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The impact of culture on accounting: does Gray's model apply to Iran?

Author

Listed:
  • Iraj Noravesh
  • Zahra Dianati Dilami
  • Mohammad S. Bazaz

Abstract

Purpose - The purpose of this paper is to examine the relationships between cultural values (as defined by Hofstede) and accounting values (as described by Gray) in Iran. Design/methodology/approach - The appropriate data for a period of ten years (1993‐2002) were compiled from economical magazines, theIran Statistical Yearbook, financial statements, and auditors’ reports of the firms listed in Tehran Stock Exchange. LISREL was used to analyze the data. Findings - The results of this research show the relationships among cultural and accounting values in Iran and found support for more than one‐half of Gray's hypotheses. Numerous issues, such as the abnormal evolution of accounting in Iran, the impact of unstable economics, inappropriate use of accounting methods and procedures which are common among developing countries, the impact of governmental ownership, and the lack of well developed capital market tradition may be some determining factors as to why several of Gray's hypotheses were not supported through this research. Originality/value - This paper analyzes the effect of Iran's cultural changes on accounting practice and encourages research that examines all dimensions of accounting in Iran and other developing countries.

Suggested Citation

  • Iraj Noravesh & Zahra Dianati Dilami & Mohammad S. Bazaz, 2007. "The impact of culture on accounting: does Gray's model apply to Iran?," Review of Accounting and Finance, Emerald Group Publishing Limited, vol. 6(3), pages 254-272, August.
    • Handle: RePEc:eme:rafpps:v:6:y:2007:i:3:p:254-272
    DOI: 10.1108/14757700710778009
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    Citations

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    Cited by:

    1. Rabeb RIAHI, 2017. "Pratique de gestion des résultats et culture nationale. Quel lien ?," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 8(2), December.
    2. Rabeb RIAHI, 2017. "Pratique de gestion des résultats et culture nationale. Quel lien ?," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 8(2), December.
    3. R.M. Ammar ZAHID & Alina ȚARAN & F.N. Can SIMGA-MUGAN, 2018. "Cultural values and financial reporting practices: contemporary tendencies in Eastern European countries," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 9, pages 89-109, December.
    4. Katarzyna Koleœnik, 2014. "The Role Of Culture In Accounting In The Light Of Hofstede’S, Gray’S And Schwartz’S Cultural Dimensions Theories – A Literature Review," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 9(3), pages 33-41, January.
    5. Heidhues, Eva & Patel, Chris, 2011. "A critique of Gray's framework on accounting values using Germany as a case study," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 22(3), pages 273-287.
    6. Wijayana, Singgih & Gray, Sidney J., 2018. "Capital market consequences of cultural influences on earnings: The case of cross-listed firms in the U.S. stock market," International Review of Financial Analysis, Elsevier, vol. 57(C), pages 134-147.

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