Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2052332
Cultural differences and cross-border investment project performance: an analysis of the Polish banking sector
Zbigniew Korzeb
Reyes Samaniego-Medina
Pilar Giráldez-Puig
Sažetak
In recent decades, the Polish banking sector has experienced a
large number of mergers and acquisitions (M&As) as well as the
establishment of several new banks. The success of such investment
projects can be influenced by numerous factors, including
the cultural differences between the country of the bank initiating
the transaction and Poland. The objective of this article is to
assess the influence of these cultural differences on the performance
of cross-border investment projects carried out in the Polish
banking sector from 1994 to 2018. The results of this study confirm
that cultural differences influence bank performance: the culturally
closer the countries are, the better the banks perform.
Specifically, the dimensions of power distance, individualism,
uncertainty avoidance and masculinity are the most relevant to
bank performance. Future research should be focused on determining
the role that cultural differences exert on the cross-border
consolidation of the European banking sector.
Ključne riječi
Banking sector; commercial banks; cross-border mergers and acquisitions; cultural differences; cultural dimension
Hrčak ID:
302988
URI
Datum izdavanja:
31.3.2023.
Posjeta: 205 *