Effects of Culture on Firm Risk-Taking: A Cross-Country and Cross-Industry Analysis

Working Paper No. 12/210

This paper investigates the effects of national culture on firm risk-taking, using a comprehensive dataset covering 50,000 firms in 400 industries in 51 countries. Risk-taking is found to be higher for domestic firms in countries with low uncertainty aversion, low tolerance for hierarchical relationships, and high individualism. Domestic firms... READ MORE...

Publication date: August 2012
ISBN 9781475505603

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


Publication date: August 2012