DOI: 10.17077/etd.kfyby9h8
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Do differences in national cultures affect cross-country financial statement comparability under IFRS?

Abstract: I examine whether managers in different countries apply the same accounting standards dissimilarly when they come from different cultural backgrounds. I look at the cultural dimensions of trust towards others, materialism, and risk aversion because previous studies find that these characteristics affect reporting outcomes within the US. Evidence from various academic disciplines suggest that cultural beliefs and values affect individuals' estimates and judgments and their consequent decisions, including econom… Show more

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Cited by 3 publications
(4 citation statements)
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References 70 publications
(131 reference statements)
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“…(1) investigating the impact of cultural factors on financial statements under IFRS is significant since the huge empirical evidence from prior studies that focussed on other fields documented that the cultural difference over countries affected individual and firms' decisions (Chung, 2017;Zingales, 2015;Xu, 2014); and (2) exploring more immeasurable variables that could affect IFRS adoption, as most of the prior literature focussed on measurable variables.…”
Section: Ifrs Adoption In Saudi Arabia Listed Firmsmentioning
confidence: 99%
See 1 more Smart Citation
“…(1) investigating the impact of cultural factors on financial statements under IFRS is significant since the huge empirical evidence from prior studies that focussed on other fields documented that the cultural difference over countries affected individual and firms' decisions (Chung, 2017;Zingales, 2015;Xu, 2014); and (2) exploring more immeasurable variables that could affect IFRS adoption, as most of the prior literature focussed on measurable variables.…”
Section: Ifrs Adoption In Saudi Arabia Listed Firmsmentioning
confidence: 99%
“…Based on the aforementioned discussion that related to the cultural factors, there are several studies focussed on accounting, since they believed that cultural factors have a serious impact on countries’ economics and firm performance. Culture could be a particularly important issue to accounting researchers according to two aims: investigating the impact of cultural factors on financial statements under IFRS is significant since the huge empirical evidence from prior studies that focussed on other fields documented that the cultural difference over countries affected individual and firms’ decisions (Chung, 2017; Zingales, 2015; Xu, 2014); and exploring more immeasurable variables that could affect IFRS adoption, as most of the prior literature focussed on measurable variables. …”
Section: Literature Review and Hypotheses Developmentmentioning
confidence: 99%
“…Extant literature is replete with positive findings on intra-national diversity management and financial reporting quality (Hoang et al, 2015;Labelle et al, 2010) The relationship between cross-national diversity management and financial reporting quality is mixed. While some are positive and significant (Chung, 2017;Hashim, 2012;Lainez & Callao, 2000), there also exists a report of negative relationships (Alfiero et al, 2018).…”
Section: Diversity Management and Financial Reporting Qualitymentioning
confidence: 99%
“…This differences made comparability of accounting information difficult which hindered the flow of capital across borders (Olaoye&Aguguom, 2017). Despite the efforts to adopt a common set of accounting standard, the problem of comparability of financial reports still persists (Chung, 2017;Mbobo&Ekpo, 2016). This therefore can impede the flow of cross border investments and limit the economic activities or growth of firms.…”
mentioning
confidence: 99%