Home vs. host country culture effects on the risk-taking of bank subsidiaries
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2020-07-02
Language
en
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Abstract
This thesis analyzes cultural effects on risk-taking among bank subsidiaries in order to
answer the question whether home or host country effects are stronger. A sample of 547
banks across 61 countries is used for the purpose of this research. Culture is measured by
individualism and uncertainty avoidance. The results show that both measures are
positively related to risk-taking. For individualism, home country effects prevail, while for
uncertainty avoidance on the other hand host country effects are the strongest. These results
are partly robust when alternative measures of risk-taking are used.
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Faculteit der Managementwetenschappen