Impacto de la cultura en la gestión de los resultados: un análisis con seis dimensiones culturales y 16 países = Cultural impact on earnings management: a six cultural dimensions and 16 countries analysis

Abstract

This thesis examines the effect of culture in earnings management for 1,188 listed companies in 16 countries during 2002 to 2013. Previous studies show this relationship but in an incomplete way, so we advance in the earnings management research line analysing the impact of Hofstede�s fifth and sixth cultural dimensions and the moderating role of legal tradition. Results show significant country-level characteristics, primarily associated with the Distance Power Index, Masculinity and Pragmatism cultural dimensions as well as differentiated between those where the Continental or Anglo-Saxon systems rule, confirming that cultural attributes influence the way companies, in certain countries, manage earnings and anticipating desirability of linking recommended changes to techniques and tools that can help regulations enforcement in specific countries.