National culture, corporate governance and corruption: A cross-country analysis

Boateng A., Wang Y., NTIM C., Glaister K. W.

International Journal of Finance and Economics, vol.26, no.3, pp.3852-3874, 2021 (SSCI, Scopus) identifier

  • Nəşrin Növü: Article / Article
  • Cild: 26 Say: 3
  • Nəşr tarixi: 2021
  • Doi nömrəsi: 10.1002/ijfe.1991
  • jurnalın adı: International Journal of Finance and Economics
  • Jurnalın baxıldığı indekslər: Social Sciences Citation Index (SSCI), Scopus, ABI/INFORM, Aerospace Database, Business Source Elite, Business Source Premier, Communication Abstracts, EconLit, Geobase, Metadex, vLex, Civil Engineering Abstracts
  • Səhifə sayı: pp.3852-3874
  • Açar sözlər: bribery, corporate governance, corruption, institutional theory, national culture
  • Açıq Arxiv Kolleksiyası: Məqalə
  • Adres: Bəli

Qısa məlumat

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.