Showing 1 - 10 of 21
during Ramadan and in big cities if the share of votes to religious-political parties increases, suggesting that religion …
Persistent link: https://www.econbiz.de/10011090645
than Catholics. Third, our data suggest that the link between risk aversion and religion is driven by social aspects of …
Persistent link: https://www.econbiz.de/10011090796
The social and ecological challenges that governments face have raised their interest in socially responsible business conduct (SRBC). In this article we analyze the motives of executives to perform SRBC. We distinguish three types of motives: financial, ethical and altruistic motives. We test...
Persistent link: https://www.econbiz.de/10011090824
Starting from MacIntyre's virtue ethics, we investigate several codes of conduct of banks to identify the type of virtues that are needed to realize their mission. Based on this analysis, we define three core virtues: honesty, due care and accuracy. We compare and contrast these codes of conduct...
Persistent link: https://www.econbiz.de/10011091791
Abstract: This paper studies the strategies employed by Catholic and Protestant nonprofit hospitals in Germany and traces them back to the theological foundations of those religions, which shape managers' values. We find that Catholic nonprofit hospitals follow a strategy of horizontal...
Persistent link: https://www.econbiz.de/10011091812
This paper examines the payout policies of UK firms listed on the London Stock Exchange during the 1990s.It complements the existing literature by analyzing the trends in both dividends and total payouts (including share repurchases).In a dynamic panel data regression setting, we relate target...
Persistent link: https://www.econbiz.de/10011090300
This paper provides an overview of existing research on how corporate restructuring affects the wealth of creditors.Restructuring is defined as any transaction that affects the firm's underlying capital structure.Thus, it reaches well beyond asset restructuring and includes transactions such as...
Persistent link: https://www.econbiz.de/10011090388
reduce the dividend payout and increase the use of share repurchases. …
Persistent link: https://www.econbiz.de/10011090939
Anecdotal evidence suggests that the dividend policy of German firms is more flexible than the one of their Anglo …-American counterparts.This paper analyses the decision to change the dividend for a panel of 221 German firms from 1984 to 1994.The choice … followed by a recession.Consistent with the traditional dividend literature, e.g.Lintner (1956), net earnings are key …
Persistent link: https://www.econbiz.de/10011091618
and US firms. We estimate partial adjustment models and report two major findings. First, German firms base their dividend … more flexible dividend policies as they are willing to cut the dividend when profitability is only temporarily down. …
Persistent link: https://www.econbiz.de/10011091720