Combining Economic and Cultural Perspectives on NPL Analysis: A Case Study
1 M.Sc in Banking, Hellenic Open University, Greece;
2 Ass Prof. of Development Finance, Department of Economics, National and Kapodistrian University of Athens, Greece
3 Visiting Professor, Department of Economics, National and Kapodistrian University of Athens, Greece;
* Corresponding author:
Received: 17 Mar 2021 / Accepted: 5 Jul 2021 / Published: 16 Jul 2021
Abstract
This paper attempts to empirically investigate and interpret the NPLs of EU countries based on a combination of economic and socio-cultural characteristics, as depicted by Hofstede’s “6 Cultural Dimensions”. Estimates are made for the period 2000–2019 for eight EU countries, four of which are in Southern Europe (Greece, Italy, Spain, Portugal) and four are in Central Europe (Germany, France, the Netherlands and Belgium). Special emphasis is placed on Greece, due to the importance of NPLs in this country. The findings are in accordance with those of previous relevant research, and the combination of economic and cultural characteristics provided a more in-depth NPL analysis.
Keywords: cultural background; NPLs; economic factors; Hofstede dimensions
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This is an open access article distributed under the Creative Commons Attribution
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CITE
Kritikou, P.; Boufounou, P.; Toudas, K. Combining Economic and Cultural Perspectives on NPL Analysis: A Case Study. JBAFP 2021, 3, 8.
Kritikou P, Boufounou P, Toudas K. Combining Economic and Cultural Perspectives on NPL Analysis: A Case Study. Journal of Business Accounting and Finance Perspectives. 2021; 3(1):8.
Kritikou, Panagiota; Boufounou, Paraskevi; Toudas, Kanellos. 2021. "Combining Economic and Cultural Perspectives on NPL Analysis: A Case Study." JBAFP 3, no. 1: 8.
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