Cultural Values of Parent Bank Board Members and Lending by Foreign Subsidiaries: The Moderating Role of Personal Traits
Journal of International Financial Markets, Institutions and Money,
In this study, we investigate whether the cultural values of a parent bank’s board members affect lending by the bank’s foreign subsidiaries and how this influence is moderated by the board members’ personal traits. Using a new dataset on foreign-owned banks and their parent companies, we find that average individualism, uncertainty avoidance, and indulgence within parent bank boards significantly impact lending by foreign subsidiaries. We establish that different sensitivities of female and male directors modify the relevance of individual cultural dimensions in lending by foreign bank subsidiaries. Moreover, we show that parent bank directors’ cultural values have a stronger impact on lending by the bank’s foreign subsidiaries when those directors have enough time to fulfill their duties and possess higher ownership stakes in the parent companies.
People Job Market Candidates ...
Postdoctoral Researcher in Financial Economics (f/m/x, 100%) [2023-06]
Vacancy Postdoctoral Researcher in Financial Economics (f/m/x,...
Joint Economic Forecast
Joint Economic Forecast The joint economic forecast is an instrument for evaluating...
IWH European Real Estate Index
IWH European Real Estate Index The IWH European Real Estate Database is a new data...
DPE Course Programme Archive
DPE Course Programme Archive 2023 2022 2021 2020 2019...
Data Protection Policy ...
Solidarity with Israel The Alliance of Science Organisations in Germany stands in solidarity with Israel. ...
IWH FDI Micro Database
IWH FDI Micro Database The IWH FDI Micro Database (FDI = Foreign Direct...
Productivity: More with Less by Better Available resources are scarce. To sustain our...