Abstract
The existence of distinct valuation and disclosure practices in different countries acts as an obstacle to the comparison of financial information at the international level. Considering that different social, economic and environmental factors influence accounting practices, this paper examines the influence of culture on accounting practices of 150 firms located in 15 EU member states. Using a cluster analysis of the valuation and disclosure practices applied in the sample firms, we compare similarities and differences in EU firms' accounting practices. We find similarities in the sample firms in countries that have closer cultural environments, with cultural factors representing one of the main obstacles in the path of the European Union's accounting harmonisation process.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Accounting, Auditing and Performance Evaluation
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
