Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Research Department.
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| ISBN: | 9781475585162
1475585160
9781475543834
1475543832
1475505604
9781475505603
9781475505603
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| Digital file characteristics: | data file
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| Notes: | Includes bibliographical references.
Vendor-supplied metadata.
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| Summary: | 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 in such countries tend to take substantially more risk in industries which are more informationally opaque (e.g. finance, mining, IT). Risk-taking by foreign firms is best explained by the cultural norms of their country of origin. These cultural norms d.
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| Other form: | Print version: Mihet, Roxana. Effects of Culture on Firm Risk-Taking: A Cross-Country and Cross-Industry Analysis. Washington : International Monetary Fund, ©2012 9781475505603
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