Durand, Robert B.; Koh, SzeKee; Tan, Paul LiJian - In: Pacific-Basin Finance Journal 21 (2013) 1, pp. 899-913
Hong and Kacperczyk (2009) argue that social norms against sin stocks influence investor behavior and corporate financial policies. This paper examines “sin” stocks in seven Pacific-Basin markets that exhibit a variety of social norms: Australia, India, Japan, South Korea, Malaysia, New...
