#3042. National culture and the choice between bank debt and public debt

December 2026publication date
Proposal available till 30-05-2025
4 total number of authors per manuscript4500 $

The title of the journal is available only for the authors who have already paid for
Journal’s subject area:
Finance;
Economics and Econometrics;
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Abstract:
In the study, we explore the role of national culture in firms choices between bank debt and public debt. The results show that the cultural aspects of Schwartz determine the choice of debt by firms. In addition, the results show that egalitarianism has a negative and significant association with bank debt financing, while embeddedness has a positive and significant association with it.
Keywords:
Bank debt; National culture; Public debt

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