Articles on Issue Theme
Vasile IUGA
PricewaterhouseCoopers Romania
The present essay outlines the defining features of the capitalist system, the evolution of the Western political models during history and the way these have reflected in the business and financial reporting models. The differences between the Anglo-Saxon business model and the continental model are detailed, the advantages and disadvantages of both models being biefly assessed. The article presents the realities that lead to the foundation of financial regulation institutions as well as the founding principles of international financial reporting, in close connection to the cycles of the world economy. My statement is that the solution for overcoming the crisis is more capitalism, not less.
Keywords: capitalism, culture, business models, economic crisis, regulatory systems, financial reporting
JEL: K20, M40
Financial Reporting, between Common Sense and Legal Standards [Raportarea financiară, între bun simţ şi normare juridică]
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Archive
Octavian-Dragomir JORA
Academia de Studii Economice din Bucureşti
Mara Andreea TUDOR
University of Chicago
Cătălin MURARAŞU
Academia de Studii Economice din Bucureşti
Ramona Iulia DIEACONESCU
Academia de Studii Economice din Bucureşti
Maria GHEORGHE (NIŢU)
Academia de Studii Economice din Bucureşti
Sorin-Nicolae CURCĂ
Academia Română
Revista ŒCONOMICA
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