The Influence of Cultural Value in Malaysian Firms: A Research Note

Suria Zainuddin, Kamisah Ismail, Noor Sharoja Sapiei
(Faculty of Business and Accountancy, University of Malaya, Malaysia)

Abstract: Malaysian economy is currently experiencing a rapid growth. The globalization process of Malaysian economy brings in more expatriate and expertise not only from Asia but also from Western. The integration of the thinking with multi culture may change the power distance influence between superiors and subordinates. However no evidence so far has been empirically presented that may support this argument. Thus this study aims to discuss this issue whether globalization affect the change of the power distance index, which consequently influence budgeting behavior of Malaysian managers.

Key words: power distance; Malaysia; budgeting behavior

JEL code: M14