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Cultural Secrecy and Anti‐corruption Disclosure in Large Multinational Companies
Author(s) -
Blanc Renata,
Branco Manuel Castelo,
Patten Dennis M.
Publication year - 2019
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/auar.12231
Subject(s) - multinational corporation , secrecy , transparency (behavior) , accounting , language change , business , political science , law , finance , art , literature
This paper analyses the relation between countries’ cultural characteristics and anti‐corruption disclosure. In particular, it extends prior research and examines whether country‐level secrecy also appears to impact differences in this type of disclosure, while controlling for factors previously shown to matter. Using Transparency International ratings of disclosures on anti‐corruption efforts by large multinational firms and an ordinal regression analysis, the paper documents that companies from more ‘secretive’ countries have significantly lower levels of anti‐corruption disclosure.