development. The analysis was based on an econometric model. The variable
financial performance was measured by the result before taxes, and sustainable
development was quantified based on predetermined criteria according to a rating
scale proposed by the authors. The results reveal the existence of a positive influence
of sustainable reporting on financial result, although the impact is statistically
insignificant. The paper contributes to the international literature by highlighting the
existence of a positive relationship between sustainability and performance and to the
sustainable development implementation in economic entities by accentuating its
advantages.

Keywords: sustainable development; social responsibility; environment; society;
performance

1. Introduction

Sustainable development represents a concept and an ideology that has gained great
momentum in the past years, evolving from a new concept to a well-recognized term.
The concept of sustainable development emerged in the context of problems like
energy consumption, wastes, greenhouse gases emissions (Chong et al ., 2016),
pollution, overexploitation and scarcity of natural resources, deforestation, disease,
and starvation. Its development lies on the stakeholders’ pressure regarding the
adoption of a more sustainable conduct and of sustainability reporting practices
(Lungu et al., 2016).

1 Corresponding author: Department of Accounting and Audit, The Bucharest University of Economic
Studies, 6 Pia ța Romană, 1st district, Bucharest, 010374 Romania; tel. [phone]); email
address: [email protected]

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