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bank in Indonesia. In our main treatment, clients receive a text message stating that “non-repayment of debts by someone …
Persistent link: https://www.econbiz.de/10013014296
institution fostered the entrenchment of Islamism at a critical juncture in Indonesia, the world's largest Muslim country. In the …
Persistent link: https://www.econbiz.de/10012909513
Indonesia has a tradition of corruption among local officials who harass and collect bribes from firms. Corruption … level data set for 2001 that benchmarks bribing activity and harassment at the time when Indonesia decentralized key …. Islamic parties in Indonesia are perceived as being anti-corruption. Our data show voting patterns reflect this belief and …
Persistent link: https://www.econbiz.de/10013217237
Credit scoring was introduced in India in 2007. We study the pace of its adoption by new private banks (NPBs) and state-owned or public sector banks (PSBs). NPBs adopt scoring quickly for all borrowers. PSBs adopt scoring quickly for new borrowers but not for existing borrowers. Instrumental...
Persistent link: https://www.econbiz.de/10012889500
We examine how executives' behavior outside the workplace, as measured by their ownership of luxury goods (low "frugality") and prior legal infractions, is related to financial reporting risk. We predict and find that CEOs and CFOs with a legal record are more likely to perpetrate fraud. In...
Persistent link: https://www.econbiz.de/10013107519
We study which dimensions of corporate culture are related to a firm's performance and why. We find that proclaimed values appear irrelevant. Yet, when employees perceive top managers as trustworthy and ethical, firm's performance is stronger. We then study how different governance structures...
Persistent link: https://www.econbiz.de/10013074277
Social progress through improved treatment of minority groups (the embrace of anti-racist and anti-sexist norms, for example) may or may not spread to corporate cultures through competition. Sometimes the market fails to adapt on its own and government must pass legislation to secure changes in...
Persistent link: https://www.econbiz.de/10012893989
Foreign-owned firms from advanced countries carry the culture of transparency in business transactions that is orthogonal to the culture of hiding and insider dealing in many developing economies and economies in transition. In this paper, we document this using administrative data on reported...
Persistent link: https://www.econbiz.de/10013112846
While both cultural and legal norms (institutions) help foster cooperation, culture is the more primitive of the two and itself sustains formal institutions. Cultural changes are rarer and slower than changes in legal institutions, which makes it difficult to identify the role played by culture....
Persistent link: https://www.econbiz.de/10013027280
Between one-third and one-half of employees participate directly in company performance through profit sharing, gainsharing, employee ownership, or stock options. This flies in the face of concerns about the free rider problem and worker risk aversion in group incentives, and raises many...
Persistent link: https://www.econbiz.de/10012770670