Cultural values of parent bank board members and lending by foreign subsidiaries: The moderating role of personal traits

Iftekhar Hasan, Krzysztof Jackowicz (), Oskar Kowalewski () and Łukasz Kozłowski ()
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Krzysztof Jackowicz: Department of Banking, Insurance and Risk, Kozminski University, Poland
Łukasz Kozłowski: Department of Banking, Insurance and Risk, Kozminski University, Poland

No 2021-ACF-09, Working Papers from IESEG School of Management

Abstract: In this study, we investigate how the average cultural values of parent bank board members affect lending by foreign subsidiaries and how this influence is moderated by board members’ personal traits. Using a new dataset that includes information on foreign banks and their parent companies from 66 and 29 countries, respectively, we find that loan growth of foreign subsidiaries is faster when parent boards exhibit, on average, higher uncertainty avoidance and power distance but lower individualism and indulgence. Notably, the identified regularities are significantly moderated by gender, busyness, and firm ownership of parent bank board members.

Keywords: : foreign banks; lending; national culture; directors; board members; bank managers (search for similar items in EconPapers)
JEL-codes: G01 G21 (search for similar items in EconPapers)
Pages: 43
Date: 2021-10
New Economics Papers: this item is included in nep-cfn
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Related works:
Journal Article: Cultural values of parent bank board members and lending by foreign subsidiaries: The moderating role of personal traits (2023)
Working Paper: Cultural values of parent bank board members and lending by foreign subsidiaries: The moderating role of personal traits (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:ies:wpaper:f202109

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