National Culture and Corporate Risk-Taking Around the World
| aut.relation.articlenumber | 100710 | |
| aut.relation.endpage | 100710 | |
| aut.relation.journal | Global Finance Journal | |
| aut.relation.startpage | 100710 | |
| aut.relation.volume | 52 | |
| dc.contributor.author | Frijns, B | |
| dc.contributor.author | Hubers, F | |
| dc.contributor.author | Kim, D | |
| dc.contributor.author | Roh, TY | |
| dc.contributor.author | Xu, Y | |
| dc.date.accessioned | 2025-06-25T02:26:38Z | |
| dc.date.available | 2025-06-25T02:26:38Z | |
| dc.date.issued | 2022-01-25 | |
| dc.description.abstract | This paper examines the effect of national culture on corporate risk-taking worldwide. Specifically, we focus on one particular cultural trait – Individualism – a culture dimension linked to risk-taking and overconfidence. Using a sample of 48 countries from 1998 to 2019 (a total of 111,697 firm-year observations), we document a positive relationship between Individualism and corporate risk-taking. This result is robust to potential endogeneity concerns, alternative default horizons, an alternative measure for corporate risk-taking, and alternative measures of Individualism. | |
| dc.identifier.citation | Global Finance Journal, ISSN: 1044-0283 (Print), Elsevier BV, 52, 100710-100710. doi: 10.1016/j.gfj.2022.100710 | |
| dc.identifier.doi | 10.1016/j.gfj.2022.100710 | |
| dc.identifier.issn | 1044-0283 | |
| dc.identifier.uri | http://hdl.handle.net/10292/19364 | |
| dc.language | en | |
| dc.publisher | Elsevier BV | |
| dc.relation.uri | https://www.sciencedirect.com/science/article/pii/S1044028322000126 | |
| dc.rights | © 2022 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). | |
| dc.rights.accessrights | OpenAccess | |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | |
| dc.subject | 3502 Banking, Finance and Investment | |
| dc.subject | 35 Commerce, Management, Tourism and Services | |
| dc.subject | 3507 Strategy, Management and Organisational Behaviour | |
| dc.subject | 1502 Banking, Finance and Investment | |
| dc.subject | Finance | |
| dc.subject | 3501 Accounting, auditing and accountability | |
| dc.subject | 3502 Banking, finance and investment | |
| dc.title | National Culture and Corporate Risk-Taking Around the World | |
| dc.type | Journal Article | |
| pubs.elements-id | 448422 |
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