Camelia I. Lungu

The externalities in social environmental accounting

Purpose - The purpose of this paper is to examine the externalities in social environmental accounting. Design/methodology/approach - The paper is based on the fundamental research that is related to inductive accounting theory and uses scientific methods for identification of theoretical and practical difficulties of recognizing the externalities in social environmental accounting. Findings - The main finding of the paper is that the information portfolio for the assessment of the externalities will contribute to the accurate estimation of the accounting offer and to the objective judgment of the requested information of this kind within the global performance management. This feat will allow construction of a pertinent informational base concerning the externalities, for integration of the external social costs into the conventional accounting model with a view to smoothly substantiating the socioeconomic and environmental policies. Practical implications - This paper focuses on designing a social arrangement that, in the presence of externalities, can offer an optimal allocation of resources and thus a maximization of welfare for Romanian companies. Originality/value - The paper helps put the organization in a stronger competitive position in relation to firms that apply only conventional accounting and is not extensively and creatively in using the outcomes of expanding social environmental accounting in its decision making.

Green Accounting Initiatives and Strategies for Sustainable Development

IGI Global tarafından 2015 yılında yayınlanmış olan “Girişimlerde Yeşil Muhasebe ve Sürdürülebilir Kalkınma Stratejileri” finans, ekonomi ve muhasebe tarihinin önemli kitaplarından biridir. Bu kitap; Chirata Caraiani, Camelia I. Lungu, Cornelia Dascâlu ve Florian Colceag tarafından 381 sayfa olarak hazırlanmıştır. Kitap Prof. Liliana Feleagâ tarafından yazılmış önsöz ve sunuş ile başlamaktadır. Günümüz toplumunda, çevresel sorunlar girişimlerin karar verme ve planlamalarında ön plandadır. Girişimlerin çevresel sorunlara yönelik duyarlı davranmaları, bu sorunlara yönelik metodoloji ve strateji sunmak için bu kitap hazırlanmıştır. Girişimlerde Yeşil Muhasebe ve Sürdürülebilir Kalkınma Stratejileri adlı kitap gelecekte girişimlere, ekonomik, sosyal ve çevresel hedeflere yönelik en son bilimsel araştırmaları sunmaktadır. Kitap; sonuç, dizin ve kaynakça haricinde oniki bölümden oluşmaktadır. Kitapta yer alan bölümler şu şekildedir:  Birinci bölümde; Üçlü Kar Hanesi Yaklaşımındaki Muhasebe ve Performans Ölçüleri (yaklaşıma yönelik güncel ve gelecekteki trendler),  İkinci bölümde; Muhasebe Bilgisinin Yeni Boyutu: Sosyal ve Çevresel Yaklaşımlar (Muhasebe açısından geleneksel ve yeni yaklaşımlara yönelik araştırmalar),  Üçüncü bölümde; Sosyal ve Çevresel Raporlama İçin Avrupa ve Uluslararası Standartlar,  Dördüncü bölümde; Sosyal ve Çevresel Krizler Bağlamında Maliyetler ve Dışsallıklar,  Beşinci bölümde; Yeşil Girişimlerde Raporlama ve Ölçme Modelleri,  Altıncı bölümde; Entegre Denetim Sistemindeki Çevre Denetimi  Yedinci bölümde; Adaptif Yönetim Perspektifinden Varlıkların Sürdürülebilir Kalkınması,  Sekizinci bölümde; Yeşil Kurumsal Stratejiler Risk Yönetimi,  Dokuzuncu bölümde; Sürdürülebilir Çevrede Kurumsal İletişimin Kalitesi,  Onuncu bölümde; Sürdürülebilir Modeldeki Oransal (Fraktal) Yaklaşım,  Onbirinci bölümde; GAIA Teorisi: Sürdürülebilir Toplum İçin Model

The Impact of IFRS Adoption on Foreign Direct Investments: Insights for Emerging Countries

Abstract International Financial Reporting Standards (IFRS) adoption research supports the arguments of an increase in the credibility of corporate financial information. We investigate the association between IFRS adoption and foreign direct investments (FDI) inflows. The aim is to analyse several characteristics of the adoption process specific to European emerging countries. Our results indicate that the countries adopting IFRS are more likely to benefit from a higher increase in FDI inflows than the non-adopters. Additional tests reveal that the impact is driven by the adoption level related both to listed and unlisted companies. IFRS adoption by unlisted companies has a lower impact on FDI inflows, as compared to IFRS adoption by listed companies. Furthermore, difference-in-difference analysis illustrates a higher increase of FDI inflows after adopting IFRS in the case of non-European Union (EU) countries as compared to EU countries.

Reconsidering financial reporting from the perspective of corporate social and environmental responsibility. Romanian companies’ approach

Abstract Purpose This study analyses the scope of social and environmental reporting from the perspective of integrating it in financial reporting and comments on a new approach regarding the presentation of social and environmental information in the annual reports from Romanian companies’ perspective. Methodology A literature review introduces and justifies the second part of the research. The latter is organised as an exploratory study based on interviews. It presents the current state of Romanian companies’ availability for reconsidering financial reporting from the perspective of corporate social responsibility. Findings While social and environmental involvement of Romanian companies is at an early stage, there is a basis for future development of corporate reporting by addressing social and environmental aspects. We noticed that companies have the tendency of responding rather to a mandatory framework than a voluntary one. Research limitations The limitations of the research are linked to the study population. The small number of Romanian companies that publicly manifest interest for social responsibility determined the choice of a qualitative instead of a quantitative research. Social implications The exploratory study based on the case of Romania accompanies the present state of non-financial versus financial reporting in order to highlight measurable and non-measurable, but relevant, information to be considered in a future reporting framework. Originality of the chapter The study advances new lines in accounting research by confronting the national and international perspectives of social and environmental reporting. Debates and arguments on the research results add value and utility to the research.