The Impact of National Economic Culture and Country-Level Institutional Environment on Corporate Governance Practices
Abstract
We posit that national cultural practices influence the institutional environment, which in turn has an influence on corporate governance practices. We empirically evaluate these relationships using structural equation modeling.
We utilize measures of national culture from Culture, Leadership, and Organizations: The Globe study of 62 Societies. For the institutional environment, we employ the World Bank Worldwide Governance Indicators....
Paper Details
Title
The Impact of National Economic Culture and Country-Level Institutional Environment on Corporate Governance Practices
Published Date
Nov 18, 2011
Volume
52
Issue
3
Pages
365 - 394
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