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...
| Authors: | ; ; ; ; |
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| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer Science + Business Media B. V
2012
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| In: |
Journal of business ethics
Year: 2012, Volume: 111, Issue: 4, Pages: 491-518 |
| Further subjects: | B
Corporate governance
B Investor Protection B Religion B Cost of equity capital |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |