Relationships between national economic culture, institutions, and accounting: Implications for IFRS

Joshua K. Cieslewicz

CRITICAL PERSPECTIVES ON ACCOUNTING, 2014, vol. 25, issue 6, 511-528

Abstract: National economic culture has an indirect influence on accounting at the national level through the mediating variable of institutions. The relationships are evaluated using measures of national economic culture from Culture, Leadership, and Organizations: The GLOBE Study of 62 Societies (House et al., 2004); measures of institutions from the World Bank (Kaufmann et al., 2007); and measures of national accounting from the Financial Standards Foundation (2008). At the national level, institutions are found to mediate the relationship between economic culture variables and accounting. The empirical findings indicate that accounting in a given nation is linked to the nation's supporting institutions, which institutions in turn are influenced by the national economic culture of those who maintain them. This suggests that altering aspects of accounting within a nation can be expected to entail much more than formal adoption of standards, principles, or innovations. Institutional adjustments must be made and the impact of national economic culture must be understood and appropriately addressed.

Keywords: Critical; Social; Culture; IFRS; Institutions; Critique; Social; 批判性; 社会的; Crítica; Social (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:crpeac:v:25:y:2014:i:6:p:511-528

DOI: 10.1016/j.cpa.2013.03.006

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