Organizational Culture, Corporate Governance and Accounting Outcomes

Abstract

Corporate governance (CG) disclosures are seen as the essence of the organizations´ nonfinancial reporting. The consequences of governance reporting are based on internal and external interconnected factors, so quantitative studies fail to capture the whole picture. As an example, poor performance can be both the result and the cause of underlying governance mechanisms. The present work aims to analyse the governance reporting rules versus principles by carrying out an empirical research of governance reporting through the Romanian financial investment companies listed on the BSE (Bucharest Stock Exchange). The results show the relevance of organizational culture in promoting governance and positive attitude at all organizational levels.

Keywords

• corporate governance
• accounting informational system
• organizational culture
• accounting outcomes
• corporate governance disclosure