The influence of culture on investors' financial decision-making styles and unplanned decisions to avoid uncertainty, power distance

Currently, any organization's effectiveness depends not only on the organization's technological efficiency but also on the management's broad perspective towards decision making. It is more important to know that a manager has a significant task of decision-making in any organization and accordingly, any organization can be successful and or not. In this study, the researcher uses Hofstede's view to find an answer to how culture influences Financial decision-making styles and unplanned decisions. We used an exploratory data mining method in this research in order to examine the cultural dimensions of Hofstede and its relationship with four decision-making styles. We have used SOM software to analyze collected data, the possibility of using survey data, and realizing four alternative clusters applying the self-organizing network clustering method among stock exchange investors indicated the difference in cultural evaluation. Analyzing four different clusters explained that the effects of decision-making styles were different.Investor decision-making style, Hofstede cultural framework, unplanned decisions

کلیدواژه ها:

Investor decision-making style ، Hofstede cultural framework ، unplanned decisions