Showing 1 - 10 of 588
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
Persistent link: https://www.econbiz.de/10003867650
Persistent link: https://www.econbiz.de/10011526969
Persistent link: https://www.econbiz.de/10010495440
mean by confidenceʺ, what the differences between optimism and confidence are and how the onset of confidence can possibly … be explained. Also, we analyze the economic effects of a lack of or the erosion of confidence. The paper intends to … provide a comprehensive view on the major effects of confidence on economic growth, the business cycle, its relation to income …
Persistent link: https://www.econbiz.de/10002608961
Persistent link: https://www.econbiz.de/10001960851
During the 2008-2009 financial crisis, firms with high social capital, measured as corporate social responsibility (CSR) intensity, had stock returns that were four to seven percentage points higher than firms with low social capital. High-CSR firms also experienced higher profitability, growth,...
Persistent link: https://www.econbiz.de/10013005370
Social capital is a key factor affecting the functioning of financial markets (Guiso, Sapienza and Zingales, 2004). However, the estimation of the effect of social capital on credit markets is notoriously difficult. In this paper we exploit the recent Lehman Brothers crisis and a rich dataset to...
Persistent link: https://www.econbiz.de/10013023488
equilibrium states coexist: a well-connected network where confidence is high, and a poorly connected network where confidence is …
Persistent link: https://www.econbiz.de/10013032396
Persistent link: https://www.econbiz.de/10012493864