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Culture, Institutions, and Firm Performance

Culture, Institutions, and Firm Performance We examine the relationship between institutions, cultural dimensions, and firm performance. Using firm-level data from 74 countries, we show that while institutions matter for firm performance, these institutions themselves are influenced by different cultural attributes. These results also vary with industry: while improvements in the overall quality of institutions benefit manufacturing and construction firms, better institutions do not seem to have similar impact in the service and agriculture sectors. Institutions also have different impacts in different geographical regions. These results provide additional support to the popular view that institutional reforms should be country-specific. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Eastern Economic Journal Springer Journals

Culture, Institutions, and Firm Performance

Faruq, Hasan; Weidner, Margaret
Eastern Economic Journal , Volume 44 (4) – Apr 12, 2017
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References (15)

Publisher
Springer Journals
Copyright
Copyright © 2017 by EEA
Subject
Economics; Economics, general; Economic Theory/Quantitative Economics/Mathematical Methods
ISSN
0094-5056
eISSN
1939-4632
DOI
10.1057/s41302-016-0087-5
Publisher site
See Article on Publisher Site

Abstract

We examine the relationship between institutions, cultural dimensions, and firm performance. Using firm-level data from 74 countries, we show that while institutions matter for firm performance, these institutions themselves are influenced by different cultural attributes. These results also vary with industry: while improvements in the overall quality of institutions benefit manufacturing and construction firms, better institutions do not seem to have similar impact in the service and agriculture sectors. Institutions also have different impacts in different geographical regions. These results provide additional support to the popular view that institutional reforms should be country-specific.

Journal

Eastern Economic Journal – Springer Journals

Published: Apr 12, 2017

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