An International Investigation of the Association between Societal Variables and Amount of Disclosure on Information Technology Problems: The Case of Y2K
This study examines the association between five societal variables--political and civil system, cultural values, type of legal system, level of economic development, and equity market features--and the amount of corporate disclosure on the Year 2000 (Y2K) technological dilemma. Data are collected f...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2004
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| Online Access: | https://ink.library.smu.edu.sg/soa_research/754 http://dx.doi.org/10.1016/j.intacc.2003.12.003 |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | This study examines the association between five societal variables--political and civil system, cultural values, type of legal system, level of economic development, and equity market features--and the amount of corporate disclosure on the Year 2000 (Y2K) technological dilemma. Data are collected from the 1997/1998 fiscal-year annual reports of 1618 publicly listed firms spanning 17 nations. Empirical findings indicate the amount of Y2K disclosure varied significantly across national boundaries. Statistical analysis indicates a strong positive association between the amount of Y2K disclosure and the level of (a) political rights and civil liberties and (b) economic development. Results also imply publicly listed firms in Common Law nations disclose more Y2K information than counterparts in Roman-German Law nations. Of Hofstede's [Hofstede, G. (1980). Culture's consequences: International differences in work-related values. Beverly Hills, CA: Sage Publications] four cultural dimensions, only power distance is a significant explanatory factor of variations is the amount of Y2K disclosure. |
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