The Impact of Hofstede’s Cultural Dimension “Power Distance” on Corporate Performance in the Financial Sector in Jordan

Culture may impact on individual's behavior, as a result, impacting on the performance of companies.The study used Hofstede's Cultural Theory and choose the cultural dimension Power distance Index since there is a gap in the local literature regarding this dimension.This paper aims to examine whether the cultural dimension Power Distance impact on corporate performance.In order to measure Power distance, the study employed a questionnaire distributed to the financial sector companies in Jordan.The corporate performance was measured by ROA and ROE which were collected from the Securities Depository Center SDC.Regression analysis tests were used to test the hypotheses.The results show that companies' performance is not influenced by the cultural dimension of lower Power Distance.