Exploring the Effect of Religious Piety on Corporate Governance: Evidence from Anti-takeover Defenses and Historical Religious Identification

Because religious piety induces individuals to be more honest and risk averse, it makes managers less likely to exploit shareholders, thereby mitigating the agency conflict and potentially influencing governance arrangements. We exploit the variation in religious piety across the U.S. counties and i...

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Bibliographic Details
Authors: Chintrakarn, Pandej (Author) ; Jiraporn, Pornsit (Author) ; Tong, Shenghui (Author) ; Chatjuthamard, Pattanaporn (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2017
In: Journal of business ethics
Year: 2017, Volume: 141, Issue: 3, Pages: 469-476
Further subjects:B Corporate governance
B Religious piety
B Anti-takeover
B Religion
B G34
B Z12
B Takeover defenses
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