Cultural effects on accounting practices and investment decisions

Leonard, Karen Moustafa; Slaubaugh, Michael D.; Wang, Hwei Cheng

doi:10.1504/ijaf.2010.032086

Cited by 7 publications

(4 citation statements)

References 42 publications

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“…The influence of various cultural dimensions, collectively and individually, on accounting continue to attract the attention of accounting authors (e.g., Leonard et al, 2010;Al-Mannai and Hindi, 2015;Alfraih et al, 2015).…”

Section: Discussionmentioning

confidence: 99%

The role of accounting literature and professional training in enhancing common life-based characteristics held by a forensic accountant (an empirical investigation)

Yaqoob

Al-Abdullah

2017

IJAF

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This study aims, through a questionnaire, at establishing the possible role of accounting literature and professional training in enhancing common life-based characteristics held by an accounting expert called upon to run forensic activities. The characteristics used in the questionnaire are held by all human beings with various degrees. The special case about Iraq is that there are no holders of certificates in forensic accounting. Thus, the study's main task is to check whether accounting literature and professional training are capable of enhancing certain characteristics held by an Iraqi forensic accountant. The responses of three samples (accountants, auditors and academics) are analysed through various statistical techniques at various levels which allow various comparisons and inferences. The single most important conclusion is that a crucial role can be attributed to professional training in enhancing common life-based characteristics compared to a weak role that can be attributed to accounting literature.

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Section: Discussionmentioning

confidence: 99%

The role of accounting literature and professional training in enhancing common life-based characteristics held by a forensic accountant (an empirical investigation)

Yaqoob

Al-Abdullah

2017

IJAF

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“…Our study verifies that compliance with the formats continues as of 2008-dated study of Karapınar and Zaif. It would be of use to illuminate the reasons behind compliance with legal regulations. It has long been argued that accounting practices historically diverged among different states (Nobes, 2002;Bloom,1997) and that accounting was a crucial function of any national culture (Leonard et al, 2010). Traditionally Turkish accounting practices were steered by France and Germany.…”

Section: Findings and Discussionmentioning

confidence: 99%

Halka Açık Türk Şirketlerinin Finansal Tablolarının Uyum Düzeyi - Harmonization of Turkish Listed Companies Financial Statements

Karapinar¹

2016

isarder

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ÖzetAraştırmamız, Sermaye Piyasası Kurulu (SPK) tarafından yayınlanan finansal tablo formatlarına şirketlerin uyum düzeyini ölçmeyi hedeflemektedir. Çalışmamız, İstanbul Borsa'sına kote 420 şirketin 2013 ve 2014 yılı bilançoları ve gelir tabloları üzerinde yürütülmüştür. Geliştirilen formül yardımı şirketlerin finansal tablolarının formata uyum derecesi hesaplanmıştır. Araştırma sonuçlarına göre, yayınlanan formatlara uyum düzeyinin oldukça yüksek olduğu, gelir tablosuna uyum düzeyinin, bilançoya uyum düzeyinin üzerinde olduğu ortaya çıkmıştır. Diğer taraftan bireysel finansal tablolardaki uyumun konsolide tablolara göre daha yüksek olduğu belirlenmiştir. Şirketlerin, formata bağlı kalarak raporlama yaptığı görülmüştür. Bu durum, Türkiye'nin kültürel yapısını ile de uyumlu çıkmıştır.

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“…Investment decisions involve the setting of investment objectives including risk tolerance levels, gathering and analyzing information from varied sources, and selecting assets to achieve the stated objectives (Reily and Brown, 2003). Hofstede's cultural dimensions have also been used in the literature to provide the theoretical framework of analyzing culture and investment behavior in different national cultures (Khairullah and Khairullah, 2013;Leonard, Slaubaugh, and Wang, 2010). In this paper, we use Hofstede's (1980) cultural model to explore how culture influences investment decisions of sampled Ghanaians living in the United States.…”

Section: Review Of Literaturementioning

confidence: 99%

“…Notable among them are models by Hofstede (1980Hofstede ( , 1984, Schwartz (1992), and Trompenaars and Hampden-Turner (1997). Hofstede's (1980) cultural model has been widely used in the literature to analyze cross-cultural differences and their impact on financial decision making (Khairullah, and Khairullah, 2013;Leonard, Slaubaugh, and Wang, 2010;Zhao, 2014). Hofstede's (1980) described five cultural dimensions of power distance, uncertainty avoidance, individualism versus collectivism, masculinity versus femininity, and long-term versus short-term orientation.…”

Section: Modern Portfolio Theorymentioning

confidence: 99%

Influence of Culture on Investment Decisions: A Cross-Sectional Study of Ghanaian Population

Bonna

Amoah

2020

JEBS

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This study seeks to explore the influence of culture on the investment decisions of Ghanaians. It is motivated by the perception that Ghanaians show no enthusiasm for long-term investments or life insurance products. To explore this problem, we used a random sampling, quantitative cross-sectional technique to administer a set of questionnaires to a cross-section of 120 Ghanaians residing in the City of Columbus, Ohio, U.S.A. Hofstede’s five cultural dimensions were used as the theoretical framework to guide the study. The results showed that Ghanaians prefer short-duration risk-free investments to long-duration risky investments. Ghanaian investors are not aggressive in gathering and analyzing financial information before making investment decisions. Their investment decisions are influenced by others, intuition, comfort and security, and their belief systems, rather than rational analysis of information, and risk-reward relationships derived from financial models. The use of intuition and information passed on from relatives, family members and others in making investment decisions paves the way for cultural factors to influence investment decisions. We conclude that cultural values have significant influence on the investment decisions of Ghanaians. The study seeks to motivate investors to examine and broaden their cultural awareness to enable them to develop financial plans to achieve their investment goals. We recommend that to overcome negative cultural influence on investment decision making, financial education should be vigorously pursued to broaden financial literacy.

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Cultural effects on accounting practices and investment decisions

Cited by 7 publications

References 42 publications

The role of accounting literature and professional training in enhancing common life-based characteristics held by a forensic accountant (an empirical investigation)

The role of accounting literature and professional training in enhancing common life-based characteristics held by a forensic accountant (an empirical investigation)

Halka Açık Türk Şirketlerinin Finansal Tablolarının Uyum Düzeyi - Harmonization of Turkish Listed Companies Financial Statements

Influence of Culture on Investment Decisions: A Cross-Sectional Study of Ghanaian Population

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