The sub-prime crisis has rejuvenated a public dialogue about the regulation of financial systems. This paper examines the impact of culture on the regulation of bank entry. Based on data from 53 countries, the paper's empirical estimations are inconsistent with the prediction of ‘public choice...

The primary purpose of this paper is to examine the impact of culture on stock price volatility. The focal causal chain links dimensions of culture (i.e., linguistic structure and values) to globalization to the volatility of prices in 50 stock markets around the world. Other explanatory...