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2017 | 10 | nr 4 | 137--150
Tytuł artykułu

Humane Orientation and Corruption in Bank Lending

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Corruption in bank lending can seriously adversely affect credit allocation. Besides banking factors, national culture can also affect the corruption of bank officials. Prior studies have shown that collectivism increases bank corruption. This paper aims to assess the effects of cultural dimensions, besides collectivism, on the corruption of bank officials. Instead of using Hofstede's cultural data, this paper uses the data from the GLOBE project which is more recent and reports more cultural dimensions than Hofstede's. Using the data covering more than 3000 firms in 32 countries, this paper finds that humane orientation increases the corruption of bank officials. The effect of humane orientation on the corruption of bank officials is not only statistically significant but also economically relevant. The magnitude of its effect is relatively comparable to that of collectivism. (original abstract)
Słowa kluczowe
Rocznik
Tom
10
Numer
Strony
137--150
Opis fizyczny
Twórcy
  • Kasetsart University, Bangkok, Thailand
Bibliografia
  • Barth, J. R., Caprio, G. Jr., & Levine, R. (2004). Bank regulation and supervision: what works best? Journal of Financial Intermediation, 13, 205-248.
  • Barth, J. R., Lin, C., Lin, P., & Song, F. M. (2009). Corruption in bank lending to firms: Cross-country micro evidence on the beneficial role of competition and information sharing. Journal of Financial Economics, 91, 361-388.
  • Beck, T., Demirguc-Kunt, A., & Levine, R. (2006). Bank supervision and corruption in lending. Journal of Monetary Economics, 53, 2131-2163.
  • Beck, T., Demirguc-Kunt, A., & Maksimovic, V. (2004). Bank Competition and Access to Finance: international evidence. Journal of Money, Credit and Banking, 36, 627-648.
  • Beck, T., Demirguc-Kunt, A., & Maksimovic, V. (2005). Financial and legal constraints to growth: does firm size matter? Journal of Finance, 60, 137-177.
  • Charron, N., & Bagenholm, A. (2016). Ideology, party systems and corruption voting in european democracies. Electoral Studies, 41, 36-49.
  • Dheera-aumpon, S. (2013). Connected lending and concentrated control. Journal of Financial Stability, 9, 475-486.
  • Dheera-aumpon, S. (2015). Can shareholder rights protection reduce corruption in lending? International Journal of Monetary Economics and Finance, 8, 178-190.
  • Dheera-aumpon, S. (2016). Bank ownership and connected lending. International Review of Economics and Finance, 41, 274-286.
  • Djankov, S., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2008). The law and economics of self-dealing. Journal of Financial Economics, 88, 430-465.
  • El Ghoul, S., Guedhami, O., Kwok, C.C.Y., & Zheng, X. (2016). Collectivism and corruption in commercial loan production: How to break the curse? Journal of Business Ethics, 139, 225-250.
  • Fisar, M., Kubak, M., Spalek, J., & Tremewan, J. (2016). Gender differences in beliefs and actions in a framed corruption experiment. Journal of Behavioral and Experimental Economics, 63, 69-82.
  • Hao, Y., & Chang, C.-P. (2017). Women and corruption: evidence from multinational panel data. Quality & Quantity, Advance online publication.
  • Hofstede, G. H. (2001). Culture's consequences: International Differences in Work-Related Values (2nd ed.). Thousand Oaks, CA: Sage.
  • House, R. J., Hanges, P. J., Javidan, M., Dorfman, P. W., & Gupta, V. (2004). Culture, Leadership, and Organizations: The GLOBE Study of 62 Societies. Thousand Oaks, CA: Sage.
  • Kaufmann, D., Kraay, A., & Mastruzzi, M. (2010). The worldwide governance indicators: methodology and analytical issues. World Bank Policy Research Working Paper, 5430.
  • Seleim, A., & Bontis, N. (2009). The relationship between culture and corruption: a cross- national study. Journal of Intellectual Capital, 10, 165-184.
  • Tuliao, K. V., & Chen, C. (2017). CEO duality and bribery: the roles of gender and national culture. Management Decision, 55, 218-231.
  • Zheng, X., El Ghoul, S., Guedhami, O., & Kwok, C.C.Y. (2013). Collectivism and corruption in bank lending. Journal of International Business Studies, 44, 363-390.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171493368

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