|کد مقاله||کد نشریه||سال انتشار||مقاله انگلیسی||ترجمه فارسی||نسخه تمام متن|
|1002867||1377580||2017||6 صفحه PDF||سفارش دهید||دانلود رایگان|
This paper uses the data from 37 emerging markets and shows that national cultures play important role in determining sensitivity of investment to stock prices during the period between 2008 and 2014. We show that investments of firms headquartered in cultures with high power distance, high individualism, and high pragmatism (high uncertainty avoidance, high masculinity, and high indulgence) are significantly less (more) sensitive to their stock prices than that of firms headquartered in their counterpart cultures.
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Journal: Research in International Business and Finance - Volume 39, Part A, January 2017, Pages 41–46