The Impact of Cultural Values and Bounded Rationality on Investment Decisions

Language: German

Published by GRIN Verlag, GRIN Verlag Mär 2012, 2012

3656155232 / 9783656155232

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This item is printed on demand - Print on Demand Titel. Neuware -Masterarbeit aus dem Jahr 2011 im Fachbereich BWL - Investition und Finanzierung, Rijksuniversiteit Groningen (University of Groningen - Newcastle University), Sprache: Deutsch, Abstract: This thesis investigates cultural and cognitive behavioural determinants of Home Bias throughindividual and macro level regressions. Cultural dimensions of Project GLOBE provide the basis for the development of a relational model and the hypotheses. Through theorising this link, this thesis shows that culture has an influence specifically on investment choices, but in a wider sense on all economic choices humans undertake. The knowledge of those influences helps business managers in conducting international business by analysing local demand more accurately and gaining competitive advantages through knowledge. Although research has been conducted in this field, no approach on culture and Home Bias has aimed at incorporating all GLOBE dimensions in one model or analysed Home Bias outside of fund levels and examined the individual level. This thesis fills the gap in the literature and thereby contributes to crosscultural research. The analysis finds that on an individual level, power distance is the only significant cultural determinant of Home Bias. The macro levels yields assertiveness, performance orientation and gender egalitarianism as significant results, depending on the regression model. The significance of the findings is low and inconsistent in dimensions, which calls for better quantification models of cultural value traits in regard to economic decisions.Books on Demand GmbH, Überseering 33, 22297 Hamburg 80 pp. Deutsch.

Seller Inventory # 9783656155232

Title
The Impact of Cultural Values and Bounded Rationality on Investment Decisions
Author
Philipp Heilmann
Publisher
GRIN Verlag, GRIN Verlag Mär 2012
Publication year
2012
Condition
Neu
Binding
Taschenbuch
Language
German
ISBN 10
3656155232
ISBN 13
9783656155232
Item weight
129 grams
Dimensions
210x148x6 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Germany

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