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Export Reference (APA) 
Lopes, A. I. (2016). Culture dimensions and application of IFRSs in the banking industry. WSEAS Transactions on Business and Economics. 13, 341-354
Export Reference (IEEE) 
A. I. Lopes,  "Culture dimensions and application of IFRSs in the banking industry", in WSEAS Transactions on Business and Economics, vol. 13, pp. 341-354, 2016
Export BibTeX 
@article{lopes2016_1765575377781,
	author = "Lopes, A. I.",
	title = "Culture dimensions and application of IFRSs in the banking industry",
	journal = "WSEAS Transactions on Business and Economics",
	year = "2016",
	volume = "13",
	number = "",
	pages = "341-354",
	url = "http://www.wseas.org/multimedia/journals/economics/2016/a645807-516.pdf"
}
Export RIS 
TY  - JOUR
TI  - Culture dimensions and application of IFRSs in the banking industry
T2  - WSEAS Transactions on Business and Economics
VL  - 13
AU  - Lopes, A. I.
PY  - 2016
SP  - 341-354
SN  - 1109-9526
UR  - http://www.wseas.org/multimedia/journals/economics/2016/a645807-516.pdf
AB  - Using European and Asian banks, this paper investigates how differences in culture in different
countries can be related with Loan loss provisions (LLP) based on the Hofstede’s theory. The effect of the
application of International Financial Reporting Standards (IFRSs) on the amount of LLP recognized in
financial statements published by Banks is also under analysis. Findings suggest that some culture dimensions play a role when analyzing risk factors, but not in all situations. When scores based on characteristics and behavior attributable to national culture are conflicting, the influence of culture on loan loss provisions is rejected. However, the application of IFRSs (vs local GAAP) has an important role, changing the power of national culture to influence the levels of LLP in countries where the scores of culture  dimensions are according to the theory, and mitigating that influence when the scores are conflicting,  moderating the amount of LLP that Banks should report regardless of culture behavior. 
ER  -