This book provides a comprehensive overview of the emerging field
of cultural finance. It summarizes research results of cultural
differences in financial decision making and financial markets.
Many of the results have been published in leading academic
journals over the last ten years but some are presented here for
the first time. The book is based on an international survey on
risk and time preferences - the INTRA study, conducted in 53
countries worldwide. Applications to financial markets include the
equity premium puzzle, the value premium, dividend payout policies
and asset allocations.
General
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