We examine whether regional social capital has any impact on idiosyncratic return volatility. Using US data, we find that firms headquartered in high social capital counties exhibit significantly lower idiosyncratic return volatility. This effect is more pronounced in the presence of financial...

Initial Public Offering (IPO) outcomes are affected by the social capital of firm's chief executive officer (CEO), proxied by CEO's network centrality that identifies individual position within the hierarchy of all business executives worldwide. IPOs with CEOs who possess higher social capital...

In this study, we examine the effect of social capital on stock price crash risk. We find that firms headquartered in U.S. counties with higher levels of social capital exhibit lower levels of future stock price crash risk. This finding is incremental to the effect of local religiosity. We also...