National culture, corporate governance and corruption: a cross-country analysis

Boateng, A., Wang, Y. ORCID: 0000-0001-5438-4255, Ntim, C. and Glaister, K.W., 2020. National culture, corporate governance and corruption: a cross-country analysis. International Journal of Finance and Economics. ISSN 1076-9307

1341342_a843_Wang.pdf - Published version

Download (1MB) | Preview


Drawing on institutional theory, we examine the impact of corporate governance (CG) on corruption. The interaction effects of national culture and CG on corruption are also examined. By employing a dataset of 149 countries, our baseline findings indicate that the quality of CG practices reduces the level of corruption. Findings also show that three cultural dimensions, namely, power distance, individualism and indulgence moderate the CG-corruption nexus. Our findings indicate that CG and national culture explain the level of corruption among societies, with national culture appearing to matter more than the quality of CG. Our findings remain unchanged after controlling for endogeneities, country-level factors, CG and corruption proxies.

Item Type: Journal article
Publication Title: International Journal of Finance and Economics
Creators: Boateng, A., Wang, Y., Ntim, C. and Glaister, K.W.
Publisher: Wiley
Date: 4 August 2020
ISSN: 1076-9307
Rights: © 2020 the authors. International Journal of Finance & Economics published by John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution‐NonCommercial‐NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non‐commercial and no modifications or adaptations are made.
Divisions: Schools > Nottingham Business School
Record created by: Linda Sullivan
Date Added: 06 Jul 2020 07:43
Last Modified: 31 May 2021 15:17

Actions (login required)

Edit View Edit View


Views per month over past year


Downloads per month over past year