Emin YÜREKLİ

Article | 2016 | International Journal of Contemporary Economics and Administrative Sciences6 ( 3-4 )

The global economy nowadays is characterized by the sharing of economic influences and results between the countries. The process of globalization is characterized by the fact that the companies are no longer national but multinational with working operations in many countries. The increase of the international trade, the companies’ operations in many countries, the free movement of the capital, goods and services are the lead factors for the need of consistency among the economies and companies worldwide. The differences between the countries related to different culture and attitudes, different regulations, had eventually led to t . . .he need for many types of harmonization in the global economy. On the other hand, the global market requirements for presentation of consistent financial results for the companies’ performance has increased as the process of globalization had become more intensive. The capital investors have huge requirements for financial information which need to be comparable and summarized in the financial statements. Moreover, the need for consistent presentation of financial information has contributed development of IFRS’s and other GAAP’s. This study examines the correlation between the use of IFRS’s and the corporate culture adopted by the companies. The results of this study confirmed that the cultural dimensions such as goal oriented company, externally oriented companies, those which follow easy-going working practice have adopted IFRS so far. - Keywords: Financial Reporting, IFRS, Cultural Value More less

Kamalbek KARIMŞAKOV

Article | 2019 | International Journal of Contemporary Economics and Administrative Sciences9 ( 2 )

Migrants' remittances have become an important development tool because they can raise income and reduce poverty rates in developing countries. These remittances might also promote development by providing funds that recipients can spend on education or health care or invest in entrepreneurial activities. Thus, workers' remittances are a steadily growing external source of capital for developing countries. In spite of the fact that importance of remittances in total international capital flows are increasing, the relationship between remittances and growth has not been adequately studied. The main aim of this paper is to investigate . . . the impact of remittances on economic growth for the transition countries. For the aim of the study, we test the hypothesis suggested by the Giuliano and Ruiz-Arranz (2005), which states that remittances can substitute for a lack of financial development and hence promote economic growth. We use panel data for the transition countries between the time period 2001-2012. The results of the study suggest that there is a negative significant effect of remittances on economic growth in the transition economies More less