An empirical assessment of Gray's accounting value constructs

Chanchani, Shalin

doi:10.1016/s0020-7063(04)00005-6

Cited by 10 publications

(15 citation statements)

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“…The wide recognition and use of Hofstede's cultural dimension in the prevailing literature, especially the accounting and management field, has led to the use of Hofstede's work as a main reference in this study. Furthermore, since Gray () proposed the sub‐cultural dimensions, the number of studies utilizing the Hofstede–Gray framework (Perera, ; Doupnik and Salter, ; Baydoun and Willett, ; Sudarwan and Fogarty, ; Zarzeski, ; Jaggi and Low, ; Haniffa and Cooke, ; Archambault and Archambault, ; Chanchani and Willett, ; Santema et al ., ; Mir et al ., ) continues to grow at a rate that justifies its relevancy as the theoretical underpinnings of this study. Following this, an overview of Hofstede's and Gray's work is presented below.…”

Section: A Review Of Literaturementioning

confidence: 99%

“…Hofstede (, ) argues that a lack of consensus in accounting practices is due to cultural rather than technical factors. To a certain degree, accounting structure is shaped by cultural influences (see Hamid et al ., ; Haniffa and Cooke, ; Chanchani and Willett, ), and that culture is an influencing factor for the development of accounting standards (Gray, ; Perera, ; Doupnik and Salter, ). Accounting literature also confirms the significant influence of culture on practices of corporate financial disclosure (see, e.g., Salter and Niswander, ; Sudarwan and Fogarty, ; Zarzeski, ; Roberts and Salter, ; Jaggi and Low, ; Archambault and Archambault, ; Hope, ).…”

Section: A Review Of Literaturementioning

confidence: 99%

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Culture and Accountants' Perceptions of Environmental Reporting Practice

2013

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This paper seeks to investigate and interpret the possible link between culture and the perceptions of accountants on corporate environmental reporting practices (ENRPs) on a two‐country basis, i.e. between Malaysia and Australia. Using Hofstede's (1980) and Gray's (1988) cultural value framework, the paper employs a qualitative approach through interviews conducted with corporate accountants in publicly listed companies in Malaysia and Australia. It is revealed that ENRPs in both countries are influenced by cultural values, in particular collectivism, high uncertainty avoidance, uniformity, conservatism and secrecy. Despite the fact that types of cultural and sub‐cultural dimension pertaining to reporting practice in Malaysia and Australia are similar, mixed findings are found when compared with national cultural values (Hofstede, 1980) and sub‐cultural values (Gray, 1988). The consistencies of cultural dimensions found in ENRP in these two countries and the orientation of the practice across nations indicate a promising move towards standardization and harmonization of successful implementation of environmental accounting and reporting. Copyright © 2013 John Wiley & Sons, Ltd and ERP Environment

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Section: A Review Of Literaturementioning

confidence: 99%

Section: A Review Of Literaturementioning

confidence: 99%

Culture and Accountants' Perceptions of Environmental Reporting Practice

2013

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“…There are four categories of cultural dimensions has been tested and considered in this survey, which are: power distance, uncertainty avoidance, individualism and masculinity. Hofstede believed these four categories are useful and clean on the understanding of different culture dimensions and they are not only correlated with one signal, but with other available data as well [8]. The specific differences of participants as sex, job, believes and religions and education level has been concluded in the 116,000 questioners of the survey.…”

Section: ) Overview Of Hofstede's Culture Researchmentioning

confidence: 96%

The Influence of Culture on Accounting Practice

Tie¹,

Zhao²

2016

Proceedings of the 2016 International Symposium on Business Cooperation and Development

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The international accounting harmonization is an evolutionary process for a wider reorganization of same accounting standards between different countries. However, Stolowy (2005) has examined the pervasiveness of earning management did not refuse after the adoption of IFRS. The recent research has been focused on whether the standards improved the accounting quality or not. Sarens (2009) extended the literature on the impact of culture on accounting profession to explain the reason why the different countries shows different accounting results after adoption of IFRS. Based on the consideration of international accounting harmonization in the future, this study will critically review the priority study to examine the correlation of Gray's model (1988) with Hofsted's (1980, 1991,2001) cultural classification to analysis the cultural influence on accounting practice.

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“…Other studies extend the culture-disclosure research to institutional factors including national systems (political and legal systems, press), economic systems (economic development, inflation and capital markets), corporate systems (financial systems, ownership, exchanges listings, dividends, auditor and leverage) and operation systems (firm size, number of industries and foreign sales). Empirical evidences not only further strength the relationship between culture and disclosure practice of a nation, but also demonstrate that culture and other environmental factors which also influence the level of corporate disclosure are interactive with each other (Perera, 1989;Salter, 1993, 1995;Verma and Gray, 1997;Jaggi and Low, 2000;Hope, 2003;Archambault and Archambault, 2003;Chanchani and Willett, 2004).…”

Section: Culture and Corporate Disclosurementioning

confidence: 96%

“…Hofstede's cultural framework has been employed to guide the formation of several accounting and reporting theories, which significantly enrich the explanations about the different accounting practices and reporting systems among different countries (Gray, 1988;Perera, 1989;Gray and Vint, 1995;Zarsekei, 1996;Chanchani and Willett, 2004). Gray (1988) suggests that if Hofstede's cultural dimensions exist, then a link between societal values and accounting system can be established and the influence of culture can be assessed.…”

Section: Culture and Corporate Disclosurementioning

confidence: 99%

Cultural impact on Chinese corporate disclosure – a corporate governance perspective

Leung

2006

Managerial Auditing Journal

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If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -The purpose of this preliminary study is to explore the impact of changed cultural environment on the voluntary disclosure behaviour of Chinese listed companies. Design/methodology/approach -A theoretical framework of the relationship between corporate disclosure and governance forms the basis of the research. A composite checklist of corporate disclosure was developed using relevant corporate governance indices and analyses were carried out on the 2003 financial reports of 120 Chinese listed companies. Six areas of voluntary disclosure of the sample companies were analysed and reported. These areas are: board structure and functioning, employees related issues, director remuneration, audit committee, related party transactions and stakeholder interest. Findings -The results suggest that as China's cultural and social norms change, there was willingness of Chinese listed companies to provide voluntary information in addition to the disclosure requirements. Information relating to stakeholder interest and employees issues are found more frequently disclosed by listed companies than those which were regarded as sensitive. This is an exploratory study which shows that further research may provide more concrete evidence of the changing corporate disclosure environment in China. Research limitations/implications -This study based on one year's results and as such has limitation in the interpretation of the results. Further research is necessary to demonstrate the impact of culture in corporate disclosure. Practical implications -The results have practical implications for professional accountants and auditors to understand further the trend of voluntary disclosure in China. The paper provides some evidence of the changing scene of Chinese corporate governance practice. Originality/value -This study fulfils a gap in prior research by examining the effect of cultural implications in corporate governance, in an emerging economy. The composite voluntary disclosure checklist will serve a good basis of measurement in corporate disclosure.

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An empirical assessment of Gray's accounting value constructs

Cited by 10 publications

References 0 publications

Culture and Accountants' Perceptions of Environmental Reporting Practice

Culture and Accountants' Perceptions of Environmental Reporting Practice

The Influence of Culture on Accounting Practice

Cultural impact on Chinese corporate disclosure – a corporate governance perspective

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