Do national culture and board attributes influence corporate investment decisions?
ISSN: 1472-0701
Article publication date: 16 January 2023
Issue publication date: 24 April 2023
Abstract
Purpose
The purpose of this paper is to study the relationship between board attributes and national culture on firms’ investment decisions.
Design/methodology/approach
The study used data from listed firms from seven Sub-Saharan Africa countries. Descriptive analysis was performed to provide the background statistics of the variables examined. This was followed by regression analysis, which constitutes the main data analysis.
Findings
The multiple regression analysis results indicate a negative relationship between uncertainty avoidance (UAI) and corporate investment decisions. The study also found that there is a negative relationship between the interaction between UAI and the number of independent board members and corporate investment decisions.
Originality/value
This study is one of the few to measure the influence of governance variables and national culture on corporate investment decisions in Sub-Sahara Africa.
Keywords
Acknowledgements
This research work has been carried out based on the support of Woosong University's Academic Research Funding (2022).
Citation
Agyei-Mensah, B.K. (2023), "Do national culture and board attributes influence corporate investment decisions?", Corporate Governance, Vol. 23 No. 4, pp. 827-844. https://doi.org/10.1108/CG-01-2022-0026
Publisher
:Emerald Publishing Limited
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