Journal ArticleDOI
Does religion matter in corporate decision making in America
Gilles Hilary,Kai Wai Hui +1 more
TLDR
The authors found that firms located in counties with higher levels of religiosity display lower degrees of risk exposure, as measured by variances in equity returns or returns on assets, and that chief executive officers are more likely to join a firm with a similar religious environment as in their previous firm when they switch employers.About:
This article is published in Journal of Financial Economics.The article was published on 2009-09-01. It has received 856 citations till now. The article focuses on the topics: Risk aversion & Equity (finance).read more
Citations
More filters
Journal ArticleDOI
Risk in Islamic Banking
TL;DR: In this article, the authors investigated risk and stability features of Islamic banking using a sample of 553 banks from 24 countries between 1999 and 2009 and found that small Islamic banks that are leveraged or based in countries with predominantly Muslim populations have lower credit risk than conventional banks.
Journal ArticleDOI
The Impact of Religion on Financial Reporting Irregularities
TL;DR: This paper examined the impact of religion on financial reporting and found that firms in religious areas are less likely to engage in financial reporting irregularities because prior prior experience has shown that religious organizations are more likely to report irregularities.
Posted Content
Religious Beliefs, Gambling Attitudes, and Financial Market Outcomes
TL;DR: In this paper, the authors use religious background as a proxy for gambling propensity and investigate whether geographical variation in religion-induced gambling norms affects aggregate market outcomes, finding that investors located in regions with high Catholic-Protestant ratio (CPRATIO) exhibit a stronger propensity to hold stocks with lottery features.
Journal ArticleDOI
How does culture influence corporate risk-taking?
TL;DR: This paper investigated the role of national culture in corporate risk-taking and found that individualism has a positive and significant association, whereas uncertainty avoidance and harmony have negative and significant associations, with corporate risk taking.
Journal ArticleDOI
Religious beliefs, gambling attitudes, and financial market outcomes
TL;DR: In this paper, the authors investigated whether geographic variation in religion-induced gambling norms affects aggregate market outcomes and found that gambling propensity would be stronger in regions with higher concentrations of Catholics relative to Protestants.
References
More filters
Book
Econometric Analysis of Cross Section and Panel Data
TL;DR: This is the essential companion to Jeffrey Wooldridge's widely-used graduate text Econometric Analysis of Cross Section and Panel Data (MIT Press, 2001).
Journal ArticleDOI
Risk, Return, and Equilibrium: Empirical Tests
Eugene F. Fama,James D. MacBeth +1 more
TL;DR: In this article, the relationship between average return and risk for New York Stock Exchange common stocks was tested using a two-parameter portfolio model and models of market equilibrium derived from the two parameter portfolio model.
Journal ArticleDOI
The quality of government
TL;DR: The authors investigated empirically the determinants of the quality of governments in a large cross-section of countries and found that countries that are poor, close to the equator, ethnolinguistically heterogeneous, use French or socialist laws, or have high proportions of Catholics or Muslims exhibit inferior government performance.
Journal ArticleDOI
The people make the place
TL;DR: A framework for understanding the etiology of organizational behavior is presented in this article, which is based on theory and research from interactional psychology, vocational psychology, I/O psychology, and organizational theory.
Journal ArticleDOI
Fear, anger, and risk.
TL;DR: The present studies highlight multiple benefits of studying specific emotions as a complement to studies that link affective valence to judgment outcomes, and predict that fear and anger have opposite effects on risk perception.