CULTURAL DETERMINISM AND SYSTEMATIC RISK OF GLOBAL STOCK EXCHANGES

Abstract

This study relates to the international differences in the systematic risk of global stock exchanges to cultural differences. The results show that the level of the systematic risk of stock exchanges was influenced by various cultural dimensions. Cultural differences create different social environments for the demand and supply of securities by global stock exchanges.

Citation

Riahi‐Belkaoui, A. (1998), "CULTURAL DETERMINISM AND SYSTEMATIC RISK OF GLOBAL STOCK EXCHANGES", International Journal of Commerce and Management, Vol. 8 No. 3/4, pp. 102-108. https://doi.org/10.1108/eb047377