Influence of National Culture on Accounting Conservatism and Risk-Taking in the Banking Industry
利用跨国银行样本，研究个人主义和不确定性规避两种文化维度如何影响银行的会计稳健性和风险承担行为，发现个人主义与稳健性负相关、与风险承担正相关，不确定性规避则相反，且高风险文化在金融危机中导致更多银行倒闭。
ABSTRACT Using an international sample of banks and country-level indices for individualism and uncertainty avoidance as proxies for national culture, we study how differences in culture across countries affect accounting conservatism and bank risk-taking. Consistent with expectations, our cross-country analysis indicates that individualism is negatively (positively) related to conservatism (risk-taking) and uncertainty avoidance is positively (negatively) related to conservatism (risk-taking). We also find that cultures that encourage higher risk-taking experienced more bank failures and bank troubles during the recent financial crisis. Data Availability: Data are available from the sources identified in the text.