Siegel, Jordan I.; Licht, Amir N.; Schwartz, Shalom H. - In: Journal of Financial Economics 102 (2011) 3, pp. 621-642
This study identifies how country differences on a key cultural dimension—egalitarianism—influence international investment flows. A society's cultural orientation toward egalitarianism is manifested by intolerance for abuses of market and political power and a desire for protecting less...