El-Halaby, Sherif; Abdelrasheed, Hosam; Hussainey, Khaled - In: Journal of risk and financial management : JRFM 14 (2021) 10, pp. 1-22
This paper investigates to what extent cultural dimensions, based on Hofstede’s model, can clarify differences in cash holding levels. The sample includes 395 banks across 19 countries in the Middle East and North Africa region over a period of 16 years (1999-2014). The findings indicate that...