Accounting conservatism in the face of economic policy uncertainty in GCC countries

• Autorzy: Alkhalaileh Ashraf Hamad Rizik , Hamid Mohamad Ali Bin Abdul , Saidin Saidatunur Fauzi Bin , Khan Faisal

Identyfikatory

DOI

10.17512/pjms.2024.29.2.02

Warianty tytułu

PL

Konserwatyzm rachunkowości w obliczu niepewności polityki gospodarczej w krajach GCC

• Języki publikacji: EN

Abstrakty

EN

Economic policy uncertainty (EPU) significantly influences decision-making in corporate and financial spheres globally. The challenging economic landscape in the Gulf Cooperation Council (GCC) countries adds complexity to financial reporting. The primary objective of this study is to investigate the impact of EPU on accounting conservatism in non-financial firms listed in the GCC. It also aims to unearth whether higher levels of EPU lead to more conservative accounting practices among these firms. Furthermore, the study explores the moderating effect of corporate governance between EPU and accounting conservatism. Hence, this study particularly focuses on the unique challenges posed by the economic landscape in GCC. Utilizing data from GCC-listed non-financial firms from 2010 to 2022, the research employs the dynamic Generalized Method of Moment (GMM) estimation for robust analysis of causal relationships in panel data. This rigorous methodology permits the inspection of both the short-term and long-term impacts of EPU on accounting conservatism while accounting for potential endogeneity and dynamic effects in the data. In addition, the study integrates measures of corporate governance to explore its moderating effect on the relationship between EPU and accounting conservatism. The findings reveal that EPU has a significant positive impact on accounting conservatism. Moreover, corporate governance significantly moderates the region's association between EPU and accounting conservatism. The research underscores the need for targeted policy approaches in the GCC region to address the impact of EPU on accounting conservatism. It advocates for legal frameworks that support cautious accounting practices, enhancing financial stability and transparency, particularly during uncertain economic periods.

PL

Niepewność polityki gospodarczej (NPG) znacząco wpływa na podejmowanie decyzji w sferze korporacyjnej i finansowej na całym świecie. Trudny krajobraz gospodarczy w krajach Rady Współpracy Zatoki Perskiej (GCC) zwiększa złożoność sprawozdawczości finansowej. Głównym celem niniejszego badania jest zbadanie wpływu NPG na konserwatyzm rachunkowości w firmach niefinansowych notowanych w GCC. Badanie ma również na celu ustalenie, czy wyższe poziomy NPG prowadzą do bardziej konserwatywnych praktyk księgowych wśród tych firm. Ponadto, badanie bada moderujący wpływ ładu korporacyjnego pomiędzy NPG a konserwatyzmem rachunkowości. W związku z tym niniejsze badanie koncentruje się w szczególności na wyjątkowych wyzwaniach związanych z krajobrazem gospodarczym w GCC. Wykorzystując dane z notowanych na giełdzie GCC firm niefinansowych z lat 2010-2022, badanie wykorzystuje dynamiczną estymację uogólnioną metodą momentów (GMM) do solidnej analizy związków przyczynowych w danych panelowych. Ta rygorystyczna metodologia pozwala na kontrolę zarówno krótko-, jak i długoterminowego wpływu NPG na konserwatyzm rachunkowości, przy jednoczesnym uwzględnieniu potencjalnej endogeniczności i efektów dynamicznych w danych. Ponadto badanie obejmuje miary ładu korporacyjnego w celu zbadania jego moderującego wpływu na związek między NPG a konserwatyzmem rachunkowości. Wyniki pokazują, że NPG ma znaczący pozytywny wpływ na konserwatyzm rachunkowości. Co więcej, ład korporacyjny znacząco moderuje związek między NPG a konserwatyzmem rachunkowości w regionie. Badania podkreślają potrzebę ukierunkowanego podejścia politycznego w regionie GCC w celu uwzględnienia wpływu NPG na konserwatyzm rachunkowości. Opowiada się za ramami prawnymi, które wspierają ostrożne praktyki księgowe, zwiększając stabilność finansową i przejrzystość, szczególnie w niepewnych okresach gospodarczych.

Słowa kluczowe

EN

Economic Policy Uncertainty (EPU); accounting conservatism; corporate governance

PL

niepewność polityki gospodarczej; konserwatyzm rachunkowości; ład korporacyjny

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2024
• Tom: Vol. 29, No. 2
• Strony: 23--47
• Opis fizyczny: Bibliogr. 49 poz., rys., tab.

Twórcy

autor

Alkhalaileh Ashraf Hamad Rizik

• Putra Business School; Malaysia

• https://orcid.org/0009-0005-2802-7461

autor

Hamid Mohamad Ali Bin Abdul

• Putra Business School, Malaysia

• https://orcid.org/0000-0009-5271-327X

autor

Saidin Saidatunur Fauzi Bin

• School of Business and Economics, Universiti Putra Malaysia

• https://orcid.org/0000-0002-6855-585X

autor

Khan Faisal

• College of Business, City University Ajman, UA

• https://orcid.org/0000-0002-3237-239

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Uwagi

Opracowanie rekordu ze środków MNiSW, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2024).