Culture, Corporate Governance and Bank Risk-taking
dc.contributor.advisor | Füllbrunn, S. | |
dc.contributor.author | Hentges, Jil | |
dc.date.issued | 2021-07-07 | |
dc.description.abstract | This thesis analyses the relationship between culture, corporate governance and bank-risk taking. I use a mediation analysis with multilevel data and a dataset containing 168 banks from 28 countries. Two proxies for risk-taking are used: standard deviation of return on assets and the z-score. For the standard deviation of return on assets, individualism has a negative effect, while uncertainty avoidance and power distance are positive, but no mediation effect could be found. For the z-score, most cultural variables are insignificant, however they only turned insignificant after the inclusion of the corporate governance proxies which points toward a mitigation effect. In conclusion it seems likely that corporate governance mediates and weakens the effect of culture. | en_US |
dc.identifier.uri | https://theses.ubn.ru.nl/handle/123456789/11058 | |
dc.language.iso | en | en_US |
dc.thesis.faculty | Faculteit der Managementwetenschappen | en_US |
dc.thesis.specialisation | Financial Economics | en_US |
dc.thesis.studyprogramme | Master Economics | en_US |
dc.thesis.type | Master | en_US |
dc.title | Culture, Corporate Governance and Bank Risk-taking | en_US |
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