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Do crises make people more prosocial? And what role does communication play in promoting such attitudes and behavior? These answers matter for post-crisis economic recovery as social capital has been linked to growth. We leverage the incidence of COVID-19 --a multifaceted global crisis-- and...
Persistent link: https://www.econbiz.de/10013223717
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
Persistent link: https://www.econbiz.de/10011738929
In the aftermath of the financial crisis trust, in the European Central Bank (ECB) has reached an historical low. Taking panel data and using a fixed effects DFGLS estimation for a 12–country sample over the time period 1999 to 2011 with a total of 312 observations, this paper detects a...
Persistent link: https://www.econbiz.de/10013114710
"This book seeks to empirically explore the relationship between a number of variables, including consumer confidence …This book seeks to empirically explore the relationship between a number of variables, including consumer confidence …
Persistent link: https://www.econbiz.de/10011287701
This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...
Persistent link: https://www.econbiz.de/10011410623
empirically revisit the traditional financial development proxies relationship with economic growth after world's second greatest …
Persistent link: https://www.econbiz.de/10012952859
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