AN ATTEMPT AT MEASURING THE FISCAL INFLUENCE OVER
          ACCOUNTING OF ROMANIAN LISTED COMPANIES

               Dan Dacian Cuzdriorean, „Babes-Bolyai” University of Cluj-Napoca
                  Szilveszter Fekete, „Babes-Bolyai” University of Cluj-Napoca
                    Lucia Sucală, „Babes-Bolyai” University of Cluj-Napoca


ABSTRACT: This paper we seek to measure the fiscal influence over accounting on a de facto level,
empirical analysis is being performed on companies listed on the Bucharest Stock Exchange (BSE)
and RASDAQ market, on a sample of 210 companies. Our observation was conducted in the year
2008, the variables taken in the analysis being sales as proxy for ‘accounting’ and income tax as
measure for tax effects. The model we use is defined in a dynamic fashion (marginal values) since
we believe these variables reflect the best the “true” variations of accounting and tax numbers.
The statistical results obtained show that there is a statistically significant influence of taxation
over accounting of 4%; we are not able, however, to say if this amount is “large” or “small”, in
since we have no benchmark value yet. This is also the first empirical tax research paper in
accounting on Romanian data.

Key words: accounting, taxation, income tax, listed companies, Romania

JEL codes: H20; H25; M40; M41