Showing 1 - 10 of 162
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
, vaccine hesitancy during the pandemic has been closely related to people's trust in their governments given governments …. Social capital, in this context, refers to community trust, collaboration, and engagement that create social bonds between … for institutional trust (especially trust in the medical system). However, this general association between trust in other …
Persistent link: https://www.econbiz.de/10015154419
high growth, but based on a simple stylized model of government behavior the expectation is that mainly high trust … countries provides support for this expectation. The difference in fiscal policies depending on government trust levels may help … explaining why better governed countries have been found to have less severe business cycles. It suggests that trust and …
Persistent link: https://www.econbiz.de/10009764994
In Switzerland, two key church institutions - the Conference of Swiss Bishops (CSB) and the Federation of Protestant Churches (FPC) - make public recommendations on how to vote for certain referenda. We leverage this unique situation to directly measure religious organizations ́power to shape...
Persistent link: https://www.econbiz.de/10010223454
We examine whether a corruption scandal in which the incumbent is implicated undermines trust in local government. We …, and data on the level of trust expressed in local politicians drawn from a new survey conducted in late 2009. We use … matching methods to improve the identification of the effect of corruption scandals on trust, comparing municipalities affected …
Persistent link: https://www.econbiz.de/10010375152
&D investment, and derive predictions on the effects of trust and competition on suppliers' investment and buyers' procurement … automotive industry. Consistent with the model's predictions, higher levels of trust are associated with higher investment levels … - but also with more competitive procurement: trust and rents from reduced supplier competition in the procurement process …
Persistent link: https://www.econbiz.de/10010485523
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
Economic growth is propelled in part by the accumulation of different kinds of capital, including social capital in its several guises. This paper considers the interplay between financial crises and various aspects of social capital which, if it is allowed to depreciate, can undermine economic...
Persistent link: https://www.econbiz.de/10011288794
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
levels of trust and reduced social activity in post-reunification Germany. We also find substantial and long-lasting economic …
Persistent link: https://www.econbiz.de/10011521867