The investigation of the impact of the cultural values on conservatism in financial reporting in listed companies of Tehran Stock Exchange

Subject Areas : Journal of Cultural Management

دکتر هاشم نیکومرام ¹ , سعید جبارزاده کنگرلوئی ² , سعید خدایار یگانه ³

1 - ندارد
2 - مسئول مکاتبات)
3 - ندارد

Received: 2014-09-14 Accepted : 2014-09-14 Published : 2009-12-22

Keywords: conservatism in financial repo, cultural values, power distance, uncertainty&#x0D, &#x0D, avoidance, Individualism, masculinity,

Abstract :

With respect to major differences of religion, belief and cultural values indifferent societies, the expected result of advances in various fields including scienceand information technology, different cultures must move towards the integration ofcultural. In this regard, financial issues are very important with the creation offinancial Multinational companies working in the different communities with differentcultures. The other hand, the value accounting can be a subset of social and culturalvalues that its characteristics will be visible in the financial reporting and accountingstandards. Therefore, researchers in accounting have done more research using theGray's model for the measurement of the impact of culture on accounting values. thisresearch have done for the response to this question that, do Hofstede's cultural valuescan affect on conservatism in financial or not. In order to test research hypotheses,were selected sample from among 107 member companies listed in Tehran StockExchange between 1380 and 1386. Subsequent, Conservatism in financial reporting ismeasured through Guly and Hine model (2007) and information of variables related toculture was collected through the standard questionnaire Hofstede (1991). Finally,correlation between research variables was examined through multivariate regression,Durbin - Watson and Pearson correlation model. hypothesis test results, although issimilar to previous research conducted in Iran from the point of correlation betweenvariables, but ultimately very weak correlation between culture variables andconservatism in financial reporting resulting to rejection of research hypothesis andrejection of significant relationship between cultural values and conservatism infinancial reporting.