Foreign bank lending: The role of home country culture during prosperous and crisis periods

Krzysztof Jackowicz (), Oskar Kowalewski () and Lukasz Kozlowski ()
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Krzysztof Jackowicz: Department of Banking, Insurance and Risk, Kozminski University, Poland
Lukasz Kozlowski: Department of Banking, Insurance and Risk, Kozminski University, Poland

No 2021-ACF-01, Working Papers from IESEG School of Management

Abstract: We investigated whether home country culture determines the lending behavior of foreign subsidiaries in host countries during both tranquil and difficult economic times. We employed a dataset of foreign-owned banks originating from 49 home countries and operating in 47 host countries during the period 1996–2018. We found that, in general, only certain dimensions of the home country culture of multinational banks influence lending activities of the foreign bank subsidiaries. However, the impact of home country culture strengthens significantly during crises. Interestingly, we established that the cultural values of the home country are more important than the cultural distances between home and host countries in explaining foreign bank lending attitudes.

Keywords: foreign bank; lending; national culture; crisis (search for similar items in EconPapers)
JEL-codes: G01 G21 (search for similar items in EconPapers)
Pages: 47
Date: 2021-04
New Economics Papers: this item is included in nep-cul
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Citations: View citations in EconPapers (2)

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Journal Article: Foreign bank lending: The role of home country culture during prosperous and crisis periods (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:ies:wpaper:f202101

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