New evidence on national culture and bank capital structure
© 2017 Elsevier B.V. We examine the nature of impact of national culture on bank leverage using a broad sample of 1701 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 leverag...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Language: | English |
| Published: |
ELSEVIER SCIENCE BV
2018
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/76639 |
| _version_ | 1848763736628658176 |
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| author | Haq, M. Hu, D. Faff, R. Pathan, Md Shams Tabrize |
| author_facet | Haq, M. Hu, D. Faff, R. Pathan, Md Shams Tabrize |
| author_sort | Haq, M. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | © 2017 Elsevier B.V. We examine the nature of impact of national culture on bank leverage using a broad sample of 1701 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 in countries with high uncertainty-avoidance, power distance, and long-term orientation have less leverage. Notably, bank size substantially moderates these cultural effects. Our findings are robust to endogeneity, and alternative proxies for the dependent and core explanatory variables. |
| first_indexed | 2025-11-14T11:08:12Z |
| format | Journal Article |
| id | curtin-20.500.11937-76639 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T11:08:12Z |
| publishDate | 2018 |
| publisher | ELSEVIER SCIENCE BV |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-766392019-10-24T07:52:42Z New evidence on national culture and bank capital structure Haq, M. Hu, D. Faff, R. Pathan, Md Shams Tabrize Social Sciences Business, Finance Business & Economics Bank leverage National culture Individualism Power distance Uncertainty avoidance Long-term orientation Endogeneity RISK DIVERSIFICATION OVERCONFIDENCE QUALITY GENDER STOCK GLOBE SELF BIAS LAW © 2017 Elsevier B.V. We examine the nature of impact of national culture on bank leverage using a broad sample of 1701 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 in countries with high uncertainty-avoidance, power distance, and long-term orientation have less leverage. Notably, bank size substantially moderates these cultural effects. Our findings are robust to endogeneity, and alternative proxies for the dependent and core explanatory variables. 2018 Journal Article http://hdl.handle.net/20.500.11937/76639 10.1016/j.pacfin.2017.09.005 English ELSEVIER SCIENCE BV restricted |
| spellingShingle | Social Sciences Business, Finance Business & Economics Bank leverage National culture Individualism Power distance Uncertainty avoidance Long-term orientation Endogeneity RISK DIVERSIFICATION OVERCONFIDENCE QUALITY GENDER STOCK GLOBE SELF BIAS LAW Haq, M. Hu, D. Faff, R. Pathan, Md Shams Tabrize New evidence on national culture and bank capital structure |
| title | New evidence on national culture and bank capital structure |
| title_full | New evidence on national culture and bank capital structure |
| title_fullStr | New evidence on national culture and bank capital structure |
| title_full_unstemmed | New evidence on national culture and bank capital structure |
| title_short | New evidence on national culture and bank capital structure |
| title_sort | new evidence on national culture and bank capital structure |
| topic | Social Sciences Business, Finance Business & Economics Bank leverage National culture Individualism Power distance Uncertainty avoidance Long-term orientation Endogeneity RISK DIVERSIFICATION OVERCONFIDENCE QUALITY GENDER STOCK GLOBE SELF BIAS LAW |
| url | http://hdl.handle.net/20.500.11937/76639 |