Does political risk affect corporate culture?

IF 6.3 2区经济学 Q1 BUSINESS, FINANCE

Research in International Business and Finance Pub Date : 2025-06-01 DOI:10.1016/j.ribaf.2025.102988

Gang Zhao, Shengyan Xu, Li Sun

引用次数: 0

Abstract

Using a sample encompassing 52,707 firm-year observations for the period of 2002–2021, we investigate the influence of political risk on culture at the company level. Our analysis reveals a significant and positive relation between company-level political risk and corporate culture, indicating that public companies facing heightened political risk tend to exhibit a more robust corporate culture. This evidence highlights the significance of a strong corporate culture in bolstering firm performance and reducing the adverse effects of political uncertainty. Furthermore, our research indicates that the positive link between company-level political risk and corporate culture is amplified for companies with weaker earnings performance.

查看原文本刊更多论文

政治风险会影响企业文化吗？

利用2002-2021年期间52,707个公司年度观察样本，我们调查了政治风险对公司层面文化的影响。我们的分析表明，公司层面的政治风险与企业文化之间存在显著的正相关关系，这表明面临更高政治风险的上市公司往往表现出更强大的企业文化。这一证据强调了强大的企业文化在提高企业绩效和减少政治不确定性的不利影响方面的重要性。此外，我们的研究表明，公司层面的政治风险与企业文化之间的正相关关系在盈利表现较弱的公司中被放大。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Research in International Business and Finance BUSINESS, FINANCE-

CiteScore

11.20

自引率

9.20%

发文量

240

期刊介绍： Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance