Abstract

We present a systematic review of research conducted on culture in finance journals, accompanied by bibliometric summary analysis. We summarize publication and citation trends, as well as identify the most prolific and impactful contributors. We discover several major themes of cultural finance research: (i) governance, (ii) culture and financial decision making, (iii) culture and investing, (iv) social trust and firm governance, (v) religion and religiosity, and (vi) cultural distance and finance. We also identify current themes relating to individualism and risk taking, regulations, religiosity and venture capital, and organizational legitimacy. We use our summary of thematic development to suggest future research directions.

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