{"id":115786,"date":"2024-01-22T19:45:57","date_gmt":"2024-01-22T18:45:57","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/115786\/"},"modified":"2024-11-07T04:33:17","modified_gmt":"2024-11-07T03:33:17","slug":"culture-geography-and-institutions-empirical-evidence-from-small-scale-banking","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/115786\/","title":{"rendered":"Culture, Geography and Institutions. Empirical Evidence from Small-scale Banking"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-115786","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The fast adoption of Western-style democracy and market economy principles as established by EU standards by many of the Eastern European \"transformation countries\" since the early 1990s should have raised cross-border lending by banks based in \"old\" EU member countries to clients resident in new Eastern European EU member countries. This should particularly apply to Austria since it shares a long-lasting common history and, hence, common culture with these countries. To account for common culture we propose a new gauge aimed at measuring \"cultural proximity\" by making out onomastic similarities between common surnames of Austrian residents and common surnames of residents in the Czech Republic, Slovak Republic, in Hungary and Slovenia, respectively. By exploring, with panel econometric techniques, cross-border lending activities of Austria's small-sized to medium-sized regional banks, located close to its eastern border, over the period from 1996 to 2008 this paper provides evidence that is supportive of the presumption that cultural closeness matters for making basic laws of economics work.","onlinedate":"2012-01-10 01:00:00","lang":"English","publication_series":"","publication_date":"20120101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"25","keywords":"[\"common culture\",\"cross-border bank lending\",\"geography\",\"institutions\",\"panel econometric analysis\"]","jelcodes":"[]","related_publications":"[]","pdf":342400,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"417","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44410],"research_groups":[3500],"collaboration":"","persons":[3925],"persons_data":"[{\"personId\":3925,\"personName\":\"Franz R. Hahn\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Hahn, F. R.<\\\/span> (2012). <span>Culture, Geography and Institutions. Empirical Evidence from Small-scale Banking<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (417). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43313\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43313<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Hahn FR<\\\/span>. <span class=\\\"title\\\"><span>Culture, Geography and Institutions. Empirical Evidence from Small-scale Banking<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2012 Jan;(417).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{b94e3c12638a45fb8b4cc5ec8868bb48,<\\\/div><div>  title    = \\\"Culture, Geography and Institutions. Empirical Evidence from Small-scale Banking\\\",<\\\/div><div>  abstract = \\\"The fast adoption of Western-style democracy and market economy principles as established by EU standards by many of the Eastern European {\\\"}transformation countries{\\\"} since the early 1990s should have raised cross-border lending by banks based in {\\\"}old{\\\"} EU member countries to clients resident in new Eastern European EU member countries. This should particularly apply to Austria since it shares a long-lasting common history and, hence, common culture with these countries. To account for common culture we propose a new gauge aimed at measuring {\\\"}cultural proximity{\\\"} by making out onomastic similarities between common surnames of Austrian residents and common surnames of residents in the Czech Republic, Slovak Republic, in Hungary and Slovenia, respectively. By exploring, with panel econometric techniques, cross-border lending activities of Austria's small-sized to medium-sized regional banks, located close to its eastern border, over the period from 1996 to 2008 this paper provides evidence that is supportive of the presumption that cultural closeness matters for making basic laws of economics work.\\\",<\\\/div><div>  keywords = \\\"common culture, cross-border bank lending, geography, institutions, panel econometric analysis, common culture, cross-border bank lending, geography, institutions, panel econometric analysis\\\",<\\\/div><div>  author   = \\\"Hahn, \\\\{Franz R.\\\\}\\\",<\\\/div><div>  year     = \\\"2012\\\",<\\\/div><div>  month    = jan,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Culture, Geography and Institutions. Empirical Evidence from Small-scale Banking<\\\/p><p>AU  - Hahn, Franz R.<\\\/p><p>PY  - 2012\\\/1<\\\/p><p>Y1  - 2012\\\/1<\\\/p><p>N2  - The fast adoption of Western-style democracy and market economy principles as established by EU standards by many of the Eastern European \\\"transformation countries\\\" since the early 1990s should have raised cross-border lending by banks based in \\\"old\\\" EU member countries to clients resident in new Eastern European EU member countries. This should particularly apply to Austria since it shares a long-lasting common history and, hence, common culture with these countries. To account for common culture we propose a new gauge aimed at measuring \\\"cultural proximity\\\" by making out onomastic similarities between common surnames of Austrian residents and common surnames of residents in the Czech Republic, Slovak Republic, in Hungary and Slovenia, respectively. By exploring, with panel econometric techniques, cross-border lending activities of Austria's small-sized to medium-sized regional banks, located close to its eastern border, over the period from 1996 to 2008 this paper provides evidence that is supportive of the presumption that cultural closeness matters for making basic laws of economics work.<\\\/p><p>AB  - The fast adoption of Western-style democracy and market economy principles as established by EU standards by many of the Eastern European \\\"transformation countries\\\" since the early 1990s should have raised cross-border lending by banks based in \\\"old\\\" EU member countries to clients resident in new Eastern European EU member countries. This should particularly apply to Austria since it shares a long-lasting common history and, hence, common culture with these countries. To account for common culture we propose a new gauge aimed at measuring \\\"cultural proximity\\\" by making out onomastic similarities between common surnames of Austrian residents and common surnames of residents in the Czech Republic, Slovak Republic, in Hungary and Slovenia, respectively. By exploring, with panel econometric techniques, cross-border lending activities of Austria's small-sized to medium-sized regional banks, located close to its eastern border, over the period from 1996 to 2008 this paper provides evidence that is supportive of the presumption that cultural closeness matters for making basic laws of economics work.<\\\/p><p>KW  - common culture<\\\/p><p>KW  - cross-border bank lending<\\\/p><p>KW  - geography<\\\/p><p>KW  - institutions<\\\/p><p>KW  - panel econometric analysis<\\\/p><p>KW  - common culture<\\\/p><p>KW  - cross-border bank lending<\\\/p><p>KW  - geography<\\\/p><p>KW  - institutions<\\\/p><p>KW  - panel econometric analysis<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Culture, Geography and Institutions. 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