Shear, Falik; Ashraf, Badar Nadeem; Sadaqat, Mohsin - In: Risks 9 (2021) 1, pp. 1-15
, measuring the national culture with the uncertainty avoidance index (the aspect of national culture which measures the cross … market returns is stronger in countries where investors possess higher uncertainty avoidance cultural values. Our findings … imply that uncertainty avoidance cultural values of investors promote financial market instability amid the crisis. …