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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
The paper extends Breggren et al. (2008, EE) on "trust and growth: a shaky relationship" by incorporating recent … developments in the trust-growth literature and using a robust methodological underpinning that accounts for the presence of … documented positive trust-growth nexus is broadly confirmed. Secondly, when initial levels of growth come into play in …
Persistent link: https://www.econbiz.de/10011409952
Fairness can be an important factor that promotes social trust among people. In this paper, I investigate empirically … whether fairness between men and women increases social trust. Using the data of the World Value Survey from 91 countries, I … find that gender discriminatory values negatively affect the trust level of both men and women, while actual conditions on …
Persistent link: https://www.econbiz.de/10010491793
This paper studies the relationship between trust and foreign direct investment (FDI) in a crosssection of countries …. Accounting for the issue endogeneity, this paper suggests that countries with a higher level of generalized trust attract more … FDI than the low-trust countries. -- trust ; Foreign Direct Investment ; causality …
Persistent link: https://www.econbiz.de/10009686682
Persistent link: https://www.econbiz.de/10012060270
suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the … lack of trust between trading partners, e.g. because of cultural differences and habits, or because of insufficient …
Persistent link: https://www.econbiz.de/10011334351
Persistent link: https://www.econbiz.de/10012201137
Since trust correlates with economic development and in turn economic development associates with political regime, we … conjecture that there may be a relationship between trust and political regime. We investigate if trust aggregated on the country …
Persistent link: https://www.econbiz.de/10012212836
not just public health and the economy but also societies. We focus on one pillar of society-trust-and explore how trust … unemployed exhibit lower trust in people, institutions, and in general. By contrast, no such differences exist for those who have …
Persistent link: https://www.econbiz.de/10012233710
Persistent link: https://www.econbiz.de/10012237159