Among the researches dedicated to the risk management in banks, there are not many analyses made from cultural point of view. The author attempts to assess the attitude to credit risk in the Polish banking system, in ...Among the researches dedicated to the risk management in banks, there are not many analyses made from cultural point of view. The author attempts to assess the attitude to credit risk in the Polish banking system, in terms of cultural factors influencing the approach to this issue. The purpose of this paper is focused on testing the hypothesis that foreign owners of banks （headquarters） transfer elements of their national culture to its subsidiaries operating in Poland. It is done by analysis of statistical correlations between the indexes defining the main characteristics of national cultures and the actual financial performance indicators reached by selected banks in the period from 2004 to 2010 in Poland. The study objectives are the following： Firstly, whether the owners from different countries transfer their cultural attitude to risk to subordinate daughter-banks in Poland. The second question concerns the relevance of uncertainty avoidance and individualism/collectivism concepts of two, to some extent, competing approaches. The findings say that the regularity of the transfer of the cultural attitude to credit risk from the parent banks to their subsidiaries is confirmed by interviews with senior managers, but it is only partially reflected in the statistics. Main outcomes of the study propose that the cultural factors of bank risk management policy shouldn＇t be ignored and developed in other cross-cultural research areas, e.g. ethnocentrism. Generally, these studies are present lessons for companies, investors, and policymakers, but the usefulness of these implications varies.展开更多
文摘Among the researches dedicated to the risk management in banks, there are not many analyses made from cultural point of view. The author attempts to assess the attitude to credit risk in the Polish banking system, in terms of cultural factors influencing the approach to this issue. The purpose of this paper is focused on testing the hypothesis that foreign owners of banks （headquarters） transfer elements of their national culture to its subsidiaries operating in Poland. It is done by analysis of statistical correlations between the indexes defining the main characteristics of national cultures and the actual financial performance indicators reached by selected banks in the period from 2004 to 2010 in Poland. The study objectives are the following： Firstly, whether the owners from different countries transfer their cultural attitude to risk to subordinate daughter-banks in Poland. The second question concerns the relevance of uncertainty avoidance and individualism/collectivism concepts of two, to some extent, competing approaches. The findings say that the regularity of the transfer of the cultural attitude to credit risk from the parent banks to their subsidiaries is confirmed by interviews with senior managers, but it is only partially reflected in the statistics. Main outcomes of the study propose that the cultural factors of bank risk management policy shouldn＇t be ignored and developed in other cross-cultural research areas, e.g. ethnocentrism. Generally, these studies are present lessons for companies, investors, and policymakers, but the usefulness of these implications varies.
