Redalyc.Culture and Sexual Behavior

Total Page:16

File Type:pdf, Size:1020Kb

Redalyc.Culture and Sexual Behavior Psicothema ISSN: 0214-9915 [email protected] Universidad de Oviedo España Ubillos, Silvia; Paez, Darío; González, José Luis Culture and sexual behavior Psicothema, vol. 12, núm. Su1, 2000, pp. 70-82 Universidad de Oviedo Oviedo, España Available in: http://www.redalyc.org/articulo.oa?id=72796008 How to cite Complete issue Scientific Information System More information about this article Network of Scientific Journals from Latin America, the Caribbean, Spain and Portugal Journal's homepage in redalyc.org Non-profit academic project, developed under the open access initiative Psicothema ISSN 0214 - 9915 CODEN PSOTEG 2000. Vol. 12, Supl., pp. 70-82 Copyright © 2000 Psicothema Culture and sexual behavior Silvia Ubillos, Darío Paez and José Luis González* University of the Basque Country, * Burgos University This study correlates the national means of self-reports of sexual relations in stable couples and the me- an percentage of people with extramarital affairs with the climatic, socio-economic and cultural (reli- gion and Hofstede´s dimensions) characteristics of the 25 countries to which the samples belongs. Low uncertainty avoidance, low Catholicism and Protestantism, dominance of Buddhism and high power distance were associated with less sexual permissiveness. Sexual permissiveness was associated more with the religious aspects of culture. Higher mean sexual frequency was associated with social deve- lopment, individualism, low power distance and low dominance of Animism and Buddhism, to Catho- licism and uncertainty avoidance, and cultural femininity. Results confirm the important role of socio- economic development, raise questions on the negative view of Christianism and the positive view of oriental religions. Cultura y Conducta Sexual. Esta investigación correlaciona las medias nacionales de auto-informes de relaciones sexuales en parejas estables y el porcentaje de personas con relaciones extramaritales con las características climáticas, socio-económicas y culturales (religión dominante y dimensiones cultu- rales de Hofstede) de los 25 países estudiados. La baja Evitación de la Incertidumbre, la poca presen- cia del Catolicismo y Protestantismo, la predominancia del Budismo y la alta Distancia al Poder se aso- ciaban a menor permisividad sexual (menor porcentaje de relaciones extramaritales). La permisividad sexual se asociaba más con los aspectos religiosos de la cultura. Una media alta de frecuencia sexual se asociaba al desarrollo social, al individualismo, a la poca predominancia del Animismo y Budismo, a la predominancia del Catolicismo, a la Evitación de la Incertidumbre y a la Femineidad Cultural. Los resultados confirman el importante rol del desarrollo socio-económico para la calidad de vida sexual, así como despiertan dudas sobre la visión negativa del Cristianismo y positiva de las religiones orien- tales en relación a la sexualidad. In this article we will review cultural differences in sexual be- the 4 polyandric cultures are at the same time polygenic (Kenrick, havior concerning two specific aspects: frequency of sexual inter- 1994). 54% of the societies found in the «Human Relations Area course in stable partners, and percentage of people who have se- File» archives (HRAF) allow extra-marital masculine sex, and this xual relationships with more than one person. Frequency is an in- was practiced in 69% of these societies. In another 11% of socie- dex of sexual activity, and extra-marital sex (having sexual rela- ties feminine extra-marital sex was permited, being put into prac- tionships with one or more people different from one’s normal or tice in 57% of these cultures (Ember & Ember, 1997). Differences stable partner) is an index of sexual permissiveness. among complex societies or nations are very important with regard Variability in number of partners, extra-marital sex and fre- to extra-marital sex. A practice which is non-existant among Asian quency of sexual intercourse have been well documented in anth- women, scarce among western regions (13% of french males and ropology for simple societies, and more recently, and by means of 5.7% of french women), some Latinamerican and African coun- sexual surveys, for complex societies. tries. While it is important, although by no means affecting a ma- With regard to the number of sexual partners in the so called jority of people, in other African and American countries. For ins- «simple» societies (without cities and class differences), in most tance in French Guayana, the percentage of men who have rela- of these polygamies (marriage with more than one spouse) is ac- tions with other people different from one´s spouse is three times cepted, although most people in the world live in monogamic cul- higher than in France, for women it is twice as high (Giraud et al., tures. Out of the 849 societies studied in Murdock’s ethnographic 1995). In the western world there is a predominance of serial mo- atlas, 708 are polygenic (one husband for various wives), and only nogamy over concurrent couples or multipartnership (Wellings et 4 are polyandric (a wife may have various husbands). Moreover, al., 1994). In a northamerican study (Kolata, 1994), the fidelity in- dexes were relatively high: 75% of married men, and 85% of ma- rried women were faithful to their companions during their lifeti- mes. Similar results have been found in Spain (Usieto & Sastre, Correspondencia: Silvia Ubillos 1996), France (Spira & Bajos, 1993), and England (Wellingset al., Department of Social Psychology 1994). In Africa, certain forms of polygamous relationships are University of the Basque Country 20080 San Sebastián (Spain) normative. In some of these cultures polygamy, generally polyge- E-mail: [email protected] nia, is a feature in approximately 25-50% of married couples. Mo- CULTURE AND SEXUAL BEHAVIOR 71 reover, it is informally accepted that a man may have more than Cultural differences and sexuality one partner. Stable relationships between married men and semi- autonomous women, who obtain economic rewards in exchange We will now analyze how differences in activity and sexual per- for having sexual relationships with men, is a frequent resource in misiveness is associated with differences in cultural values’ syn- those societies in which the relationship man/woman favours the dromes. former, and in which sexual activity and the exchange of favours A culturalist exp l a n a tion of sexuality will stress the importa n c e is classified within the same area of behavior. Although in some of norms and values, aims and principals in life, such as hedonism parts of Asia polygenia is also approved of, only 3-4% of married and personal autonomy in individualistic societies, and group lo- couples practice it (Rushing, 1995). In summary, results confirm yalty and emotional dependence in collectivistic cultures (Pric e - that most sexually active adults are faithful, especially in Asia (alt- Williams, 1985; Triandis, 1994). Defining culture as a cultural pro- hough on the other hand in some countries, especially Thailand, gramming of the mind whi c h differe n t i a tes one group from another, visiting prostitutes is socially acceptable), on a medium basis in Hofstede described 4 cultural dimensions: Power distance, Indivi - the western world, and only in Africa and the Caribbean having du a l i s m - c o l l e c t i vism, Masculinity-femininity and Uncerta i n t y more than one sexual partner is an important, although not wides- avoidance (see Gouveia & Ros and Basabe et al’s arti cl e s ) . pread, reality. Hofstede´s (1991) dimensions and scores were obtained with Anthropological research has found a variability in frequency an underrepresentation of african and asian cultures. For this rea- and acceptance of sexual activity is simple societies. We find so- son, many of these countries were assigned global or regional sco- cieties in which sexual intercourse is practiced at least once per res. On the other hand, there are currently available statistics night (Crow, Lepcha in the Himalaya), at least three times per which allow us to have a somewhat rough, although valid, view of night (Australian Aranda and the Chaga from Tanzania), or cultu- the type of dominant religion, which will serve to complete Hofs- res in which sexual intercourse only takes place once per week, tede´s results. with periods in which for years after a birth there is no sexual in- It is important to note that in our res e a r ch, we will study not only tercourse (i.e. the Keraki in New Guinea, Danis, Cheyennes) (Kat- dominant cultural values, but also rel i g ion as a cultural determi n a n t chadurian & Linde, 1979; Nieto, 1989). of sexu a l i t y . Religions are rel e vant for our study for 2 main rea s o n s : Be fo r e there we re ex t e n s ive sexual surveys, the dominant 1. They are one of the most important sources of norms and va- p e rs p e c t ive was that the medium ave rage of sexual re l at i o n s h i p s lues in a given society. was between two and two and a half times per week. Comfo rt ´ s 2. Religions are historically and sociologically associated with well known sex manual states that an ave rage of less than twice cultural dimensions: Protestantism with individualism, Muslim re- per week indicated that there was some kind of sexual pro bl e m ligion and Confuncianism-Buddhism with collectivism, and Cat- (cited in Sandfo rt et al., 1998, p. 111). For instance it was stat e d holicism with uncertainty avoidance. t h at the lowest fre q u e n cy was once a week, in for example the Ke raki in Southafrica (Gerbhard, 1987). Recent nort h a m e ri c a n Power distance, cultural masculinity, uncertainty avoidance and and european surveys stress that the we s t e rn population is less se- sexual behavior x u a l ly active than wh at was thought until now.
Recommended publications
  • National Cultural Differences and Multinational Business
    Globalization Note Series Pankaj Ghemawat and Sebastian Reiche National Cultural Differences and Multinational Business The eminent Dutch psychologist, management researcher, and culture expert Geert Hofstede, early in his career, interviewed unsuccessfully for an engineering job with an American company. Later, he wrote of typical cross-cultural misunderstandings that crop up when American managers interview Dutch recruits and vice versa: “American applicants, to Dutch eyes, oversell themselves. Their CVs are worded in superlatives…during the interview they try to behave assertively, promising things they are very unlikely to realize…Dutch applicants in American eyes undersell themselves. They write modest and usually short CVs, counting on the interviewer to find out by asking how good they really are…they are very careful not to be seen as braggarts and not to make promises they are not absolutely sure they can fulfill. American interviewers know how to interpret American CVs and interviews and they tend to discount the information provided. Dutch interviewers, accustomed to Dutch applicants, tend to upgrade the information. To an uninitiated American interviewer an uninitiated Dutch applicant comes across as a sucker. To an uninitiated Dutch interviewer an uninitiated American applicant comes across as a braggart.”1 Cultural differences, while difficult to observe and measure, are obviously very important. Failure to appreciate and account for them can lead to embarrassing blunders, strain relationships, and drag down business performance. And the effects of culture persist even in life-and-death situations. Consider the example of Korean Air’s high incidence of plane crashes between 1970 and 2000. As an analysis of conversations recorded in the black boxes of the crashed planes revealed, the co-pilots and flight engineers in all-Korean cockpits were too deferential to their captains.
    [Show full text]
  • Power Distance in Mormon Culture
    Brigham Young University BYU ScholarsArchive Theses and Dissertations 2015-03-01 Power Distance in Mormon Culture Sara Isabel Lee Brigham Young University - Provo Follow this and additional works at: https://scholarsarchive.byu.edu/etd Part of the Communication Commons BYU ScholarsArchive Citation Lee, Sara Isabel, "Power Distance in Mormon Culture" (2015). Theses and Dissertations. 4413. https://scholarsarchive.byu.edu/etd/4413 This Thesis is brought to you for free and open access by BYU ScholarsArchive. It has been accepted for inclusion in Theses and Dissertations by an authorized administrator of BYU ScholarsArchive. For more information, please contact [email protected], [email protected]. Power Distance in Mormon Culture Sara Isabel Lee A thesis submitted to the faculty of Brigham Young University in partial fulfillment of the requirements for the degree of Master of Arts Loy Clark Callahan, Chair Robert Irwin Wakefield Thomas Eugene Robinson School of Communications Brigham Young University March 2015 Copyright © 2015 Sara Isabel Lee All Rights Reserved ABSTRACT Power Distance in Mormon Culture Sara Isabel Lee School of Communications, BYU Master of Arts Religion consists of humanity’s beliefs, cultural systems, and worldviews of existence (Geertz, 1973). Its function is not merely a system of symbols that people act according to, but also the establishment of powerful, pervasive motivations in the society. This study intends to analyze the connection of religion and culture by using one of Hofstede’s cultural dimensions, power distance (the extent of how power is accepted and expected to be distributed in the society). In this analysis, the researcher investigated the PDI (Power Distance Index) within the Utah Mormon culture.
    [Show full text]
  • Sample Formal Report
    BNL- 112464-2016-CP Transparency in Civilian Nuclear Endeavors Katherine M. Bachner Presented at the 57th Institute of Nuclear Materials Management (INMM) Annual Meeting Atlanta, Georgia July 2016 Department/Division/Office Brookhaven National Laboratory U.S. Department of Energy NA-24, NA-241 Notice: This manuscript has been authored by employees of Brookhaven Science Associates, LLC under Contract No. DE-SC0012704 with the U.S. Department of Energy. The publisher by accepting the manuscript for publication acknowledges that the United States Government retains a non-exclusive, paid-up, irrevocable, world-wide license to publish or reproduce the published form of this manuscript, or allow others to do so, for United States Government purposes. 3.0/3913e011.doc 1 (11/2015) DISCLAIMER This report was prepared as an account of work sponsored by an agency of the United States Government. Neither the United States Government nor any agency thereof, nor any of their employees, nor any of their contractors, subcontractors, or their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or any third party’s use or the results of such use of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise, does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government or any agency thereof or its contractors or subcontractors. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States Government or any agency thereof.
    [Show full text]
  • The Pay Equity Dilemma Women Face Around the World
    University of Central Florida STARS Honors Undergraduate Theses UCF Theses and Dissertations 2018 The Pay Equity Dilemma Women Face Around The World Lana D. McMurray University of Central Florida Part of the Business Administration, Management, and Operations Commons Find similar works at: https://stars.library.ucf.edu/honorstheses University of Central Florida Libraries http://library.ucf.edu This Open Access is brought to you for free and open access by the UCF Theses and Dissertations at STARS. It has been accepted for inclusion in Honors Undergraduate Theses by an authorized administrator of STARS. For more information, please contact [email protected]. Recommended Citation McMurray, Lana D., "The Pay Equity Dilemma Women Face Around The World" (2018). Honors Undergraduate Theses. 372. https://stars.library.ucf.edu/honorstheses/372 THE PAY EQUITY DILEMMA WOMEN FACE AROUND THE WORLD by LANA D MCMURRAY A thesis submitted in partial fulfillment of the requirements for the Honors in the Major Program in Marketing in the College of Business and in the Burnett Honors College at the University of Central Florida Orlando, Florida Summer Term, 2018 Thesis Chair: Muge Yayla-Kullu, PhD ABSTRACT In this research, I examine the pay equity dilemma women face around the world and how it is different in various regions of the world. My research question focuses on “how a nation’s cultural characteristics affect pay equity?” It is already documented that men are paid more than women. The goal of this study is to explain how individual characteristics of national culture (such as masculinity, individualism, power distance, and uncertainty avoidance) impacts this inequality.
    [Show full text]
  • An Investigation of Power Distance Value and Endorsement of the Great Man Theory Through American Social Identities
    Antioch University AURA - Antioch University Repository and Archive Student & Alumni Scholarship, including Dissertations & Theses Dissertations & Theses 2019 United I Stand: An Investigation of Power Distance Value and Endorsement of the Great Man Theory Through American Social Identities Jeffrey M. Girton Antioch University - PhD Program in Leadership and Change Follow this and additional works at: https://aura.antioch.edu/etds Part of the American Studies Commons, Leadership Studies Commons, Management Sciences and Quantitative Methods Commons, Organizational Behavior and Theory Commons, Organization Development Commons, Quantitative, Qualitative, Comparative, and Historical Methodologies Commons, and the Sociology of Culture Commons Recommended Citation Girton, Jeffrey M., "United I Stand: An Investigation of Power Distance Value and Endorsement of the Great Man Theory Through American Social Identities" (2019). Dissertations & Theses. 523. https://aura.antioch.edu/etds/523 This Dissertation is brought to you for free and open access by the Student & Alumni Scholarship, including Dissertations & Theses at AURA - Antioch University Repository and Archive. It has been accepted for inclusion in Dissertations & Theses by an authorized administrator of AURA - Antioch University Repository and Archive. For more information, please contact [email protected], [email protected]. United I Stand: An Investigation of Power Distance Value and Endorsement of the Great Man Theory Through American Social Identities Jeffrey M. Girton ORCID Scholar ID# 0000-0003-1446-591X A Dissertation Submitted to the PhD in Leadership and Change Program of Antioch University in partial fulfillment for the degree of Doctor of Philosophy August 2019 This dissertation has been approved in partial fulfillment of the requirements for the degree of PhD in Leadership and Change, Graduate School of Leadership and Change, Antioch University.
    [Show full text]
  • The Confirmation of Betsy Devos: Polarization, Populism, and Moral Foundations in U.S
    James Madison University JMU Scholarly Commons Masters Theses The Graduate School Spring 2018 The confirmation of Betsy DeVos: Polarization, populism, and moral foundations in U.S. political rhetoric Jacob William Wrasse Follow this and additional works at: https://commons.lib.jmu.edu/master201019 Part of the Social Influence and Political Communication Commons Recommended Citation Wrasse, Jacob William, "The onfirc mation of Betsy DeVos: Polarization, populism, and moral foundations in U.S. political rhetoric" (2018). Masters Theses. 566. https://commons.lib.jmu.edu/master201019/566 This Thesis is brought to you for free and open access by the The Graduate School at JMU Scholarly Commons. It has been accepted for inclusion in Masters Theses by an authorized administrator of JMU Scholarly Commons. For more information, please contact [email protected]. The Confirmation of Betsy DeVos: Polarization, Populism, and Moral Foundations in U.S. Political Rhetoric Jacob William Wrasse A thesis submitted to the Graduate Faculty of JAMES MADISON UNIVERSITY In Partial Fulfillment of the Requirements for the degree of Master of Arts School of Communication Studies May 2018 FACULTY COMMITTEE: Committee Chair: Dr. Dan Schill Committee Members: Dr. Susan Opt Dr. Lars Kristiansen Acknowledgements I want to begin by thanking my thesis director, Dr. Dan Schill, for his help on this project and the vice presidential debate paper that we published together. Dan, your mentorship and guidance have helped me mature as a researcher and an observer of political communication. Additionally, I wanted to thank my committee members, Drs. Susan Opt and Lars Kristiansen, for their guidance and insight as I drafted this thesis.
    [Show full text]
  • Power Distance in S§3Ss Workplaces
    Power Distance in S§3ss Workplaces By Samantha Hickey National College of Ireland June 2007 lOarcode No:£r?oo&D(&<+i6 fDewey No :&<><p -4oC ' pate Input : °\ P ric e : ------ Table of Contents « ^ smuotum*» --------------------------------------------- njaWMAlCOtlifiL- o f mtw Acknowledgements: 3 Introduction: 4-5 Chapter 2 - Literature Review 6 Introduction: 7 W hat is culture? 8 The Significance of Culture for Organisations: 9 How Cultures Vary: 10 Different Cultural Orientations in Societies: 11 Hostede’s Dimensions of National Culture: 12 The Concept of Power Distance: 13 More Equal than Others: 14 Factors Influencing the Hierarchical Relationship: 15 The origins of Power Distances: 16-18 Measuring Power Distance: 19 Power Distance Index: 20 How Low and High Power Societies Differ: 21 Criticism of Hofstede’s Work: 22 1 What happens in Multi Cultural Societies: 22 Case Studies: 23-24 A Twenty First Century View: 25 Some Tips for Cross Cultural Relationships: 26 Conclusion: 27 Chapter 3: Research Methodologies Hypothesis 28-29 Research Aims & Objectives: 3 0 -3 1 Research Methodology: 32- 39 Research Findings: 40-49 Conclusion: 50-51 Bibliography: 5 2 -5 3 Appendices: 5 4 -5 5 2 Acknowledgements I’d like to thank Denise and for being a vital connection for me throughout and to my classmates for the lively debates. To my supervisor Fabian for his thoughtful and clever suggestions and T.J. for giving me all the information and support I could want. To my international colleagues and friends in particular Claire Rog, Katarina, Mila, Sophie, Sarah, Sinead, Sophie and Victor for your inspiring insights and encouragement.
    [Show full text]
  • Selecting Scrutiny in Compelled-Speech Cases Involving Non-Commercial Expression
    Fordham Intellectual Property, Media and Entertainment Law Journal Volume 31 XXXI Number 1 Article 1 2020 Selecting Scrutiny in Compelled-Speech Cases Involving Non- Commercial Expression: The Formulaic Landscape of a Strict Scrutiny World After Becerra and Janus, and a First Amendment Interests-and-Values Alternative Clay Calvert University of Florida, [email protected] Follow this and additional works at: https://ir.lawnet.fordham.edu/iplj Part of the Constitutional Law Commons Recommended Citation Clay Calvert, Selecting Scrutiny in Compelled-Speech Cases Involving Non-Commercial Expression: The Formulaic Landscape of a Strict Scrutiny World After Becerra and Janus, and a First Amendment Interests-and-Values Alternative, 31 Fordham Intell. Prop. Media & Ent. L.J. 1 (2020). Available at: https://ir.lawnet.fordham.edu/iplj/vol31/iss1/1 This Article is brought to you for free and open access by FLASH: The Fordham Law Archive of Scholarship and History. It has been accepted for inclusion in Fordham Intellectual Property, Media and Entertainment Law Journal by an authorized editor of FLASH: The Fordham Law Archive of Scholarship and History. For more information, please contact [email protected]. Selecting Scrutiny in Compelled-Speech Cases Involving Non-Commercial Expression: The Formulaic Landscape of a Strict Scrutiny World After Becerra and Janus, and a First Amendment Interests- and-Values Alternative Clay Calvert* This Article examines how courts select the standard of scrutiny—strict, intermediate, or something akin to rational basis— in compelled-speech disputes following the United States Supreme Court’s 2018 rulings in National Institute of Family and Life Advocates v. Becerra and Janus v.
    [Show full text]
  • Hofstede's 5 Dimensions Power Distance
    HOFSTEDE’S 5 DIMENSIONS POWER DISTANCE (The degree to which power differentials within society and organizations are accepted.) Large Power Distance societies are characterized by: • centralized authority • autocratic leadership • paternalistic management style • many hierarchical levels • large number of supervisory staff • acceptance that power has its privileges • an expectation of inequality and power differences Small Power Distance societies are characterized by: • decentralized authority and decision making responsibility • consultative or participative management style • flat organizational structures • small proportion of supervisory staff • lack of acceptance and questioning of authority • rights consciousness • tendency toward egalitarianism UNCERTAINTY AVOIDANCE (The degree to which members of a society are able to cope with the uncertainty of the future without experiencing undue stress. According to Hofstede & Bond, 1988, this is a uniquely Western value.) Weak UA characterized by: • risk taking • tolerance of differing behaviors and opinions • flexibility • organizations with a relatively low degree of structure and few rules, promotions based on merit Strong UA characterized by: • avoidance of risk • organizations that have clearly delineated structures, many written rules, standardized procedures, promotions based on seniority or age • lack of tolerance for deviants • strong need for consensus • need for predictability hence, planning is important • respect for authority INDIVIDUALISM - COLLECTIVISM INDIVIDUALISTIC CULTURES
    [Show full text]
  • Power Distance Orientation, Gender, and Evaluation of Transformational and Transactional Leaders
    POWER DISTANCE ORIENTATION, GENDER, AND EVALUATION OF TRANSFORMATIONAL AND TRANSACTIONAL LEADERS A thesis submitted for the degree of doctor of philosophy By Suzan Naser Brunel Business School Brunel University 2015 Suzan Naser Power Distance Orientation, Gender, and Evaluation of Transformational i and Transactional Leaders i ABSTRACT Women all over the world are still having difficulties in occupying leadership positions. People perceive males as being highly qualified and likely to be considered as leaders. Females are less likely to be perceived as leaders and to be less effective in carrying it out. There are different leadership theories but the most studied and popular one nowadays is the transformational and transactional model. Female leaders are said to use a leadership behavior based on interpersonal relationships and sharing of power and information, the behavior which is usually associated with the style of leadership known as transformational. Male leaders have been found to influence performance by using rewards and punishment, the behavior mainly associated with the style of leaders known as transactional. The individuals, who work for leaders, are called followers. How followers view the magnitude of difference in power between themselves and their leaders is called a power distance orientation. The purpose of this study was to evaluate transformational and transactional leadership with a gendered and culturally appropriate lens, particularly, to extend the research on gender, leadership and culture area in an Arab Middle East context where little research has been done. This study was guided by two research questions; the first one examining the interaction effect of the participant’s power distance orientation and the leader’s gender on the participant’s perception of the transformational leader; the second one examining the interaction effect of the participant’s power distance orientation and the leader’s gender on the participant’s perception of the transactional leader.
    [Show full text]
  • Investor Sentiment and Stock Returns: a Cultural And
    Investor Sentiment and Stock Returns: A Cultural and International View Tilburg University School of Economics and Management Faculty of Economics and Business Administration Department of Finance Master Thesis Finance Author: Job Andreas Eduardus Sinke ANR: 566377 Supervisor: Dr. J.C. Rodriguez Chairman: Prof. Dr. S.R.G. Ongena Date of graduation: 4 December, 2012 Investor Sentiment and Stock Returns: A Cultural and International View Job Sinke Master Thesis December 2012 Abstract: This paper examines if consumer confidence (a proxy for investor sentiment) affects expected returns internationally in 12 developed countries, looking at culture to be a possible determinant of cross-country differences. In line with earlier evidence I find that sentiment negatively forecasts aggregate stock market returns on average across countries. When investors are optimistic (pessimistic) future stock returns tend to be lower (higher). This relation holds for value stocks, growth stocks, small, mid and large cap stocks and for different forecasting horizons. Individual country results vary finding cross-country differences that can be explained by culture. This cross- sectional perspective provides evidence that the impact of sentiment on stock returns is more pronounced in countries scoring high on uncertainty avoidance, masculinity, long-term orientation and for countries that score low on individualism and indulgence, the effect of power distance is ambiguous. Keywords: consumer confidence; investor sentiment; style/size differences; cultural dimensions;
    [Show full text]
  • A Comparison of Cultural Values and Behaviors and Their Implications for the Multi-Cultural Workplace Jessie Kooyers Grand Valley State University
    Grand Valley State University ScholarWorks@GVSU Honors Projects Undergraduate Research and Creative Practice 2015 The nitU ed States and Spain: A Comparison of Cultural Values and Behaviors and Their Implications for the Multi-Cultural Workplace Jessie Kooyers Grand Valley State University Follow this and additional works at: http://scholarworks.gvsu.edu/honorsprojects Part of the American Studies Commons, and the History Commons Recommended Citation Kooyers, Jessie, "The nitU ed States and Spain: A Comparison of Cultural Values and Behaviors and Their mpI lications for the Multi- Cultural Workplace" (2015). Honors Projects. 399. http://scholarworks.gvsu.edu/honorsprojects/399 This Open Access is brought to you for free and open access by the Undergraduate Research and Creative Practice at ScholarWorks@GVSU. It has been accepted for inclusion in Honors Projects by an authorized administrator of ScholarWorks@GVSU. For more information, please contact [email protected]. THE UNITED STATES AND SPAIN: A CULTURAL COMPARISON 1 The United States and Spain: A Comparison of Cultural Values and Behaviors and Their Implications for the Multi-Cultural Workplace Jessalyn L. Kooyers Grand Valley State University THE UNITED STATES AND SPAIN: A CULTURAL COMPARISON 2 Abstract As globalization becomes increasingly relevant, international business environments are more culturally diverse than ever before. Ethnic diversity in the workplace provides many opportunities for enrichment, however, many managers and employees remain ill-equipped for the task of evaluating, understanding, and maximizing the power of a multi-cultural workforce. Using social psychologist Geert Hofstede’s cultural dimensions, this piece seeks to uncover, define, and explore the key cultural differences that exist between the United States and Spain, specifically as they impact business engagements, workplace interaction, and intercultural management.
    [Show full text]