[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/eur/ejesjr/220.html
   My bibliography  Save this article

The Impact of Accounting Reforms in Financial Reporting- Case of Albania

Author

Listed:
  • Mirela Ujkani Miti

    (Lecturer on Accounting Department, Faculty of Economics University of Tirana Albania)

  • Sotiraq Dhamo
Abstract
In the line with Albania's membership in the European Union, as in many other countries, we have been implementing reforms in the accounting field, which have had an impact on financial reporting. These reforms have also affected the accounting profession. The establishment of a full set of National Accounting Standards (NAS) in accordance with IFRS was the main basis of these reforms. Through our study, following a review of the literature and focusing on the National Accounting Council's objective in updating national accounting standards in the context of harmonization with European Parliament Directive 2013/34 / EU (hereafter referred to as the "Directive"), we will highlight if this harmonization in itself is essential and effective for the economic unit, or it is simply an update. Based on the analysis of the primary data through the fuzzy logic analysis method, the effect of the accounting reform in the financial reporting will be studied by observing the relationship that may exist between these two indicators, as well as measuring the convergence level and making the difference between the adjusted NAS and the previous set of them.

Suggested Citation

  • Mirela Ujkani Miti & Sotiraq Dhamo, 2018. "The Impact of Accounting Reforms in Financial Reporting- Case of Albania," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 4, ejes_v4_i.
    • Handle: RePEc:eur:ejesjr:220
    DOI: 10.26417/ejes.v4i2.p52-66
    as

    Download full text from publisher

    File URL: https://brucol.be/index.php/ejes/article/view/5447
    Download Restriction: no
    File URL: https://brucol.be/files/articles/ejes_v4_i2_18/Miti.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.26417/ejes.v4i2.p52-66?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Stijn Claessens & Daniela Kingebiel & Sergio L. Schmukler, 2002. "Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres," WIDER Working Paper Series DP2002-94, World Institute for Development Economic Research (UNU-WIDER).
    2. Maarten Bosker & Steven Brakman & Harry Garretsen & Marc Schramm, 2007. "Adding Geography to the New Economic Geography," CESifo Working Paper Series 2038, CESifo.
    3. Bas Karreman & Bert van der Knaap, 2009. "The Financial Centres of Shanghai and Hong Kong: Competition or Complementarity?," Environment and Planning A, , vol. 41(3), pages 563-580, March.
    4. Alberto Zazzaro & Michele Fratianni & Pietro Alessandrini (ed.), 2009. "The Changing Geography of Banking and Finance," Springer Books, Springer, edition 1, number 978-0-387-98078-2, December.
    5. Krugman, Paul, 1998. "What's New about the New Economic Geography?," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 14(2), pages 7-17, Summer.
    6. Klaus Schaeck, 2009. "Bank Market Structure, Competition, and Stability: Issues and Concepts," Springer Books, in: Alberto Zazzaro & Michele Fratianni & Pietro Alessandrini (ed.), The Changing Geography of Banking and Finance, edition 1, chapter 0, pages 133-153, Springer.
    7. Demirguc-Kunt, Asli & Levine, Ross, 1999. "Bank-based and market-based financial systems - cross-country comparisons," Policy Research Working Paper Series 2143, The World Bank.
    8. Marco Crocco & Anderson Cavalcante & Cláudio Barra, 2005. "The behavior of liquidity preference of banks and public and regional development: the case of Brazil," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 28(2), pages 217-240.
    9. Gianmarco I P Ottaviano & Jacques-François Thisse, 2005. "New Economic Geography: What about the N?," Environment and Planning A, , vol. 37(10), pages 1707-1725, October.
    10. Paul Krugman, 2011. "The New Economic Geography, Now Middle-aged," Regional Studies, Taylor & Francis Journals, vol. 45(1), pages 1-7.
    11. Cihak, Martin & Demirguc-Kunt, Asli & Feyen, Erik & Levine, Ross, 2012. "Benchmarking financial systems around the world," Policy Research Working Paper Series 6175, The World Bank.
    12. Pietro Alessandrini & Michele Fratianni & Alberto Zazzaro, 2009. "The Changing Geography of Banking and Finance: The Main Issues," Springer Books, in: Alberto Zazzaro & Michele Fratianni & Pietro Alessandrini (ed.), The Changing Geography of Banking and Finance, edition 1, chapter 0, pages 1-11, Springer.
    13. Allen, Franklin & Gale, Douglas, 2004. "Competition and Financial Stability," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(3), pages 453-480, June.
    14. Christian Kruse, 2003. "When form follows function ? Financial centres as starting points for researching the interrelationship of financial intermediaries and the management of firms," ERSA conference papers ersa03p486, European Regional Science Association.
    15. Michael H. Grote, 2009. "Financial Centers Between Centralization and Virtualization," Springer Books, in: Alberto Zazzaro & Michele Fratianni & Pietro Alessandrini (ed.), The Changing Geography of Banking and Finance, edition 1, chapter 13, pages 277-294, Springer.
    16. Ron Martin & Peter Sunley, 2006. "Path dependence and regional economic evolution," Journal of Economic Geography, Oxford University Press, vol. 6(4), pages 395-437, August.
    17. Britta Klagge & Ron Martin, 2005. "Decentralized versus centralized financial systems: is there a case for local capital markets?," Journal of Economic Geography, Oxford University Press, vol. 5(4), pages 387-421, August.
    18. Julian Donaubauer & Birgit E. Meyer & Peter Nunnenkamp, 2016. "A New Global Index of Infrastructure: Construction, Rankings and Applications," The World Economy, Wiley Blackwell, vol. 39(2), pages 236-259, February.
    19. Fratianni, Michele & Spinelli, Franco, 2006. "Italian city-states and financial evolution," European Review of Economic History, Cambridge University Press, vol. 10(3), pages 257-278, December.
    20. Thakor, Anjan V., 1996. "The design of financial systems: An overview," Journal of Banking & Finance, Elsevier, vol. 20(5), pages 917-948, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pietro Alessandrini & Andrea Filippo Presbitero & Alberto Zazzaro, 2008. "Global Banking and Local Markets," Mo.Fi.R. Working Papers 4, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    2. Flögel, Franz & Gärtner, Stefan, 2018. "The banking systems of Germany, the UK and Spain form a spatial perspective: The German case," IAT Discussion Papers 18/04, Institut Arbeit und Technik (IAT), Westfälische Hochschule, University of Applied Sciences.
    3. Flögel, Franz & Gärtner, Stefan, 2018. "Bankensysteme aus raumwirtschaftlicher Perspektive," Working Paper Forschungsförderung 099, Hans-Böckler-Stiftung, Düsseldorf.
    4. Chu, Kam Hon, 2015. "Bank consolidation and stability: The Canadian experience, 1867–1935," Journal of Financial Stability, Elsevier, vol. 21(C), pages 46-60.
    5. Massimiliano Affinito, 2011. "Convergence clubs, the euro-area rank and the relationship between banking and real convergence," Temi di discussione (Economic working papers) 809, Bank of Italy, Economic Research and International Relations Area.
    6. Klagge Britta & Zademach Hans-Martin, 2018. "International capital flows, stock markets, and uneven development: the case of Sub-Saharan Africa and the Sustainable Stock Exchanges Initiative (SSEI)," ZFW – Advances in Economic Geography, De Gruyter, vol. 62(2), pages 92-107, May.
    7. Seipp, Vanessa & Michel, Alex & Siegfried, Patrick, 2020. "Review of International Supply Chain Risk Within Banking Regulations in Asia, US and EU Including Proposals to Improve Cost Efficiency by Meeting Regulatory Compliance," MPRA Paper 111579, University Library of Munich, Germany, revised 23 Aug 2020.
    8. Ioannou, Stefanos & Wójcik, Dariusz & Pažitka, Vladimír, 2021. "Financial centre bias in sub-sovereign credit ratings," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 70(C).
    9. Bellucci, Andrea & Borisov, Alexander & Zazzaro, Alberto, 2013. "Do banks price discriminate spatially? Evidence from small business lending in local credit markets," Journal of Banking & Finance, Elsevier, vol. 37(11), pages 4183-4197.
    10. Shikha Singh & Mandira Sarma, 2020. "Financial Structure and Stability: An Empirical Exploration," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 9(special i), pages 9-32.
    11. Amparo Nagore & Joaquín Maudos Villarroya, 2005. "Explaining Market Power Differences In Banking: A Cross-Country Study," Working Papers. Serie EC 2005-10, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    12. Seyed Peyman Asadi & Ahmad Jafari Samimi, 2019. "Lagging-behind Areas as a Challenge to the Regional Development Strategy: What Insights can New and Evolutionary Economic Geography Offer?," Papers in Evolutionary Economic Geography (PEEG) 1923, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2019.
    13. AMENDOLA, Adalgiso & BARRA, Cristian & BOCCIA, Marinella & PAPACCIO, Anna, 2018. "Market Structure and Financial Stability: Theory and Evidence," CELPE Discussion Papers 156, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
    14. Faia, Ester & Laffitte, Sébastien & Mayer, Maximilian & Ottaviano, Gianmarco, 2021. "Global banking: Endogenous competition and risk taking," European Economic Review, Elsevier, vol. 133(C).
    15. Andrea Bellucci & Alexander Borisov & Germana Giombini & Alberto Zazzaro, 2015. "Collateral and Local Lending: Testing the Lender-Based Theory," IAW Discussion Papers 119, Institut für Angewandte Wirtschaftsforschung (IAW).
    16. Allen N. Berger & Christa H. S. Bouwman & Lars Norden & Raluca A. Roman & Gregory F. Udell & Teng Wang, 2024. "Piercing through Opacity: Relationships and Credit Card Lending to Consumers and Small Businesses during Normal Times and the COVID-19 Crisis," Journal of Political Economy, University of Chicago Press, vol. 132(2), pages 484-551.
    17. Flögel, Franz, 2016. "Distance and Modern Banks' Lending to SMEs: Decentralised versus Centralised Banking in Germany," IAT Discussion Papers 16/01, Institut Arbeit und Technik (IAT), Westfälische Hochschule, University of Applied Sciences.
    18. Victor Aguirregabiria & Robert Clark & Hui Wang, 2016. "Diversification of geographic risk in retail bank networks: evidence from bank expansion after the Riegle-Neal Act," RAND Journal of Economics, RAND Corporation, vol. 47(3), pages 529-572, August.
    19. Caiazza, Stefano & Pozzolo, Alberto Franco, 2014. "The determinants of abandoned M&As in the banking sector," Economics & Statistics Discussion Papers esdp14074, University of Molise, Department of Economics.
    20. Dirk-Jan Koch & Ruerd Ruben, 2008. "Spatial Clustering Of NGOs: An Evolutionary Economic Geography Approach," Papers in Evolutionary Economic Geography (PEEG) 0814, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Aug 2008.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eur:ejesjr:220. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Revistia Research and Publishing (email available below). General contact details of provider: https://revistia.com/index.php/ejes .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.