The effect of individualism on bribery risks
Cultural difference has emerged as one of the most powerful factors of corruption and institutional quality among the broadly recognized range of factors such as the level of economic development, type of institutions, disease environment, political backgrounds and colonial histories. The role of ho...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
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Nanyang Technological University
2020
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/139854 |
| _version_ | 1826112449414168576 |
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| author | Tan, Dennis Cher Jing Tan, Joan Wei Ling Ng, Kenneth Cheng Hang |
| author2 | James Ang |
| author_facet | James Ang Tan, Dennis Cher Jing Tan, Joan Wei Ling Ng, Kenneth Cheng Hang |
| author_sort | Tan, Dennis Cher Jing |
| collection | NTU |
| description | Cultural difference has emerged as one of the most powerful factors of corruption and institutional quality among the broadly recognized range of factors such as the level of economic development, type of institutions, disease environment, political backgrounds and colonial histories. The role of how individualism could affect bribery risks in international business transactions among countries remains relatively unexplored and elusive. Moreover, individualism is recognised as the most significant cultural dimension by cross-cultural psychologists. This paper attempts to fill this gap in the literature by exploring the repercussions of a specific aspect of culture - individualism on the level of bribery risks, which is one of the distinctive measures of corruption. We hypothesise that the effect of individualism should exert a negative impact on countries’ bribery risks. Using the TRACE Bribery Risk Matrix for the years 2014 to 2018 for 99 countries to measure bribery risks, our empirical evidence supports the notion that individualistic cultures are associated with lower bribery risks. This can be further explained especially in countries possessing high scores for certain economic characteristics such as high GDP growth and average years of schooling. Overall, our research supports existing literature which argued that cultural factors have a crucial effect on the development of institutional quality. |
| first_indexed | 2024-10-01T03:07:12Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/139854 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:07:12Z |
| publishDate | 2020 |
| publisher | Nanyang Technological University |
| record_format | dspace |
| spelling | ntu-10356/1398542020-10-14T07:39:26Z The effect of individualism on bribery risks Tan, Dennis Cher Jing Tan, Joan Wei Ling Ng, Kenneth Cheng Hang James Ang School of Social Sciences james.ang@ntu.edu.sg Social sciences::Economic development Social sciences::Economic theory Cultural difference has emerged as one of the most powerful factors of corruption and institutional quality among the broadly recognized range of factors such as the level of economic development, type of institutions, disease environment, political backgrounds and colonial histories. The role of how individualism could affect bribery risks in international business transactions among countries remains relatively unexplored and elusive. Moreover, individualism is recognised as the most significant cultural dimension by cross-cultural psychologists. This paper attempts to fill this gap in the literature by exploring the repercussions of a specific aspect of culture - individualism on the level of bribery risks, which is one of the distinctive measures of corruption. We hypothesise that the effect of individualism should exert a negative impact on countries’ bribery risks. Using the TRACE Bribery Risk Matrix for the years 2014 to 2018 for 99 countries to measure bribery risks, our empirical evidence supports the notion that individualistic cultures are associated with lower bribery risks. This can be further explained especially in countries possessing high scores for certain economic characteristics such as high GDP growth and average years of schooling. Overall, our research supports existing literature which argued that cultural factors have a crucial effect on the development of institutional quality. Bachelor of Arts in Economics 2020-05-22T05:23:16Z 2020-05-22T05:23:16Z 2020 Final Year Project (FYP) https://hdl.handle.net/10356/139854 en HE_1AY1920_5 application/pdf Nanyang Technological University |
| spellingShingle | Social sciences::Economic development Social sciences::Economic theory Tan, Dennis Cher Jing Tan, Joan Wei Ling Ng, Kenneth Cheng Hang The effect of individualism on bribery risks |
| title | The effect of individualism on bribery risks |
| title_full | The effect of individualism on bribery risks |
| title_fullStr | The effect of individualism on bribery risks |
| title_full_unstemmed | The effect of individualism on bribery risks |
| title_short | The effect of individualism on bribery risks |
| title_sort | effect of individualism on bribery risks |
| topic | Social sciences::Economic development Social sciences::Economic theory |
| url | https://hdl.handle.net/10356/139854 |
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