Does Religion Matter to Equity Pricing?
For a sample comprising 36,105 U.S. firm-year observations from 1985 to 2008, we find that firms located in more religious counties enjoy cheaper equity financing costs. This result is robust to a battery of sensitivity tests, including alternative assumptions and model specifications, additional co...
Auteurs: | ; ; ; ; |
---|---|
Type de support: | Électronique Article |
Langue: | Anglais |
Vérifier la disponibilité: | HBZ Gateway |
Journals Online & Print: | |
Fernleihe: | Fernleihe für die Fachinformationsdienste |
Publié: |
Springer Science + Business Media B. V
2012
|
Dans: |
Journal of business ethics
Année: 2012, Volume: 111, Numéro: 4, Pages: 491-518 |
Sujets non-standardisés: | B
Investor Protection
B Religion B Cost of equity capital B Gouvernement d'entreprise |
Accès en ligne: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |