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Handbook of Environmental and Sustainable Finance by Greg N. Gregoriou, Vikash Ramiah

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Chapter 12

Does National Culture Affect Attitudes toward Environment Friendly Practices?

Kartick Gupta,  and Ronald McIver     Centre for Applied Financial Studies (CAFS), School of Commerce, UniSA Business School, University of South Australia, Adelaide, SA, Australia

Abstract

In this chapter we study empirically the influence of national culture on firm-level attitudes toward environment friendly practices. We hypothesize that cultural differences across countries are significant determinants in explaining cross-country differences in firm-level environmental performance. For example, people in countries with a high uncertainty avoidance score will take steps to minimize environmental spillovers/pollution from the firm's operations that may result ...

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