The average worker in the US needs to work more than a year to earn his or her CEO's daily wage. The well-accepted justification among economists for these huge wage gaps is the necessity to achieve economic efficiency, in terms of efficient allocation in the labor market and incentivizing...

Purpose – The main goal of this paper is to analyze the effects of societal culture attributes on regional disparity. Design/methodology/approach – This paper uses cross-country data to identify the variables that determine the regional disparity and the gap between the richest and poorest...

Economic and financial researchers rarely use culture as an exploratory variable for economic and financial events. This paper explores the role of cultural attributes in a nation's welfare. First, we use a theoretical model to show that the higher a nation's long term orientation, the more it...

This research identifies mechanisms that could help achieve a deeper understanding of the abnormal compensation of CEOs. We construct a model in which the determination of compensation depends on three factors: the CEO's skills, the level of competition in the sector and the ownership structure...

This article uses cross-country data to explore the role of cultural attributes in the inequality of income distribution and poverty within countries. Using the Hofstede cultural dimensions, we found that individualism is negatively correlated with the Gini index and the poverty ratio. We also...

The high concentration of the banking sector is a cross-border phenomenon that has a strong impact on local and global economies. The primary goal of this paper is to analyse the factors that affect concentration in banking systems around the world. The innovation of this paper is that it...

The increasing number of local and regional conflicts around the world in the past several decades has led us to investigate the causes of war and coups. We used economic, cultural and demographic differences as explanatory variables in elucidating the causes of coups and wars between countries....

The high concentration of the banking sector is a cross-border phenomenon that has a strong impact on local and global economies. The primary goal of this paper is to analyse the factors that affect concentration in banking systems around the world. The innovation of this paper is that it...