National Culture,Religion and Bank Risk-taking

• Main Authors: CHANG,YA-CHING, 張雅晴
• Other Authors: LIN,WEN-CHANG
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/9bq934

碩士 === 國立中正大學 === 財務金融系研究所 === 107 === Most prior studies examined bank risk-taking in either corporate governance or regulatory perspectives. The investigation of how national culture impact bank risk-taking is relatively few. This thesis examines if national culture can influence bank risk-taking. This study also considers the influence of religion, a reflection of national culture, on bank risk taking. Using a sample of 494 banks from 37 countries during the period of 2013-2017, we examine if national culture and religion affect bank risk-taking. Four national culture dimensions (uncertainty avoidance index, individualism vs. collectivism, masculinity vs. femininity and power distance index) by Hofstede, and four major religions (Catholic/Orthodox, Protestant, Muslim and Eastern Religion) are considered concurrently. Our empirical results suggest that masculinity has a significantly negative association with bank risk-taking while individualism and power distance index have ambiguous association with bank risk-taking. We also find that the extent of bank risk-taking is more pronounced in Protestant-based countries but is indifferent in Catholic and Islam-based countries. Last, the relationship between bank risk-taking and religion in Eastern Religion-based countries is unclear.