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...

A new fuel consumption standard for passenger vehicles in China, the so-called Phase 3 standard, was approved technically in 2009 and will take effect in 2012. This standard aims to introduce advanced energy-saving technologies into passenger vehicles and to reduce the average fuel consumption...

The purpose of the paper is to present possible approaches of the innovative potential of the regions, with an empirical application concerning the relation between characteristics of regions (scientific and technological density) and the firm’s competencies. Regions, which are territories...