RT Journal Article
T1 Cultural differences and cross-border investment project performance: an analysis of the Polish banking sector
T2 Cultural differences and cross-border investment project performance
A1 Korzeb, Z.
A1 Samaniego-Medina, Reyes
A1 Giráldez, Pilar
K1 Banking sector
K1 Commercial banks
K1 Cross-border mergers and acquisitions
K1 Cultural differences
K1 Cultural dimension
AB In recent decades, the Polish banking sector has experienced a large number of mergers and acquisitions (M&As) as well as the establishment of several new banks. The success of such investment projects can be influenced by numerous factors, including the cultural differences between the country of the bank initiating the transaction and Poland. The objective of this article is to assess the influence of these cultural differences on the performance of cross-border investment projects carried out in the Polish banking sector from 1994 to 2018. The results of this study confirm that cultural differences influence bank performance: the culturally closer the countries are, the better the banks perform. Specifically, the dimensions of power distance, individualism, uncertainty avoidance and masculinity are the most relevant to bank performance. Future research should be focused on determining the role that cultural differences exert on the cross-border consolidation of the European banking sector.
PB Taylor & Francis
SN 1331-677X
YR 2022
FD 2022-03-21
LK https://hdl.handle.net/10433/21486
UL https://hdl.handle.net/10433/21486
LA en
NO Korzeb, Z., Samaniego-Medina, R., & Giráldez-Puig, P. (2022). Cultural differences and cross-border investment project performance: an analysis of the Polish banking sector. Economic research-Ekonomska istraživanja, 35(1), 6579-6600.
NO Proyectos de investigaciónResearch project Ref. PID2021-128420OB-I00 funded by MCIN/AEI/ 10.13039/501100011033 and by “ERDF A way of making Europe”Research project funded by Consejería de Universidad, Investigación e Innovación (Junta de Andalucia, PAIDI 2021) Ref. “ProyExcel_00934”
NO Departamento de Economía Financiera y Contabilidad
DS RIO
RD May 8, 2026