Cultural Differences of Nations and the Reporting of Intellectual Capital
Jay Holmen

Abstract
Hypothesis: variations in intellectual capital disclosures are related to the cultural differences of nations. Twenty-six studies analyzing the intellectual capital disclosure for twenty-one countries were used to obtain disclosure measures. Hofstede’s four dimension cultural model provided measures of the culture of these twenty-one countries. A multivariate regression analysis related the three categories of intellectual capital (structural, human and relational capital) to the four dimensions of culture (power distance, individualism, masculinity and uncertainty avoidance). Structural capital was found to be related to power distance and uncertainty avoidance; human capital to both power distance and individualism; and relational capital to individualism.

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