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Accounting Frameworks and Cross-Cultural Effects on Accounting disclosure Practices in Nigeria

Covenant Journal of Business and Social Sciences

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Field Value
 
Title Accounting Frameworks and Cross-Cultural Effects on Accounting disclosure Practices in Nigeria
 
Creator Emeni, Francis Kehinde
Ugbogbo, Sunday Nosakhare
 
Description This study examines the distinct dimensions of culture (power distance, collectivism and individualism) using the Hofstede framework and its effect on accounting disclosure practices in the Federal Republic of Nigeria. Using the OLS regression method of data analysis, it was observed that the collec tivism and power distance dimension of culture impacts positively on accounting disclosure practices, though only the cultural dimension of collectivism was found to be significant. The cultural dimension of individualism was found to be negatively and non-significantly associated with accounting disclosure practices. Based on this finding some recommendations were made, prominent amongst which was that, in harmonization of accounting disclosure practices/standards toward ensuring uniformity in accounting practices, there is need to consider cultural values related to collectivism and power distance; while cultural values in terms of individualism need not be given much attention when developing uniform accounting standards like the International Financial Reporting Standards (IFRS).
 
Publisher Covenant University
 
Contributor —
 
Date 2016-02-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://journals.covenantuniversity.edu.ng/index.php/cjbss/article/view/8
 
Source Covenant Journal of Business and Social Sciences; Vol. 6, No.2, Dec. 2014.
2334-5708
2006-0300
 
Language eng
 
Relation https://journals.covenantuniversity.edu.ng/index.php/cjbss/article/view/8/4
 
Rights Copyright (c) 2016 Covenant Journal of Business and Social Sciences