Year: 2023
Type: article
Abstract: Research Question:Why the banking sector in some countries experienced more severe panic than the banking sector in other countries?And why some countries recovered faster than others? Motivation:In a response to the global financial crisis, research on the motivation risk-taking or risk-aversion has been increasingly grown to investigate whether culture differences among countries affect the behaviors of individuals inside societies to be risk-taking or riskaversion?Idea: Test the effect of the four cultural dimensions of Hofstede (2001) i.e. (individualism, uncertainty avoidance, power distance and masculinity) on risk-taking in the banking sector.Data: Our sample consists of 2620 bank-year observations of 262 banks from four countries covering the period from (2011 to 2020) collected from Refinitiv Eikon database. Tools: The statistical techniques used are descriptive analysis, correlation and OLS regression.Findings: We found the effect of national culture on risk-taking is significant for all dimensions.Individualism and masculinity are negatively related to risk-taking and uncertainty avoidance is positively related to risk-taking.For power distance dimension, we
Authors: Somya M. Eljilany, Ibrahim R. Hegazy, Ahmed F. Elbayoumi
Institutions: Cairo University, American University in Cairo
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4387340407