CEO culture, corruption and firm performance

Hieu Thanh Nguyen, Kieu Trang Vu, Loan Quynh Thi Nguyen and Hiep Ngoc Luu

Applied Economics Letters, 2022, vol. 29, issue 7, 630-634

Abstract: This paper examines the impact of CEO culture on firm performance in a high-corruption environment. We find that corruption negatively affects firm performance. However, we also find that, in a business environment where corruption is prevalent, power distance culture leads to a beneficial impact on firm performance. On the other hand, individualism, masculinity and uncertainty avoidance culture have the opposite effect.

Date: 2022
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DOI: 10.1080/13504851.2021.1881429

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