CEO culture, corruption and firm performance

CEO culture, corruption and firm performance

This paper examines the impact of CEO culture on firm performance in a high-corruption environment. We find that corruption negatively affects firm performance. However, we also find that, in a business environment where corruption is prevalent, power distance culture leads to a beneficial impact on...

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Veröffentlicht in:Applied economics letters 2022-04, Vol.29 (7), p.630-634
Hauptverfasser: Nguyen, Hieu Thanh, Trang Vu, Kieu, Nguyen, Loan Quynh Thi, Luu, Hiep Ngoc
Format: Artikel
Sprache:eng
Schlagworte:
CEO culture
Corruption
Culture
Economic analysis
Economic theory
Economics
firm performance
Individualism
Masculinity
Organizational performance
Uncertainty
Vietnam
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Zusammenfassung:This paper examines the impact of CEO culture on firm performance in a high-corruption environment. We find that corruption negatively affects firm performance. However, we also find that, in a business environment where corruption is prevalent, power distance culture leads to a beneficial impact on firm performance. On the other hand, individualism, masculinity and uncertainty avoidance culture have the opposite effect.
ISSN:1350-4851
1466-4291
DOI:10.1080/13504851.2021.1881429