This study is motivated by the theoretical and empirical argument that assert an important association between religion … Fang, 2016; Li and Cai; 2018). We study the impact of religion, as informal institutions, on stock price crash risk around … the world using a large cross-country panel data and attempt to establish causality by using physical instruments (2SLS …

sector that preceded it. The sources of good behavior are multiple but religion ranks high among them. In thinking about the … role of religion, most people think first of Judaism, Christianity and other traditional religions. The concept of religion … twentieth century. This paper argues that many people on Wall Street once believed in an American "civil religion" that was …