本篇論文以來自58個國家的26,539間的銀行資料探討Hofstede的四個文化維度（權力距離、個人主義、不確定規避以及男性氣質）對於銀行流動性創造的影響。根據實證結果，我們發現權力差距、不確定規避及男性氣質減少資產面及表外流動性創造，然而增加負債面流動性創造。相反地，個人主義增加資產面及表外流動性創造，而減少負債面流動性創造。將樣本排除美國銀行後，仍呈現一致的結果。本研究發現國家文化為影響銀行流動性創造的重要因素，除此之外，銀行風險承受能力為影響國家文化與銀行流動性創造關係的關鍵。在政策方面，本研究結果亦建議政策制定者應限制表外流動性創造。;This study investigates the effects of Hofstede’s four cultural indices (power distance, individualism, uncertainty avoidance, and masculinity) on bank liquidity creation using an international sample of 26,539 banks across 58 countries. We find that power distance, uncertainty avoidance, and masculinity decrease asset-side and off-balance sheet liquidity, but increase liability-side liquidity. By contrast, individualism increases asset-side and off-balance sheet liquidity but decreases liability-side liquidity. After excluding U.S. banks, our findings remain robust, suggesting that national culture is an important determinant of bank liquidity creation and that bank risk-taking has important implications that link national culture and bank liquidity creation. Regarding policymaking, our results indicate that the government should introduce regulations that restrict off-balance liquidity.
