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The influence of emotions and culture on accountability and governance.
- Source :
- Corporate Governance: The International Journal of Effective Board Performance; 2004, Vol. 4 Issue 1, p52-64, 13p
- Publication Year :
- 2004
-
Abstract
- Accountability has frequently been presented as a rational practice that can and should be implemented in all governance structures including civil society, economic institutions and organizations. In accounting, it has been identified as a primary objective of financial reporting. This paper examines two emotional states, i.e. guilt and shame that are likely to influence accountability. The paper argues that (a) accountability through information disclosure is a cultural practice closely associated with the emotional state of guilt that is common in certain cultures, and (b) in cultures where the emotional state of shame is common, accountability is likely to be weak and, people are likely to be negatively inclined towards information disclosure. Studies in psychology have also shown that "typical" shame experiences were common in collectivistic, large power-distance and high uncertainty avoidance cultures; while "typical" guilt experiences were more pronounced in individualistic, small power distance and low uncertainty avoidance cultures. [ABSTRACT FROM AUTHOR]
- Subjects :
- LEGAL liability
CIVIL society
ORGANIZATION
FINANCIAL statements
CORPORATION reports
Subjects
Details
- Language :
- English
- ISSN :
- 14720701
- Volume :
- 4
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Corporate Governance: The International Journal of Effective Board Performance
- Publication Type :
- Academic Journal
- Accession number :
- 20037814
- Full Text :
- https://doi.org/10.1108/14720700410521961