Boateng, A, Wang, Y, Ntim, C et al. (1 more author) (2021) National culture, corporate governance and corruption: A cross‐country analysis. International Journal of Finance & Economics, 26 (3). 3852-3874-3874. ISSN 1076-9307
Abstract
Drawing on institutional theory, we examine the impact of corporate governance (CG) on corruption. The interaction effects of national culture and CG on corruption are also examined. By employing a dataset of 149 countries, our baseline findings indicate that the quality of CG practices reduces the level of corruption. Findings also show that three cultural dimensions, namely, power distance, individualism and indulgence moderate the CG‐corruption nexus. Our findings indicate that CG and national culture explain the level of corruption among societies, with national culture appearing to matter more than the quality of CG. Our findings remain unchanged after controlling for endogeneities, country‐level factors, CG and corruption proxies.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2020 The Authors. International Journal of Finance & Economics published by John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution‐NonCommercial‐NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non‐commercial and no modifications or adaptations are made. To view a copy of this license, visit https://creativecommons.org/licenses/by-nc-nd/4.0/. |
Keywords: | bribery; corporate governance; corruption; institutional theory; national culture |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 22 Jun 2020 12:47 |
Last Modified: | 25 May 2023 13:20 |
Status: | Published |
Publisher: | Wiley |
Identification Number: | 10.1002/ijfe.1991 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:162118 |