Cultural, Political, and Economic Antecedents of Country Risk in Sixty-Two Countries

Moshe Banai ()
Additional contact information
Moshe Banai: Baruch College, Postal: Zicklin School of Business, Baruch College - CUNY, 55 Lexington Avenue, New York, NY 10010, http://zicklin.baruch.cuny.edu/faculty/management/profiles/banai.html

Journal of Financial Transformation, 2012, vol. 34, 89-98

Abstract: This study presents and empirically tests a model of the relationships between cultural, political, and economic measures and business practices in sixty two countries. GLOBE study’s nine dimensions of culture’s scores are regressed along scores on democracy, religiousness, GDP, corruption, and country risk. The results indicate that in-group collectivism and humane orientation are good predictors of democracy, religion, and corruption; performance orientation and uncertainty avoidance are good predictors of societal institutions; and corruption and societal institutions are good predictors of country risk. Implications for scholars and practitioners are offered.

Keywords: Culture; Democracy; Religiousness; GDP; Corruption; Country Risk. (search for similar items in EconPapers)
JEL-codes: A14 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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: https://EconPapers.repec.org/RePEc:ris:jofitr:1509

Access Statistics for this article

Journal of Financial Transformation is currently edited by Prof. Shahin Shojai

More articles in Journal of Financial Transformation from Capco Institute 77 Water Street, 10th Floor, New York NY 10005.
Bibliographic data for series maintained by Prof. Shahin Shojai ( this e-mail address is bad, please contact ).