Abstract
This study investigates the relationship between Islamic cultural values and corporate social accountability among Muslim accountants in Malaysia. Two independent variables are proposed namely collectivism and power distance. Multivariate analysis was employed to examine the relationship between the variables in the framework and 124 respondents participated in this study. It is found that there is no relationship between collectivism and corporate social accountability. On the other hand, there is a significant positive relationship between power distance and corporate social accountability. In conclusion this study recommends that the understanding on zakat and equality should be given utmost priority in order to increase the level of social accountability among Muslim accountants in Malaysia. Such learning activities should be given continuous professional development (CPD) point by the Malaysian Institute of Accountants (MIA) as a motivation.
Highlights
Hofstede (1980) defines culture as the collective programming of the mind which distinguishes the members of one group from another
Through the testing of the relationship between Islamic cultural values and the corporate social accountability, it is found that the element of power distance is significantly related to corporate social accountability
This study examined the relationship between Islamic cultural values and corporate social accountability from the perspective of Malaysian Muslim accountants
Summary
Hofstede (1980) defines culture as the collective programming of the mind which distinguishes the members of one group from another It is often cited as a significant environmental factor that would possibly affect the accounting system and practices as well as the perception and use of accounting information by individuals (Palau, 2001). Religion has been identified as one of the elements that influences cultural environment and in turn accounting practices (Briston, 1978; Baydoun & Willett, 1995). This is because religion affects the way in which people behave and affects cultural values (Hamid et al, 1993).
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