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

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
1076-9307
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
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. (2020) National culture, corporate governance and corruption: a cross-country analysis. International Journal of Finance & Economics. (doi:10.1002/ijfe.1991). (In Press)

Record type: Article

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.

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Accepted_IJFE_18_June_2020_Corruption - Accepted Manuscript
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Accepted/In Press date: 18 June 2020
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
ORCID for Collins Ntim: ORCID iD orcid.org/0000-0002-1042-4056

Catalogue record

Date deposited: 23 Jun 2020 16:30
Last modified: 26 Nov 2021 02:27

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Contributors

Author: Agyenim Boateng
Author: Yan Wang
Author: Collins Ntim ORCID iD
Author: Keith W. Glaister

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