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ABSTRACT
This paper examines the impact of CEO culture on firm performance in a high-corruption environment. We find that corruption negatively affects firm performance. However, we also find that, in a business environment where corruption is prevalent, power distance culture leads to a beneficial impact on firm performance. On the other hand, individualism, masculinity and uncertainty avoidance culture have the opposite effect.
Disclosure statement
No potential conflict of interest was reported by the authors.
Supplementary material
Supplemental data for this article can be accessed here.
Additional information
Funding
This research is funded by Vietnam National Foundation for Science and Technology Development (NAFOSTED) under [Grant No. 502.02-2020.09].
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