IDEAS home Printed from https://ideas.repec.org/a/rss/jnljms/v5i5p5.html
   My bibliography  Save this article

I Am, Therefore I Fail†: An Empirical Study of the Relationship between National Culture and Economic and Financial Crisis

Author

Listed:
  • Jorge F.S. Gomes
  • Joaquim Pinto Coelho

Abstract

The extent to which national culture and values are associated with economic and financial downturns has been largely unexplored in organisational studies. This reveals an important gap in the literature, which needs to be addressed, especially with regard to the recent global crisis. The goal of this text is to present the results of an empirical study designed to explore the relationships between national culture and economic crisis. The study was conducted in Portugal, which received international economic aid between 2008 and 2014, and it is original for two reasons: a) it shows how national culture is related to the various economic and financial aspects of the crisis; and, b) it studies these relationships over a period of 18 months. The research is based on a survey questionnaire for a global population, filled in by an average of 1,000 people in three key moments in time: November 2012, April 2012, and November 2013. The research was designed to capture individual perceptions regarding the economic and financial aspects of the crisis, as well as the country‟s specific cultural aspects. The results show that some perceptions of cultural aspects suffered a significant rise from moment 1 to moment 2, followed by a decrease from moment 2 to moment 3. The sharp increase of individual perceptions in moment 2 coincides with a vast array of political and fiscal changes, which had histrionic impacts on the everyday life of individuals and families. Although this paper is based on individual perceptions regarding cultural, political, and economic factors, it shows that these macro variables act in conjunction during a crisis, which has important implications for the study of culture and politics. The paper ends with a discussion of such implications.

Suggested Citation

  • Jorge F.S. Gomes & Joaquim Pinto Coelho, 2015. "I Am, Therefore I Fail†: An Empirical Study of the Relationship between National Culture and Economic and Financial Crisis," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 5(5), pages 354-371.
    • Handle: RePEc:rss:jnljms:v5i5p5
    as

    Download full text from publisher

    File URL: http://rassweb.org/admin/pages/ResearchPapers/Paper%205_1497377360.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jean-François Chanlat, 2016. "Management Theory," Post-Print hal-01780796, HAL.
    2. Cunha, Miguel Pina e, 2005. "Adopting or adapting? The tension between local and international mindsets in Portuguese management," Journal of World Business, Elsevier, vol. 40(2), pages 188-202, May.
    3. George Lan & Maureen Gowing & Sharon McMahon & Fritz Rieger & Norman King, 2008. "A Study of the Relationship Between Personal Values and Moral Reasoning of Undergraduate Business Students," Journal of Business Ethics, Springer, vol. 78(1), pages 121-139, March.
    4. Anneli Kaasa & Maaja Vadi & Urmas Varblane, 2014. "Regional Cultural Differences Within European Countries: Evidence from Multi-Country Surveys," Management International Review, Springer, vol. 54(6), pages 825-852, December.
    5. Rego, Arménio & Ribeiro, Neuza & Cunha, Miguel Pina e & Jesuino, Jorge Correia, 2011. "How happiness mediates the organizational virtuousness and affective commitment relationship," Journal of Business Research, Elsevier, vol. 64(5), pages 524-532, May.
    6. Gupta, Vipin & Hanges, Paul J. & Dorfman, Peter, 2002. "Cultural clusters: methodology and findings," Journal of World Business, Elsevier, vol. 37(1), pages 11-15, April.
    7. Vlad Vaiman & Throstur Sigurjonsson & Páll Davídsson, 2011. "Weak Business Culture as an Antecedent of Economic Crisis: The Case of Iceland," Journal of Business Ethics, Springer, vol. 98(2), pages 259-272, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Miska, Christof & Szőcs, Ilona & Schiffinger, Michael, 2018. "Culture’s effects on corporate sustainability practices: A multi-domain and multi-level view," Journal of World Business, Elsevier, vol. 53(2), pages 263-279.
    2. Bruyaka, Olga & Prange, Christiane, 2020. "International cultural ambidexterity: Balancing tensions of foreign market entry into distant and proximate cultures," Journal of Business Research, Elsevier, vol. 118(C), pages 491-506.
    3. Raquel García-García & Esteban García-Canal & Mauro F. Guillén, 2019. "International Dispersion and Profitability: An Institution-Based Approach," Management International Review, Springer, vol. 59(6), pages 855-888, December.
    4. Mark F. Peterson & Mikael Søndergaard, 2014. "Countries, Within-Country Regions, and Multiple-Country Regions in International Management: A Functional, Institutional, and Critical Event (FICE) Perspective," Management International Review, Springer, vol. 54(6), pages 781-800, December.
    5. I-Fang Cheng & Che-Jen Su & Hsin-Hsing Liao & Nicolas Lorgnier & Anne-Marie Lebrun & Wen-Shen Yen & Yi-Fang Lan & Yingfang Huang, 2019. "Adolescents’ perceptions of mother–father dominance in family vacation decisions: a 25-society study," Service Business, Springer;Pan-Pacific Business Association, vol. 13(4), pages 755-778, December.
    6. Stathopoulou, Anastasia & Balabanis, George, 2019. "The effect of cultural value orientation on consumers' perceptions of luxury value and proclivity for luxury consumption," Journal of Business Research, Elsevier, vol. 102(C), pages 298-312.
    7. Claire Edey Gamassou & Gregor Bouville & Tarik Chakor & Stéphan Pezé & Virginie Moisson, 2018. "Human Resources Management and Occupational Health: A Science of Action or Reaction? [Gestión de recursos humanos y salud ocupacional: ¿ciencia de la acción o de la reacción?]," Post-Print hal-01731077, HAL.
    8. Santana, Monica & Cobo, Manuel J., 2020. "What is the future of work? A science mapping analysis," European Management Journal, Elsevier, vol. 38(6), pages 846-862.
    9. Yucel, Ilhami & McMillan, Amy & Richard, Orlando C., 2014. "Does CEO transformational leadership influence top executive normative commitment?," Journal of Business Research, Elsevier, vol. 67(6), pages 1170-1177.
    10. Anthony Goerzen & Michael Sartor & Kristin Brandl & Stacey Fitzsimmons, 2023. "Widening the lens: Multilevel drivers of firm corporate social performance," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(1), pages 42-60, February.
    11. Lei Wang & Heikki Juslin, 2011. "The effects of value on the perception of corporate social responsibility implementation: A study of Chinese youth," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 18(4), pages 246-262, July.
    12. Kaasa, Anneli, 2016. "Culture, religion and productivity: Evidence from European regions," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 12(1), pages 1-18.
    13. Y.-F Livian, 2015. "Cultural Obstacles In Mncs? Yes, But… " Back To Basics " Guidelines For Success In Hrm In Central Europe [Des obstacles culturels dans les multinationales?oui, mais..Retour sur des repère," Post-Print halshs-01276765, HAL.
    14. Esther Roca, 2010. "The Exercise of Moral Imagination in Stigmatized Work Groups," Journal of Business Ethics, Springer, vol. 96(1), pages 135-147, September.
    15. Anneli Kaasa, 2018. "Intangible factors and productivity: Evidence from Europe at the regional level," Business and Economic Horizons (BEH), Prague Development Center, vol. 14(2), pages 300-325, April.
    16. Cathrin Söllner & Dirk Fornahl, 2021. "Unleashing Inventive Power - Solving cognitive, social and geographic distance issues with cultural proximity," Bremen Papers on Economics & Innovation 2103, University of Bremen, Faculty of Business Studies and Economics.
    17. Griffith, David A., 2011. "Insights into gaining access to export financing: Understanding export lenders' ideal exporter profile," Journal of World Business, Elsevier, vol. 46(1), pages 84-92, January.
    18. Juliana Toro-Arias & Pablo Ruiz-Palomino & María Pilar Rodríguez-Córdoba, 2022. "Measuring Ethical Organizational Culture: Validation of the Spanish Version of the Shortened Corporate Ethical Virtues Model," Journal of Business Ethics, Springer, vol. 176(3), pages 551-574, March.
    19. Laura Brancu & Svala Guðmundsdóttir & Delia Gligor & Valentin Munteanu, 2015. "Is Culture a Moderator of Entrepreneurship Motivation? A Comparative Study of Romania and Iceland," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 133-133, February.
    20. Nadine Waehning & Ibrahim Sirkeci & Stephan Dahl & Sinan Zeyneloglu, 2018. "CASE STUDY: Regional Cultural Differences Within and Across Four Western European Countries," Transnational Marketing Journal, Oxbridge Publishing House, UK, vol. 6(1), pages 23-47, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rss:jnljms:v5i5p5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Danish Khalil (email available below). General contact details of provider: http://www.rassweb.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.