Publication: National culture and saving: How collectivism, uncertainty avoidance, and future orientation play roles
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Issued Date
2021-11-01
Resource Type
ISSN
10440283
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2-s2.0-85116064565
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Mahidol University
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SCOPUS
Bibliographic Citation
Global Finance Journal. Vol.50, (2021)
Suggested Citation
Narapong Srivisal, Kanyarat Lek Sanoran, Kanix Bukkavesa National culture and saving: How collectivism, uncertainty avoidance, and future orientation play roles. Global Finance Journal. Vol.50, (2021). doi:10.1016/j.gfj.2021.100670 Retrieved from: https://repository.li.mahidol.ac.th/handle/123456789/76873
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Title
National culture and saving: How collectivism, uncertainty avoidance, and future orientation play roles
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Abstract
This research study seeks to understand the important contribution of culture to national saving rates. Specifically, we investigate the roles of three key dimensions of culture, namely collectivism, uncertainty avoidance, and future orientation. The data of 16 countries during the period of 2010–2018 employed herein show robustly and significantly positive impact of future orientation but negative impact of uncertainty avoidance on savings ratio. However, the results concerning how collectivism plays role are not robust. With the collectivism variable from the Global Leadership and Organizational Behavior Effectiveness (GLOBE) Survey, we document negative effect on savings ratio, which is contrast to the findings of positive effect when we employ alternative measures of collectivism from two other surveys.