Do differences in national cultures affect cross-country conditional conservatism behavior under IFRS?

Walid Guermazi and Khamoussi Halioui

Research in International Business and Finance, 2020, vol. 52, issue C

Abstract: The purpose of this paper is to explore whether international differences in cultural dimensions of individualism and uncertainty avoidance affect how managers from different countries implement International Financial Reporting Standards (IFRS) and influence cross-country conditional conservatism behavior. We analyze the conditional conservatism behavior of publicly listed firms in 14-member countries of the European Union (EU) during the period 2006-2016. The results confirm the relationship between the individualism and uncertainty avoidance dimensions of national culture and conditional conservatism in the post-IFRS period. Particularly, conditional conservatism is higher in countries where individualism is lower and where uncertainty avoidance is higher.

Keywords: National culture; Conditional conservatism; IFRS; European Union (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:52:y:2020:i:c:s0275531918309784

DOI: 10.1016/j.ribaf.2019.101171

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