Risk-taking of the European Banks in CEECs : The role of national culture and stake vs shareholder view

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dc.contributor.authorSist, Federica
dc.contributor.authorKalmi, Panu
dc.contributor.departmentfi=Ei tutkimusalustaa|en=No platform|-
dc.contributor.editorCarretta, Alessandro
dc.contributor.editorFiordelisi, Franco
dc.contributor.editorSchwizer, Paola
dc.contributor.facultyfi=Laskentatoimen ja rahoituksen yksikkö|en=School of Accounting and Finance|-
dc.contributor.organizationfi=Vaasan yliopisto|en=University of Vaasa|
dc.date.accessioned2020-01-09T12:45:21Z
dc.date.accessioned2025-06-25T13:29:25Z
dc.date.available2020-01-09T12:45:21Z
dc.date.issued2017-10-12
dc.description.abstractThe European bank system needs to consider the openness of markets of Central and Eastern European countries (CEECs) above other forces among which competition, crises and regulation. This chapter has the aims to understand the impact of national culture on risk-taking by European banks with branches and subsidiaries in CEECs as well as the ownership effects (shareholders, stakeholders). The sample is composed of 328 Eastern European banks in 13 countries and data are from Bankscope. The two measures of culture individualism and power distance affect significantly the risk-taking measured by z-score, while EBRD index records a positive relation. The results on SHV and STV suggest that banks with cooperative BHCs in CEECs have the same behaviour as commercial banks in facing cultural characteristics of a host country.-
dc.description.reviewstatusfi=vertaisarvioitu|en=peerReviewed|-
dc.format.bitstreamtrue
dc.format.contentfi=kokoteksti|en=fulltext|-
dc.format.extent23-
dc.format.pagerange241-257-
dc.identifier.isbn978-3-319-57592-6-
dc.identifier.olddbid11093
dc.identifier.oldhandle10024/10195
dc.identifier.urihttps://osuva.uwasa.fi/handle/11111/2192
dc.identifier.urnURN:NBN:fi-fe202001273560-
dc.language.isoeng-
dc.publisherPalgrave Macmillan, Cham-
dc.relation.doi10.1007/978-3-319-57592-6_11-
dc.relation.isbn978-3-319-57591-9-
dc.relation.ispartofRisk Culture in Banking-
dc.relation.ispartofseriesPalgrave Macmillan Studies in Banking and Financial Institutions-
dc.relation.urlhttps://doi.org/10.1007/978-3-319-57592-6_11-
dc.source.identifierhttps://osuva.uwasa.fi/handle/10024/10195
dc.subjectculture-
dc.subjectrisk culture-
dc.subjectrisk taking-
dc.subjectsubsidiaries-
dc.subjectbranches-
dc.subjectinternationalization of banks-
dc.subjectownership impact-
dc.subjectmarket reforms-
dc.subjectliberalization-
dc.subject.disciplinefi=Taloustiede|en=Economics|-
dc.titleRisk-taking of the European Banks in CEECs : The role of national culture and stake vs shareholder view-
dc.type.okmfi=A3 Kirjan tai muun kokoomateoksen osa|en=A3 Peer-reviewed book section|sv=A3 Del av bok eller annat samlingsverk|-
dc.type.publicationarticle-
dc.type.versionacceptedVersion-

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