Cultural effects on accounting practices and investment decisions

Karen Moustafa Leonard, Michael Slaubaugh and Hwei Cheng Wang

International Journal of Accounting and Finance, 2010, vol. 2, issue 2, 156-170

Abstract: Due to increasing globalisation, accounting practices and individual investment decisions are no longer constrained by national borders. However, we believe individual practices and decisions are constrained by societal culture due to its impact on the development and setting of national accounting standards, the application of those standards by local businesses to create information and investors' interpretation of information provided by local businesses. We propose a framework to examine these effects and suggest future research directions.

Keywords: societal culture; investment decisions; cross-cultural accounting; international accounting; individualism; collectivism; power distance; universalism; particularism; cultural effects; accounting practices; globalisation; national accounting standards; investors; information interpretation; local businesses; finance. (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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