This chapter examines how cultural similarities (or differences) represented by common language roots affect economic activities. When individuals share some common linguistic repertoires, they are more inclined to develop commercial relationships and conduct business transactions than in the...

Cultural diversity - in various forms - has in recent years turned into a prominent and relevant research and policy issue. There is an avalanche of studies across many disciplines that measure and analyse cultural diversity and its impacts. Based on different perspectives and features of the...

This paper investigates how ethnic diversity, measured by the immigrants' countries of origin, influences the well-being of the host country. Using panel data from Germany for the period 1998 to 2012, we find a positive effect of ethnic diversity on the well-being of German citizens. To...

This study examines whether Hofstede’s cultural dimensions influence financial analysts’ forecasting behavior, and how cultural diversity affects the quality of consensus forecasts. I find that individualism has a positive effect on boldness, whereas uncertainty avoidance has a negative...

This study examines whether Hofstede’s cultural dimensions influence financial analysts’ forecasting behavior, and how cultural diversity affects the quality of consensus forecasts. I find that individualism has a positive effect on boldness, whereas uncertainty avoidance has a negative...