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We provide the first quantitative synthesis of the literature on how financial markets react to the disclosure of financial crimes committed by listed firms. While consensus expects negative stock price returns, the exact size of the effect is far from clear. We survey 111 studies published over...
Persistent link: https://www.econbiz.de/10014307133
Can a major shock in childhood permanently shape trust? We consider a hunger episode in Germany after WWII and … regional and temporal variation. We correlate hunger exposure with measures of trust using data from a nationally … significantly lower levels of trust as adults. This finding highlights that early-life experiences can have long-term effects in …
Persistent link: https://www.econbiz.de/10011540782
By examining discrepancies between officially reported GDP growth figures and the actual economic growth implied by satellite-based night time light (NTL) density, we investigate whether democracies manipulate officially reported GDP figures, and if so, whether such manipulation pays political...
Persistent link: https://www.econbiz.de/10012022263
framework proposes that by combining complementary investments in enforcement, facilitation, and trust, reformers can not only … challenge for governments lies in finding the right combination of these three measures-enforcement, facilitation, and trust … analysis, coupled with careful attention to understanding politics and the drivers of trust in particular contexts, to guide …
Persistent link: https://www.econbiz.de/10012121181
-in-the-field experiment comprised five behavioural games: dictator, bargaining, trust, public goods, and risk-preference elicitation. It was …
Persistent link: https://www.econbiz.de/10012122633
-behaved statistical properties, and we show that ethnic stratification is empirically related to low levels of trust in other people and …
Persistent link: https://www.econbiz.de/10011942823
' Union, Women's Union, etc.) and other voluntary organizations, trust, and the significance of family ties in economic … Communist Party membership, trust and access to informal insurance. …
Persistent link: https://www.econbiz.de/10011336547
a sign of trust and concern for the employees' well-being or as enhanced monitoring. Both interpretations can explain …
Persistent link: https://www.econbiz.de/10010461267
While trust and trustworthiness provide a fundamental foundation for human relationships, little is known about how … the World Values Survey to address a potential connection between trust and age. In this chapter, we will mainly focus on … trusting and trustworthy behavior elicited with the use of the seminal trust game (Berg et al., 1995) and with games …
Persistent link: https://www.econbiz.de/10011298524
We investigate whether there is a link between conditional cooperation and betrayal aversion. We use a public goods game to classify subjects by type of contribution preference and by belief about the contributions of others; and we measure betrayal aversion for different categories of subject....
Persistent link: https://www.econbiz.de/10011298544