Comparative study examines cultural values affecting financial disclosures in firms from three countries, suggesting significant influence.
Key Points
Cultural values significantly affect financial disclosures even with IFRS compliance, highlighting interesting findings in a global context.
The analysis used consolidated financial statements from 2021 to 2023 across the UK, Germany, and Poland, focusing on diverse cultural backgrounds.
Empirical research reveals that CEE countries are often overlooked in comparative studies, indicating a research gap in financial reporting practices.
This research emphasizes the importance of understanding cultural influences on financial disclosures, potentially impacting global accounting standards.