Journal of Scientific Papers

ECONOMICS & SOCIOLOGY


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ISSN 2071-789X



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    Centre of Sociological Research

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    University of Szczecin (Poland)


    Mykolas Romeris University (Lithuania)

     

     
     
    Alexander Dubcek University of Trencín, Faculty of Social and Economic Relations (Slovak Republic)



     
    University of Entrepreneurship and Law, (Czech Republic)

     

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Humane Orientation and Corruption in Bank Lending

Vol. 10, No 4, 2017

Siwapong Dheera-aumpon,

 

Kasetsart University,

Bangkok, Thailand,

E-mail: fecospd@ku.ac.th

E-mail: siwapongt@gmail.com

 

Humane Orientation and Corruption in Bank Lending

 

 

 

 

 


 

Abstract. Corruption in bank lending can seriously adversely affect credit allocation. Besides banking factors, national culture can also affect the corruption of bank officials. Prior studies have shown that collectivism increases bank corruption. This paper aims to assess the effects of cultural dimensions, besides collectivism, on the corruption of bank officials. Instead of using Hofstede's cultural data, this paper uses the data from the GLOBE project which is more recent and reports more cultural dimensions than Hofstede’s. Using the data covering more than 3000 firms in 32 countries, this paper finds that humane orientation increases the corruption of bank officials. The effect of humane orientation on the corruption of bank officials is not only statistically significant but also economically relevant. The magnitude of its effect is relatively comparable to that of collectivism. 

 

Received: April, 2017

1st Revision: September, 2017

Accepted: November, 2017

 

DOI: 10.14254/2071-789X.2017/10-4/11

JEL ClassificationG21, D73

Keywords: bank; corruption; culture; humane orientation