Research Review: Cultural distance and investing behaviour

Rob Hamshar  |  Portfolio Construction Forum  |  30 October 2020  |  1.00 CE

Culture explains much about how individuals in (or from) a society think, feel, and behave. Similarly, “cultural distance” between two societies - for example, how “far apart” two societies are in terms of cultural variables such as language, values, institutions, norms - influences how (and how much) individuals from those societies might understand and interact with each other.

Two papers, both published in 2015, explore the influence of culture and cultural distance in a financial context.

The first paper explores how cultural dimensions can pr...

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