National Culture, Corporate Governance and Corruption: A Cross-country Analysis

Date

2020-07-25

Advisors

Journal Title

Journal ISSN

ISSN

1099-1158

Volume Title

Publisher

Wiley

Type

Article

Peer reviewed

Yes

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

Description

The file attached to this record is the author's final peer reviewed version.

Keywords

Corporate Governance, Corruption, Bribery, National Culture, Institutional Theory

Citation

Boateng, A., Wang, Y., Ntim, C., Glaister, K.W. (2020) National Culture, Corporate Governance and Corruption: A Cross-country Analysis. International Journal of Finance & Economics,

Rights

Research Institute