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

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 relation...

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Tác giả chính: Mihet, Roxana
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2012.
Loạt:IMF Working Papers; Working Paper ; No. 2012/210
Truy cập trực tuyến:Full text available on IMF