Culture has been the important issue of the social sciences. Since Hofstede introduce the cultural
dimensions, many researchers explore the comparative studies employing his methods. To the
finance area, empirical studies recently have raised concerns on the influence of culture value on
financial decision making. Researchers have found the significant relations between culture
dimensions and investors’ risk conversion, market returns, capital structure, dividend policy and
corporate governance. This paper would give a brief definition of culture values in finance context,
and their impact on various aspects of finance.
Keywords：Culture Value, Culture Dimension, Corporate Finance, Risk Taking, Market Return