Economics at your fingertips  

National culture and financial systems

Chuck C Y Kwok and Solomon Tadesse
Additional contact information
Chuck C Y Kwok: Moore School of Business, University of South Carolina, Columbia, South Carolina, USA

Journal of International Business Studies, 2006, vol. 37, issue 2, 227-247

Abstract: Countries differ in the way their financial activities are organized. In Anglo-Saxon countries such as the US and the UK financial systems are dominated by stock markets, whereas in continental Europe and Japan banks play a predominant role. Why do countries differ in the configuration of their financial systems? We argue that national culture plays a significant role. We find that countries characterized by higher uncertainty avoidance are more likely to have a bank-based system. Journal of International Business Studies (2006) 37, 227–247. doi:10.1057/palgrave.jibs.8400188

Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (118) Track citations by RSS feed

Downloads: (external link) Link to full text PDF (application/pdf) Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: National Culture and Financial Systems (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/41267/PS2

Access Statistics for this article

Journal of International Business Studies is currently edited by John Cantwell

More articles in Journal of International Business Studies from Palgrave Macmillan, Academy of International Business
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2020-11-23
Handle: RePEc:pal:jintbs:v:37:y:2006:i:2:p:227-247