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Influence of National Culture on IFRS Practice

An Empirical Study in France, Germany and the United Kingdom


Christian Reisloh

The adoption of IFRS for group accounts of capital market oriented EU companies in 2005 was a milestone in European and international accounting harmonization. The benefits of a harmonized EU capital market, however, might be jeopardized by the inconsistent application of IFRS due to remaining national peculiarities. This study investigates IFRS measurement and disclosure practices in the leading EU economies of France, Germany and the UK. The empirical results show that differences in IFRS application are associated with national cultural differences. The findings of the study lead to several implications for IFRS accounting research and practice.


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Index of symbols XXXI


XXXI Index of symbols β Regression coefficient DW Durbin-Watson coefficient € Euro * Significance level ε Error term F F-value of the F-Test i Item in the company index j Item in the industry index k Item in the country index l Item in the control variable index m Item in the disclosure index n Absolute value N Number of analyzed companies p Significance level r Spearman correlation coefficient R2 Regression coefficient of determination ∑ Sum t t-value of the T-Test

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