Suchergebnisse

Cultural Values of Parent Bank Board Members and Lending by Foreign Subsidiaries: The Moderating Role of Personal Traits

Iftekhar Hasan, Krzysztof Jackowicz, Oskar Kowalewski, Łukasz Kozłowski

Journal of International Financial Markets, Institutions and Money, March 2023

Abstract

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.

Artikel Lesen

Medienecho

Medienecho ...

Zur Seite

EVA-KULT

EVA-KULT Etablierung einer evidenzbasierten Evaluationskultur für...

Zur Seite

Diversity

Diversity Wir haben die Charta der Vielfalt unterzeichnet und setzen uns aktiv für Diversität in der Arbeitswelt ein: Das IWH schafft ein barriere- und vorurteilfreies...

Zur Seite