We investigate the effect of national culture on corporate investment-cash flow sensitivity. The extant literature on corporate investment explains investment-cash flow sensitivity using agency and asymmetric information theories. In this paper we argue that culture affects perceptions of, and...

We examine the nature of impact of national culture on bank leverage using a broad sample of 1,701 banks from 79 countries, over the period 2000-2013, i.e., 18,996 bank-year observations. We find that banks in countries with high individualism culture dimensions hold more leverage while, banks...

The paper examines the relationship between CSR and cost of equity in an in-ternational context assessing the moderating effect of culture on the relation between CSR and the cost of equity. We use an international sample of 42 countries, and company-level data from 2002-2013, to address...

This study examines the influence of culture on management's response to the challenge of climate change, as manifested in firms' voluntary participation in carbon disclosure via the Carbon Disclosure Project (CDP). We argue that national culture impacts managerial attitudes and philosophies...

This study examines the role of codes of ethics in reducing the extent to which managers act opportunistically in reporting earnings. Corporate codes of ethics, by clarifying the boundaries of ethical corporate behaviors and making relevant social norms more salient, have the potential to deter...

This paper examines bondholder wealth effects in global business collaborations with the form of cross-border joint ventures (JV) and strategic alliances (SA). Based on a sample of 1,898 event-firms from 2009 to 2015, we find significant and positive abnormal returns for bondholders. On average,...

This paper aims to focus on differentiation of culture. Most cultural notions are stemmed from the concept work of Hofstede. They all begin with a classification of culture throughout the creation of an ontology that distinguishes relatable levels of reality. One illustration will be highlighted...

The economic literature on culture has mainly focused on the influence of national culture and its role in determining the organizational culture. Hofstede has demonstrated in his research the importance of culture in determining human relations in the workplace. People can comply with both...

The purpose of this study is to determine whether there are common conceptions of high performance organizations (HPOs) among business students in South Africa and Tanzania, as the perceptions of these students will influence the structure and use of future HPOs. Questionnaire data were...

An issue which has occupied management researchers for a long time is that of the direction of causality, centering around the question: Do certain management practices cause better performance or do better performing organizations find it easier to adopt certain management practices? Much...