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We establish an inverse relationship between family ties, generalized trust and political participation. The more individuals rely on the family as a provider of services, insurance, transfer of resources, the lower is civic engagement and political participation. The latter, together with...
Persistent link: https://www.econbiz.de/10003832188
We establish an inverse relationship between family ties, generalized trust and political participation. The more individuals rely on the family as a provider of services, insurance, transfer of resources, the lower is civic engagement and political participation. The latter, together with...
Persistent link: https://www.econbiz.de/10013159947
We validate survey measures of social capital with a new behavioral data set that examines whether citizens report a lost wallet to its owner. Using data from more than 17,000 lost wallets across 40 countries, we find that survey measures of social capital - especially questions concerning...
Persistent link: https://www.econbiz.de/10012390078
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
We extend prior literature by showing that societal trust is a significant determinant of corporate investment policy. Firms in countries with a higher level of societal trust are less prone to underinvestment. We posit that the association between trust and underinvestment relates to a...
Persistent link: https://www.econbiz.de/10014362162
Persistent link: https://www.econbiz.de/10014333730
freedoms and tolerance. It is argued that tolerance is essential for innovation because its creates an open environment where …-investigates whether and to which extent notions of social and institutional trust affect the impact of tolerance on innovation using an … that tolerance and trust play an important role in stimulating innovation performance, however, the exact nature of the …
Persistent link: https://www.econbiz.de/10011814088
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