National culture, corporate governance and corruption: a cross-country analysis
National culture, corporate governance and corruption: a cross-country analysis
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.
bribery, corporate governance, corruption, institutional theory, national culture
Boateng, Agyenim
1fdce2a1-f308-4a8d-9b7a-b3e4e3d66502
Wang, Yan
540c725b-5924-4971-9eb7-9db164c09e57
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Glaister, Keith W.
f609cc26-e9a6-4b85-b272-bc6f12c431f8
26 January 2021
Boateng, Agyenim
1fdce2a1-f308-4a8d-9b7a-b3e4e3d66502
Wang, Yan
540c725b-5924-4971-9eb7-9db164c09e57
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Glaister, Keith W.
f609cc26-e9a6-4b85-b272-bc6f12c431f8
Boateng, Agyenim, Wang, Yan, Ntim, Collins and Glaister, Keith W.
(2021)
National culture, corporate governance and corruption: a cross-country analysis.
International Journal of Finance & Economics.
(doi:10.1002/ijfe.1991).
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.
Text
Accepted_IJFE_18_June_2020_Corruption
- Accepted Manuscript
More information
Accepted/In Press date: 18 June 2020
e-pub ahead of print date: 4 August 2020
Published date: 26 January 2021
Additional Information:
Publisher Copyright:
© 2020 The Authors. International Journal of Finance & Economics published by John Wiley & Sons Ltd.
Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.
Keywords:
bribery, corporate governance, corruption, institutional theory, national culture
Identifiers
Local EPrints ID: 441645
URI: http://eprints.soton.ac.uk/id/eprint/441645
ISSN: 1076-9307
PURE UUID: 1882c470-f51d-42d3-8592-4c92138ad131
Catalogue record
Date deposited: 23 Jun 2020 16:30
Last modified: 17 Mar 2024 05:41
Export record
Altmetrics
Contributors
Author:
Agyenim Boateng
Author:
Yan Wang
Author:
Keith W. Glaister
Download statistics
Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.
View more statistics
