Influence of national culture on accounting conservatism and risk-taking in the banking industry.

• Autores: Kiridaran Kanagaretnam, Chee Yeow Lim, Gerald J. Lobo
• Localización: Accounting review: A quarterly journal of the American Accounting Association, ISSN 0001-4826, Vol. 89, Nº 3, 2014, págs. 1115-1149
• Idioma: inglés
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• Dialnet Métricas: 3 Citas
• Resumen

  • Using an international sample of banks and country-level indices for individualism and uncertainty avoidance as proxies for national culture, we study how differences in culture across countries affect accounting conservatism and bank risk-taking. Consistent with expectations, our cross-country analysis indicates that individualism is negatively (positively) related to conservatism (risk-taking) and uncertainty avoidance is positively (negatively) related to conservatism (risk-taking). We also find that cultures that encourage higher risk-taking experienced more bank failures and bank troubles during the recent financial crisis.