This essay discusses the group orientation of Japanese business and its pragmatic decision making. It is argued that while group orientation fosters loyalty and cooperation, it has also led to exclusivity, discrimination against outsiders, and the pressure to conform. Pragmatic decision making...

At first sight it is easy to understand that “ethics in business” is a field which aims at explaining problems of moral aspect which come up currently in the activity of economic agents from a market economy. Considering the cultural variety of moral values and principles lengthwise and...

Entrepreneurs that were employed by successful industry incumbents prior to founding tend to confer advantages on their new organizations. We propose and then demonstrate a similar "network progeny" effect rooted in the social relationships that form among entrepreneurs. Our analysis of new...

In this paper, we demonstrate that cultural borders in international finance resurge during financial crises. To investigate the role of cultural borders during both tranquil and crisis periods, we employ a unique data set that focuses on Eurozone cross-border depositing in a gravity-model...

The article discusses the features of China’s economic culture. The author traces the genesis of the economic model of the Chinese civilization and determine its potential as an alternative to the Western one. Among the characteristic properties of the Chinese model for much of the New Age one...

The argument of social embeddedness has become one of the most celebrated metaphors in economic sociology. The attempt connected to that term is the elaboration of a solid basis for economic sociology as discipline within the concert of economics and further social sciences. The paper argues...