Corruption, Capital Abundance and Economic Development: Evidence From the European Union Countries

Bilas, Vlatka; Bošnjak, Mile; Franc, Sanja

doi:10.7251/emc1502211b

EMC Review

2016

DOI: 10.7251/emc1502211b

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Corruption, Capital Abundance and Economic Development: Evidence From the European Union Countries

Vlatka Bilas

Mile Bošnjak²,

Sanja Franc

Abstract: Th e aim of this paper is to establish and clarify the relationship between corruption

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2020

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“…This study not only refers to the accounting and corruption literature but also refers to the literature of corruption and economic growth (eg, Mo [36], Kuncoro [37], Nawatmi [38], Moustafa [39]). Some literature shows that corruption in a country will reduce the level of economic growth e.g., Hariyani, Priyarsono, and Asmara [40], Junaidi and Patra [41], Rinse, Bošnjak, and Franc [42], an impact that endangers people's lives, due to corruption poverty levels will be high [43,44].…”

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confidence: 99%

Corruption, Accounting Practice and Economic Growth: Evidence of ASEAN Countries

Akbar¹,

Rozak²,

Prawiranegara³

et al. 2020

Proceedings of the 3rd Asia Pacific Management Research Conference (APMRC 2019)

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This study analyzes the impact of corruption on economic growth by including the role of accounting practices. Corruption has a negative influence on economic growth in countries with poor quality accounting practices than in countries with high-quality accounting practices. The new contribution of this study concerns the relationship between the literature between corruption and separate accounting practices regarding economic growth. To our knowledge, this is a study of the first ASEAN countries documenting the impact of corruption on economic growth that depends on the quality of accounting practices in a country. We use cross-section data for 2018 for 11 ASEAN countries. Data on economic growth is taken from the World Bank, while corruption is represented by the Transparency International (TI) Corruption Perception Index (CPI). Meanwhile accounting practices are represented by the strength of auditing standards and financial reporting from the World Economic Forum (WEF), as well as the adoption of the International Public Sector Accounting Standards (IPSAS) in a country from the International Federation of Accountants (IFAC). We apply the Moderated Regression Analysis (MRA) approach for estimating results. The results of studies show that corruption inhibits economic growth. In addition, the strength of auditing standards and financial reporting weakens the relationship between corruption and economic growth. Other results show that the adoption of IPSAS does not weaken the relationship of corruption with economic growth in ASEAN countries. The findings of this study prove that high-quality accounting practices in a country can weaken corruption which can hamper economic growth. Conversely, corruption will easily grow in countries with weak quality accounting practices whose impact will hamper economic growth.

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mentioning

confidence: 99%

Corruption, Accounting Practice and Economic Growth: Evidence of ASEAN Countries

Akbar¹,

Rozak²,

Prawiranegara³

et al. 2020

Proceedings of the 3rd Asia Pacific Management Research Conference (APMRC 2019)

View full text Add to dashboard Cite

show abstract

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Corruption, Capital Abundance and Economic Development: Evidence From the European Union Countries

Abstract: Th e aim of this paper is to establish and clarify the relationship between corruption

Cited by 1 publication

References 26 publications

Corruption, Accounting Practice and Economic Growth: Evidence of ASEAN Countries

Corruption, Accounting Practice and Economic Growth: Evidence of ASEAN Countries

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