Cultural values and the global financial crisis: a missing link?

Baltaci, Adem; Cergibozan, Raif; Ari, Ali

doi:10.1007/s40822-022-00208-6

Cited by 5 publications

(5 citation statements)

References 28 publications

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“…Examining the role of cross-cultural factors in driving pandemic responses, our analysis revealed that cultural dispositions can either aid or thwart effective responses during times of crisis, such as that of the pandemic. Hofstede's [15][16][17] model has also been previously applied to understand behavior during other crisis contexts such as the global financial crisis [97]. Cultural characteristics such as individualism can be a drawback in times of emergencies such as the pandemic, where in the absence of effective checks for furthering individual interests, it can create conditions that can potentially accelerate the spread of the pandemic.…”

Section: Discussionmentioning

confidence: 99%

Culture and COVID-19: Impact of Cross-Cultural Dimensions on Behavioral Responses

2022

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The global pandemic of COVID-19 has impacted every sphere of human life across all nations of the world. Countries adapted and responded to the crisis in different ways with varied outcomes and different degrees of success in mitigation efforts. Studies have examined institutional and policy-based responses to the pandemic. However, to gain a holistic understanding of the pandemic response strategy and its effectiveness, it is also important to understand the cultural foundations of a society driving its response behavior. Towards that end, this entry focuses on a few key cultural dimensions of difference across countries and proposes that national culture is related to the protective behavior adopted by societies during COVID-19. The cultural dimensions examined in relation to COVID-19 include the dimensions of individualism vs. collectivism, power distance, uncertainty avoidance, masculinity and femininity, and future orientation. Inferences are drawn from academic research, published data, and discernible indicators of social behavior. The provides pointers for each dimension of culture and proposes that cultural awareness be made an important element of policy making while responding to crises such as COVID-19.

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Section: Discussionmentioning

confidence: 99%

Culture and COVID-19: Impact of Cross-Cultural Dimensions on Behavioral Responses

2022

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“…Em ambientes corporativos, os gestores que estão inseridos em uma sociedade individualista tendem a ter uma alta propensão a assumir riscos (Boubakri,2016) e excesso de otimismo e confiança (Hofstede, 2001). Assim, a busca pela maximização do lucro da utilidade é o padrão de comportamento mais típico em culturas individualistas que podem gerar externalidades negativas (Baltaci et. al, 2022).…”

Section: Individualismo Versus Coletivismounclassified

A Influência Das Dimensões Culturais Na Concentração Bancária Dos Países

SANTOS

Nunes

2023

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O objetivo do estudo é analisar a relação entre as dimensões culturais e a concentração bancária, pois, a cultura enquanto programação coletiva de uma sociedade tem o poder de influenciar as tomadas de decisões. Para realizar este trabalho utilizaram-se as dimensões culturais de Hofstede – distanciamento de poder, prevenção a incerteza, individualismo versus coletivismo, masculinidade versus feminilidade, orientação de longo prazo versus orientação para o curto prazo e indulgência versus restrição – e como variável de concentração bancária o percentual de participação dos três maiores bancos dos países. Os resultados demonstraram que os países que tendem a um maior distanciamento de poder e são restritivos possuem uma menor concentração bancária. As demais variáveis culturais e de controle analisadas não apresentaram relação estatisticamente significante, o que pode indicar que os grandes bancos possuem uma cultura corporativa extremamente forte sobrepondo à influência da cultura local.

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“…In general, highly individualistic cultures praise individual achievement, autonomy orientation, while in collectivist societies, priority is given to group cohesion and collective interests (Baltaci et al, 2022)…”

Section: Perception Of the Individual Over The Statementioning

confidence: 99%

2022 Basque Country Competitiveness Report. Foundations of competitiveness in times of uncertainty.

2022

The Basque Country Competitiveness Report

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In circumstances of high uncertainty, both recent performance and competitiveness fundamentals need to be well understood. Structured around our territorial competitiveness for wellbeing framework, the Basque Country Competitiveness. Report 2022 offers an analysis of the situation in the Basque Country, with the aim of identifying actions that will underpin future competitiveness beyond the current economic situation. The first chapter of this report presents an up-to-date analysis of the Basque Country’s performance in wellbeing and economic/business dimensions. The next two chapters analyse key dimensions of the structural context of the Basque Country: economic structure (Chapter 2) and demographics and personal values (Chapter 3). In turn, Chapter 4 analyses recent developments in the main indicators for the six dynamic levers of competitiveness in the Basque Country. In addition to pinpointing several specific points of action for each lever, the Report concludes with five priority cross-cutting actions to guide the activities of firms, governments and other stakeholders.

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Cultural values and the global financial crisis: a missing link?

Cited by 5 publications

References 28 publications

Culture and COVID-19: Impact of Cross-Cultural Dimensions on Behavioral Responses

Culture and COVID-19: Impact of Cross-Cultural Dimensions on Behavioral Responses

A Influência Das Dimensões Culturais Na Concentração Bancária Dos Países

2022 Basque Country Competitiveness Report. Foundations of competitiveness in times of uncertainty.

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