Cultural roots of economic performance: A research noteA

Abstract

Cultural values, measured from Western and Eastern perspectives, are factors in economic performance which explain more than half the cross‐national variance in economic growth over two periods for samples of 18 and 20 nations. Performance seems facilitated by ‘Confucian dynamism’—stressing thrift, perseverance, and hierarchical relatedness, but not traditions impeding innovation. Cultural ‘individualism’ seems a liability, while the propensity for work in cohesive groups is an asset for economic performance. With business becoming more international, effective strategic management requires accounting for fundamental national differences such as those of culture identified in this study.

Culture and Corporate Governance: The Influence of Language and Religion in Switzerland

“…As a result, culture has been analyzed as a determinant of various economic outcomes. It has been associated with economic growth (Franke et al 1991), economic development (Glahe and Vohries 1989), financial intermediation (Aggarwal and Goodell 2010), international capital flows (Siegel et al 2011), capital structure (Chui et al 2002), the firm's choice of entry (Tihanyi et al 2005;Slangen and van Tulder 2009), financial development , government quality (La Porta et al 1999b), and life insurance consumption (Beck and Webb 2003).…”

Properties of quality constructs in Canadian business relationships

“…Canadian national culture is presumably different from Taiwanese culture, but the significant results yielded by the analysis in the present study add support to the mediating role of satisfaction in creating enduring relationships in business contexts across national cultures. Business culture does not necessarily reflect national culture (Franke et al, 1991) and increased globalisation may contribute to the diminishing role of national cultures in B2B relationships.…”

The evolution of US outward foreign direct investment in the pacific rim: a cross-time and country analysis

“…one consisting of Australia and New Zealand and the other of Japan and Korea. The main motivation for the intra-group distinction comes from the international business and management literature that acknowledges and documents the influential role of national and corporate cultural practices (Hoefstede, 1980;Franke et al, 1991).…”