IDEAS home Printed from https://ideas.repec.org/a/rss/jnljms/v5i5p5.html
   My bibliography  Save this article

I Am, Therefore I Fail†: An Empirical Study of the Relationship between National Culture and Economic and Financial Crisis

Author

Listed:
  • Jorge F.S. Gomes
  • Joaquim Pinto Coelho

Abstract

The extent to which national culture and values are associated with economic and financial downturns has been largely unexplored in organisational studies. This reveals an important gap in the literature, which needs to be addressed, especially with regard to the recent global crisis. The goal of this text is to present the results of an empirical study designed to explore the relationships between national culture and economic crisis. The study was conducted in Portugal, which received international economic aid between 2008 and 2014, and it is original for two reasons: a) it shows how national culture is related to the various economic and financial aspects of the crisis; and, b) it studies these relationships over a period of 18 months. The research is based on a survey questionnaire for a global population, filled in by an average of 1,000 people in three key moments in time: November 2012, April 2012, and November 2013. The research was designed to capture individual perceptions regarding the economic and financial aspects of the crisis, as well as the country‟s specific cultural aspects. The results show that some perceptions of cultural aspects suffered a significant rise from moment 1 to moment 2, followed by a decrease from moment 2 to moment 3. The sharp increase of individual perceptions in moment 2 coincides with a vast array of political and fiscal changes, which had histrionic impacts on the everyday life of individuals and families. Although this paper is based on individual perceptions regarding cultural, political, and economic factors, it shows that these macro variables act in conjunction during a crisis, which has important implications for the study of culture and politics. The paper ends with a discussion of such implications.

Suggested Citation

  • Jorge F.S. Gomes & Joaquim Pinto Coelho, 2015. "I Am, Therefore I Fail†: An Empirical Study of the Relationship between National Culture and Economic and Financial Crisis," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 5(5), pages 354-371.
    • Handle: RePEc:rss:jnljms:v5i5p5
    as

    Download full text from publisher

    File URL: http://rassweb.org/admin/pages/ResearchPapers/Paper%205_1497377360.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Anneli Kaasa & Maaja Vadi & Urmas Varblane, 2014. "Regional Cultural Differences Within European Countries: Evidence from Multi-Country Surveys," Management International Review, Springer, vol. 54(6), pages 825-852, December.
    2. Rego, Arménio & Ribeiro, Neuza & Cunha, Miguel Pina e & Jesuino, Jorge Correia, 2011. "How happiness mediates the organizational virtuousness and affective commitment relationship," Journal of Business Research, Elsevier, vol. 64(5), pages 524-532, May.
    3. Gupta, Vipin & Hanges, Paul J. & Dorfman, Peter, 2002. "Cultural clusters: methodology and findings," Journal of World Business, Elsevier, vol. 37(1), pages 11-15, April.
    4. Jean-François Chanlat, 2016. "Management Theory," Post-Print hal-01780796, HAL.
    5. Cunha, Miguel Pina e, 2005. "Adopting or adapting? The tension between local and international mindsets in Portuguese management," Journal of World Business, Elsevier, vol. 40(2), pages 188-202, May.
    6. George Lan & Maureen Gowing & Sharon McMahon & Fritz Rieger & Norman King, 2008. "A Study of the Relationship Between Personal Values and Moral Reasoning of Undergraduate Business Students," Journal of Business Ethics, Springer, vol. 78(1), pages 121-139, March.
    7. Vlad Vaiman & Throstur Sigurjonsson & Páll Davídsson, 2011. "Weak Business Culture as an Antecedent of Economic Crisis: The Case of Iceland," Journal of Business Ethics, Springer, vol. 98(2), pages 259-272, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Raquel García-García & Esteban García-Canal & Mauro F. Guillén, 2019. "International Dispersion and Profitability: An Institution-Based Approach," Management International Review, Springer, vol. 59(6), pages 855-888, December.
    2. Mark F. Peterson & Mikael Søndergaard, 2014. "Countries, Within-Country Regions, and Multiple-Country Regions in International Management: A Functional, Institutional, and Critical Event (FICE) Perspective," Management International Review, Springer, vol. 54(6), pages 781-800, December.
    3. Miska, Christof & Szőcs, Ilona & Schiffinger, Michael, 2018. "Culture’s effects on corporate sustainability practices: A multi-domain and multi-level view," Journal of World Business, Elsevier, vol. 53(2), pages 263-279.
    4. Bruyaka, Olga & Prange, Christiane, 2020. "International cultural ambidexterity: Balancing tensions of foreign market entry into distant and proximate cultures," Journal of Business Research, Elsevier, vol. 118(C), pages 491-506.
    5. Santana, Monica & Cobo, Manuel J., 2020. "What is the future of work? A science mapping analysis," European Management Journal, Elsevier, vol. 38(6), pages 846-862.
    6. Anthony Goerzen & Michael Sartor & Kristin Brandl & Stacey Fitzsimmons, 2023. "Widening the lens: Multilevel drivers of firm corporate social performance," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(1), pages 42-60, February.
    7. Lei Wang & Heikki Juslin, 2011. "The effects of value on the perception of corporate social responsibility implementation: A study of Chinese youth," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 18(4), pages 246-262, July.
    8. Anneli Kaasa, 2018. "Intangible factors and productivity: Evidence from Europe at the regional level," Business and Economic Horizons (BEH), Prague Development Center, vol. 14(2), pages 300-325, April.
    9. Griffith, David A., 2011. "Insights into gaining access to export financing: Understanding export lenders' ideal exporter profile," Journal of World Business, Elsevier, vol. 46(1), pages 84-92, January.
    10. Juliana Toro-Arias & Pablo Ruiz-Palomino & María Pilar Rodríguez-Córdoba, 2022. "Measuring Ethical Organizational Culture: Validation of the Spanish Version of the Shortened Corporate Ethical Virtues Model," Journal of Business Ethics, Springer, vol. 176(3), pages 551-574, March.
    11. Laura Brancu & Svala Guðmundsdóttir & Delia Gligor & Valentin Munteanu, 2015. "Is Culture a Moderator of Entrepreneurship Motivation? A Comparative Study of Romania and Iceland," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 133-133, February.
    12. Hyde, Martin & Jappinen, Paavo & Theorell, Tores & Oxenstierna, Gabriel, 2006. "Workplace conflict resolution and the health of employees in the Swedish and Finnish units of an industrial company," Social Science & Medicine, Elsevier, vol. 63(8), pages 2218-2227, October.
    13. Grueso Gala, Melanie & Camisón Zornoza, César, 2022. "A bibliometric analysis of the literature on non-financial information reporting: Review of the research and network visualization," Cuadernos de Gestión, Universidad del País Vasco - Instituto de Economía Aplicada a la Empresa (IEAE).
    14. Weber, Clarissa E. & Chahabadi, Dominik & Maurer, Indre, 2020. "Antecedents and performance effect of managerial misperception of institutional differences," Journal of World Business, Elsevier, vol. 55(1).
    15. K. Praveen Parboteeah & Matthias Weiss & Martin Hoegl, 2024. "Ethical Climates Across National Contexts: A Meta-Analytical Investigation," Journal of Business Ethics, Springer, vol. 189(3), pages 573-590, January.
    16. Rouziès, Dominique & Onyemah, Vincent & Panagopoulos, Nikolaos, 2008. "How HRM control affects boundary-spanning employees’ behavioural strategies and satisfaction : The moderating impact of cultural performance orientation," HEC Research Papers Series 895, HEC Paris.
    17. Ogliastri, Enrique & Quintanilla, Carlos & Benetti, Sara, 2023. "International negotiation prototypes: The impact of culture," Journal of Business Research, Elsevier, vol. 159(C).
    18. Rachel S. Shinnar & Olivier Giacomin & Frank Janssen, 2012. "Entrepreneurial Perceptions and Intentions: The Role of Gender and Culture," Entrepreneurship Theory and Practice, , vol. 36(3), pages 465-493, May.
    19. Hong, Sungjin J. & Lee, Seung-Hyun, 2015. "Reducing cultural uncertainty through experience gained in the domestic market," Journal of World Business, Elsevier, vol. 50(3), pages 428-438.
    20. George Lan & Zhenzhong Ma & JianAn Cao & He Zhang, 2009. "A Comparison of Personal Values of Chinese Accounting Practitioners and Students," Journal of Business Ethics, Springer, vol. 88(1), pages 59-76, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rss:jnljms:v5i5p5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Danish Khalil (email available below). General contact details of provider: http://www.rassweb.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.