TY - JOUR
T1 - An empirical investigation of trends in barter activity in the Russian Federation
AU - Fleischman, Gary
AU - Herz, Paul
N1 - Funding Information:
We would like to thank the University of Wyoming's International Programs and the College of Business for their financial support of this research, and the Fulbright Foundation for a grant from which this project began. We would also like to thank our colleagues at the Saratov State Socio-Economic University for their kind support and patience. We would like to acknowledge the helpful insights and guidance provided by editor A. Rashad Abdel-khalik, as well as our anonymous reviewers. We also wish to thank Penne Ainsworth, Bruce Behn, and the business faculty of Fort Lewis College for their useful suggestions.
PY - 2005
Y1 - 2005
N2 - Barter, which has dominated the Russian economic landscape for years, has significant economic and accounting implications. Barter often camouflages Russian businesses' financial and tax statements making true costs, prices, values, and profits a mystery, thereby compromising financial-statement transparency. Contemporary literature suggests that barter is still rampant in Russia. For this study a group of Russian bu sinesspersons were asked to complete a survey regarding the levels of barter in Russia since 1996. The empirical evidence we collected provides insight into recent trends in barter in Russia, including indication that the incidence of barter has dramatically decreased. These findings have significant implications for Russian business and economic development. A reduction in barter is likely to enhance financial-statement transparency, thus minimizing information risk for potential investors and creditors.
AB - Barter, which has dominated the Russian economic landscape for years, has significant economic and accounting implications. Barter often camouflages Russian businesses' financial and tax statements making true costs, prices, values, and profits a mystery, thereby compromising financial-statement transparency. Contemporary literature suggests that barter is still rampant in Russia. For this study a group of Russian bu sinesspersons were asked to complete a survey regarding the levels of barter in Russia since 1996. The empirical evidence we collected provides insight into recent trends in barter in Russia, including indication that the incidence of barter has dramatically decreased. These findings have significant implications for Russian business and economic development. A reduction in barter is likely to enhance financial-statement transparency, thus minimizing information risk for potential investors and creditors.
KW - Barter
KW - Financial transparency
KW - Russia
KW - Tax evasion
UR - http://www.scopus.com/inward/record.url?scp=17844381875&partnerID=8YFLogxK
U2 - 10.1016/j.intacc.2004.11.001
DO - 10.1016/j.intacc.2004.11.001
M3 - Article
AN - SCOPUS:17844381875
SN - 0020-7063
VL - 40
SP - 39
EP - 63
JO - International Journal of Accounting
JF - International Journal of Accounting
IS - 1
ER -