Question: Please don't copy the answer they are not correct. Cultural dimension index scores developed by Hofstede for six countries are reported in the table below.
Please don't copy the answer they are not correct.
Cultural dimension index scores developed by Hofstede for six countries are reported in the table below.
Using Grays hypothesis relating culture to the accounting value of secrecy, rate these six countries as relatively high or relatively low with respect to the level of disclosure you would expect to find in financial statements. Which countries would be expected to have the highest/lowest level of secrecy?
| Power Distance | Uncertainty Avoidance | Individualism | Masculinity | Long-Term Orientation | ||||||
| Country | Index | Rank | Index | Rank | Index | Rank | Index | Rank | Index | Rank |
| Belgium | 65 | 20 | 94 | 56 | 75 | 8 | 54 | 22 | 38 | 18 |
| Brazil | 69 | 14 | 76 | 2122 | 38 | 2627 | 49 | 27 | 65 | 6 |
| Korea (South) | 60 | 2728 | 85 | 1617 | 18 | 43 | 39 | 41 | 75 | 5 |
| Netherlands | 38 | 40 | 53 | 35 | 80 | 4-5 | 14 | 51 | 44 | 1112 |
| Sweden | 31 | 4748 | 29 | 4950 | 71 | 10-11 | 5 | 53 | 33 | 20 |
| Thailand | 64 | 2123 | 64 | 30 | 20 | 39-41 | 34 | 44 | 56 | 8 |
| a1 highest rank; 53 = lowest rank; b1 highest rank ; 43 = lowest rank | ||||||||||
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