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Foreign bank lending: The role of home country culture during prosperous and crisis periods

Author

Listed:
  • Krzysztof Jackowicz

    (Department of Banking, Insurance and Risk, Kozminski University, Poland)

  • Oskar Kowalewski

    (IESEG School of Management and LEM-CNRS 9221, France)

  • Lukasz Kozlowski

    (Department of Banking, Insurance and Risk, Kozminski University, Poland)

Abstract

We investigated whether home country culture determines the lending behavior of foreign subsidiaries in host countries during both tranquil and difficult economic times. We employed a dataset of foreign-owned banks originating from 49 home countries and operating in 47 host countries during the period 1996–2018. We found that, in general, only certain dimensions of the home country culture of multinational banks influence lending activities of the foreign bank subsidiaries. However, the impact of home country culture strengthens significantly during crises. Interestingly, we established that the cultural values of the home country are more important than the cultural distances between home and host countries in explaining foreign bank lending attitudes.

Suggested Citation

  • Krzysztof Jackowicz & Oskar Kowalewski & Lukasz Kozlowski, 2021. "Foreign bank lending: The role of home country culture during prosperous and crisis periods," Working Papers 2021-ACF-01, IESEG School of Management.
  • Handle: RePEc:ies:wpaper:f202101
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    Keywords

    foreign bank; lending; national culture; crisis;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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