Does national culture affect corporate innovation? International evidence

Boubakri, Narjess; Chkir, Imed; Saadi, Samir; Zhu, Haiyong

doi:10.1016/j.jcorpfin.2020.101847

Cited by 71 publications

(37 citation statements)

References 74 publications

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“…Our results show that organizational models, in particular the type of management, seem to play a role in determining the level of efficiency of urban rail companies, as discussed by [13,14,17]. As shown, most of the indicators support the conclusion of a higher level of efficiency in privately managed firms, confirming the previous findings of [5,13,14]. In fact, as discussed in the literature, most studies (e.g., [25,27]) claim that the private sector is typically able to bring higher levels of productivity and social welfare.…”

Section: Resultssupporting

confidence: 88%

“…Two major motivations underpin the use of Public Private Partnerships (PPP) and concessions (e.g., [3,4]): (i) overcoming public budget constraints by using private sector funding, even if at a higher interest rate; and (ii) improving service at a reduced cost to end users by utilizing private sector management, knowhow, expertise, and competition to would boost efficiency and encourage innovation. Some authors also argue that private ownership is associated with more efficient debt structures, which results in higher operational efficiency (see [5]).…”

Section: Introductionmentioning

confidence: 99%

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Empirical Analysis of the Effects of Ownership Model (Public vs. Private) on the Efficiency of Urban Rail Firms

et al. 2021

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The discussion over public vs. private management in the operation of public transport has been on the research agenda for the past decade. Several studies have analyzed the benefits of private management; however, no study has analyzed the effects of the management model while controlling for other external factors such as economic crises and political factors. This study intends to focus on the impact of the ownership model (public vs. private) of urban rail firms on their efficiency, while expanding the existing literature by controlling for economic and political factors. The methodology consisted of the calculation of DEA scores and subsequent use of regression analysis to identify the main determinants. We used a data set of four Portuguese rail firms during the period 2009–2018 along with five distinct efficiency scores. The results show that privately managed firms tend to be more efficient, but with distinct behavior depending on the economic cycle. In periods of growing GDP, private firms lose their potential superiority over public firms. The results also show that election years and unemployment rate also play a role in understanding the efficiency scores of these firms.

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Section: Resultssupporting

confidence: 88%

Section: Introductionmentioning

confidence: 99%

Empirical Analysis of the Effects of Ownership Model (Public vs. Private) on the Efficiency of Urban Rail Firms

et al. 2021

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“…The model is highly applicable, which can not only reflect the connection between the stability and flexibility of the enterprise but also reflect the internal and external concerns of the enterprise. He also analyzed the effectiveness of corporate culture and corporate organization from four levels (consistency, mission, adaptability, and participation), and on this basis, he divided the evaluation model structure into 12 specific aspects [ 15 ]. As can be seen from the above figure, the two cultural characteristics on the left and the right, respectively, reflect the flexibility, change, and stability of the enterprise.…”

Section: Corporate Culturementioning

confidence: 99%

The Influence of Enterprise Culture Innovation on Organizational Knowledge Creation and Innovation under the Ecological Environment

Yuan

Chen

2022

Journal of Environmental and Public Health

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With the continuous development of economy and society, ecological environmental governance has been put on the priority agenda. In the process of ecological environmental governance, the state, society, and enterprises bear different responsibilities, respectively. As the main body of social economy, in the development of enterprises, the protection of ecological environment is the due meaning of enterprise culture is always paid attention. Whether enterprises can achieve success is not only directly affected by the development strategy, management mode, business philosophy, management tools, and other aspects but also indirectly affected by its own cultural construction level. Although corporate culture has changed due to the development of the network environment, the challenges of corporate culture innovation in terms of values and cultural conflicts should not be underestimated. It can not only enhance the centripetal force of all the employees but also enhance the competitive advantage of the enterprise. In addition, corporate culture also plays a positive role in enhancing office efficiency and increasing production capacity and output. Starting from the role of corporate culture, this study studies the characteristics of corporate culture under the background of implementing ecological environmental governance, addresses the challenges of corporate culture innovation in the new environment, and puts forward the measures of corporate cultural innovation, which provides reference for corporate culture innovation.

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“…Unstructured circumstances are novel, unfamiliar, shocking, or out of the ordinary [ 26 , 27 ]. Uncertainty avoidance culture aims to reduce the potential of such circumstances by tight laws and standards, as well as safety and security measures, while countries with high uncertainty avoidance are also more emotional and motivated by inner nervous energy [ 28 ].…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Uncertainty avoidance and investment underdiversification

Tang

Zhou

2022

PLoS ONE

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The relationship between the cultural dimension of uncertainty avoidance and investment underdiversification is examined. A theoretical link between uncertainty avoidance and ambiguity is established, that is, cultural uncertainty avoidance captures the aversion attitude towards ambiguity at the national group level, thus, cultural dimension of uncertainty avoidance influences investors’ behavioral biases of home bias and the investment abroad concentration. The empirical results show that investment underdiversification is significantly and positively affected by the degree of uncertainty avoidance and robustness tests support this conclusion. A further analysis reveals that uncertainty avoidance moderates the effects of ambiguity on investment underdiversification, whereas the effects of uncertainty avoidance are mediated by the status quo bias.

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Does national culture affect corporate innovation? International evidence

Cited by 71 publications

References 74 publications

Empirical Analysis of the Effects of Ownership Model (Public vs. Private) on the Efficiency of Urban Rail Firms

Empirical Analysis of the Effects of Ownership Model (Public vs. Private) on the Efficiency of Urban Rail Firms

The Influence of Enterprise Culture Innovation on Organizational Knowledge Creation and Innovation under the Ecological Environment

Uncertainty avoidance and investment underdiversification

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