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...

Not yet a Member? It’s quick and free to join. Already a member? Please log in.

What's new with our live and on-demand continuing education, accreditation and certification programs.

Led by behavioural finance expert, Herman Brodie, the Behavioural Finance - Investment Decision-Making course will help you identify, analyse and evaluate the principal human preferences that influence decision-making in situations of uncertainty, so you can recognise and identify these preferences in others, to improve investment decision-making.