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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...
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economically relevant aspect of social capital, trust. We use measures of trust in strangers (or social trust), trust in neighbours … and trust in the police. We address endogeneity in the use of SNS by exploiting the variation in the availability of … infrastructures. We find that all the proxies of trust significantly decrease with participation in online networks. We discuss …
Persistent link: https://www.econbiz.de/10011527256
classic simple bargaining games (ultimatum, dictator, and trust games). Specifically, we experimentally manipulate sleep … time‐of‐day of the decisions. We find a robust result of increased greed, reduced trust, and reduced trustworthiness …
Persistent link: https://www.econbiz.de/10011450381
incorporates three key dimensions of personal social capital; (i) structural (personal ties), (ii) cognitive (trust) and (iii … argue that tolerance acts as a bridging mechanism between trust and ties in affecting overall wellbeing. Using ordered … improves life satisfaction. Of the social capital indicators, we find that trust in institutions has the largest marginal …
Persistent link: https://www.econbiz.de/10012020044
more effective when contracts are unverifiable because they help market participants overcome problems of trust. On the …
Persistent link: https://www.econbiz.de/10012022699
A person's reach of efficient economic activities is strongly influenced by the extent to which she grants trust … towards other people. The radius of trust has recently gained interest as a concept to elucidate the underlying principles of … how far a person extends her trust. However, empirical research on the radius of trust has up to now only been grounded in …
Persistent link: https://www.econbiz.de/10012099818
-essential visitation, we find that: stay-at-home orders reduce mobility by about 8-10 percentage points; high-trust counties decrease their … mobility significantly more than low-trust counties post-lockdown; and counties with relatively more self-declared democrats … especially large for trust in the press, and relatively smaller for trust in science, medicine or government. …
Persistent link: https://www.econbiz.de/10012213204
- essential visitation, we find that: stay-at-home orders reduce mobility by about 8{10 percentage points; high-trust counties … decrease their mobility significantly more than low-trust counties post-lockdown; and counties with relatively more self …-lockdown is especially large for trust in the press, and relatively smaller for trust in science, medicine or government. …
Persistent link: https://www.econbiz.de/10012221757