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National culture and transparency: evidence from Islamic banks

The purpose of this paper is to investigate the effects of predominant cultural values on banking disclosure. On one hand, Islamic banks have practiced Islamic principles which are universal for all countries. Islamic banks are expected to provide transparent information especially in terms of socia...

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Main Authors: Yunanda, Rochania Ayu, Tareq, Mohammad Ali, Mahdzir, Akbariah, Rahman, Faried Kurnia
Format: Article
Published: Pontifícia Universidade Católica de São Paulo 2019
Subjects:
TA Engineering (General). Civil engineering (General)
Online Access:http://eprints.utm.my/id/eprint/88570/
http://dx.doi.org/10.24212/2179-3565.2019v10i1p101-109
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spelling my.utm.885702020-12-15T02:20:14Z http://eprints.utm.my/id/eprint/88570/ National culture and transparency: evidence from Islamic banks Yunanda, Rochania Ayu Tareq, Mohammad Ali Mahdzir, Akbariah Rahman, Faried Kurnia TA Engineering (General). Civil engineering (General) The purpose of this paper is to investigate the effects of predominant cultural values on banking disclosure. On one hand, Islamic banks have practiced Islamic principles which are universal for all countries. Islamic banks are expected to provide transparent information especially in terms of social and Shariah(Islamic) compliant information as Islamic banks claim themselves to have social objectives as the prime consideration. Islamic banks also have Shariah supervisory body to ensure that the banking activities and business operations are in line with Islamic requirements. On the other hand, Hofstede‘s cultural dimensions and Gray‘s hypotheses have rendered remarkable contributions in financial and accounting practices among different nations. Examining 45 Islamic banks in 11 Moslem majority countries, this paper focuses on four particular cultural dimensions namely individualism/collectivism, masculinity/femininity, uncertainty avoidance, and power distance and whether these dimensions have an impact on transparency. This study found that two out of four national cultures still have significant effect on the transparency level in Moslem majority countries. Pontifícia Universidade Católica de São Paulo 2019-03 Article PeerReviewed Yunanda, Rochania Ayu and Tareq, Mohammad Ali and Mahdzir, Akbariah and Rahman, Faried Kurnia (2019) National culture and transparency: evidence from Islamic banks. Journal on Innovation and Sustainability RISUS, 10 (1). pp. 101-109. ISSN 2179-3565 http://dx.doi.org/10.24212/2179-3565.2019v10i1p101-109 DOI:10.24212/2179-3565.2019v10i1p101-109
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
topic TA Engineering (General). Civil engineering (General)
spellingShingle TA Engineering (General). Civil engineering (General)
Yunanda, Rochania Ayu
Tareq, Mohammad Ali
Mahdzir, Akbariah
Rahman, Faried Kurnia
National culture and transparency: evidence from Islamic banks
description The purpose of this paper is to investigate the effects of predominant cultural values on banking disclosure. On one hand, Islamic banks have practiced Islamic principles which are universal for all countries. Islamic banks are expected to provide transparent information especially in terms of social and Shariah(Islamic) compliant information as Islamic banks claim themselves to have social objectives as the prime consideration. Islamic banks also have Shariah supervisory body to ensure that the banking activities and business operations are in line with Islamic requirements. On the other hand, Hofstede‘s cultural dimensions and Gray‘s hypotheses have rendered remarkable contributions in financial and accounting practices among different nations. Examining 45 Islamic banks in 11 Moslem majority countries, this paper focuses on four particular cultural dimensions namely individualism/collectivism, masculinity/femininity, uncertainty avoidance, and power distance and whether these dimensions have an impact on transparency. This study found that two out of four national cultures still have significant effect on the transparency level in Moslem majority countries.
format Article
author Yunanda, Rochania Ayu
Tareq, Mohammad Ali
Mahdzir, Akbariah
Rahman, Faried Kurnia
author_facet Yunanda, Rochania Ayu
Tareq, Mohammad Ali
Mahdzir, Akbariah
Rahman, Faried Kurnia
author_sort Yunanda, Rochania Ayu
title National culture and transparency: evidence from Islamic banks
title_short National culture and transparency: evidence from Islamic banks
title_full National culture and transparency: evidence from Islamic banks
title_fullStr National culture and transparency: evidence from Islamic banks
title_full_unstemmed National culture and transparency: evidence from Islamic banks
title_sort national culture and transparency: evidence from islamic banks
publisher Pontifícia Universidade Católica de São Paulo
publishDate 2019
url http://eprints.utm.my/id/eprint/88570/
http://dx.doi.org/10.24212/2179-3565.2019v10i1p101-109
_version_ 1687393589803352064
score 13.211869

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