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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