Review of "Religious Beliefs, Gambling Attitudes and Financial Market Outcomes"
-
- Taschenbuch ausgewählt
- eBook
Fr. 28.90
inkl. MwSt,
-
Kostenlose Lieferung ab Fr. 30 Einkaufswert Mehr erfahren
Schweiz & Liechtenstein:
Versandkostenfrei ab Fr. 30.00
Versandkosten bis Fr. 30.00: Fr. 3.50Andere Lieferländer
Fr. 18.00 unabhängig vom Warenwert
Beschreibung
Details
Einband
Taschenbuch
Erscheinungsdatum
16.06.2015
Verlag
GRINSeitenzahl
24
Maße (L/B/H)
21/14.8/0.3 cm
Gewicht
51 g
Auflage
1. Auflage
Sprache
Englisch
ISBN
978-3-656-97801-5
Seminar paper from the year 2014 in the subject Business economics - Miscellaneous, grade: 1.0, University Heidelberg Alfred-Weber-Institut of Economics, course: Religion and Financial Behavior, language: English, abstract: As religious faith plays a crucial role in people's lives and largely influences their behavior as well as their decision making, the study of religiosity has a long tradition in many social science disciplines. Nevertheless, this relationship became only a topic of interest in modern economic studies since the last quarter of the twentieth century, when Ehrenberg and Azzi (1975) developed a utility-maximizing model taking into account both lifetime and afterlife utility (see, for example, Iannaccone, 1998; Jackson and Fleischer, 2007). In 2012, around 91% of the US American population professed to "believe in God or a universal spirit" (Lugo, 2012), suggesting that if religion does shape economic behavior, it should also affect aggregate market outcome. Hence, studies investigate both microand macroeconomic effects of religiosity 2 , while some recent papers specifically address the relationship between religion and financial decisions: risk aversion and speculative behavior in particular are believed to depend on religious adherence. Not only have studies linked religiosity with a higher level of pure risk aversion in corporate decision making (Hilary and Hui, 2009), but also suggests current research that religious beliefs spill over in investment decisions due to different notions of gambling. For instance, Kumar (2009) found Catholics to be more willing to take on speculative risk by investing more in risky stocks than Protestants do. This paper aims to critically review Kumar, Page, and Spalt (2011) and structures as follows: firstly the theoretical framework of gambling in economics will be presented with a focus on cumulative prospect theory and its implications for asset pricing. Then follows a comprehensive overview of the theoretical background and empirical findings of the paper with focus on the influence of religion on investors' portfolio decisions and on overpricing of initial public offerings. The subsequent section discusses the hypotheses of Kumar, Page, and Spalt (2011). Eventually, the last section concludes with a summary of the main findings in a broader context and with an outlook on future research.
Weitere Bände von Aus der Reihe: e-fellows.net stipendiaten-wissen
-
Influences of Firm- and Macro-Level Determinants on the Probability of Cross-Border Mergers and Acquisitions von Ricardo Falter
Ricardo Falter
Influences of Firm- and Macro-Level Determinants on the Probability of Cross-Border Mergers and AcquisitionsBuch
Fr. 58.90
-
Superstition. Nothing Is Incredible Enough Not to Be Believed In von Lisa-Sophie Schöben
Lisa-Sophie Schöben
Superstition. Nothing Is Incredible Enough Not to Be Believed InBuch
Fr. 21.90
-
The Effect of Information on Supply Chain Management von Annegret Bätz
Annegret Bätz
The Effect of Information on Supply Chain ManagementBuch
Fr. 58.90
-
Recognition of Revenue From Construction Contracts According to IFRS von Elias Fiebig
Elias Fiebig
Recognition of Revenue From Construction Contracts According to IFRSBuch
Fr. 41.90
-
Does denying same sex-marriage conflict with the American Dream? von Wiebke Marie Bremen
Wiebke Marie Bremen
Does denying same sex-marriage conflict with the American Dream?Buch
Fr. 21.90
-
Corporate Governance in Germany and the US von Marcus Fuchs
Marcus Fuchs
Corporate Governance in Germany and the USBuch
Fr. 24.90
-
Complementary Innovation in Platform-Centric Ecosystems. An Entegrated View von Konstantin Kugler
Konstantin Kugler
Complementary Innovation in Platform-Centric Ecosystems. An Entegrated ViewBuch
Fr. 66.90
-
Counterparty Credit Exposure. An Intuitive Guide to Credit Exposure Measurement von Frederik Wulf
Frederik Wulf
Counterparty Credit Exposure. An Intuitive Guide to Credit Exposure MeasurementBuch
Fr. 28.90
-
The Future of Television. To Infinity and Beyond Reality von Vinca Michaelis
Vinca Michaelis
The Future of Television. To Infinity and Beyond RealityBuch
Fr. 26.90
-
Human Processor Models to Outline the Pilot Assistance Required for Single Pilot Operations von Jan Lukas Augustin
Jan Lukas Augustin
Human Processor Models to Outline the Pilot Assistance Required for Single Pilot OperationsBuch
Fr. 66.90
-
A Sport for Development and Peace framework that facilitates moral development through liberal education and sport von Ingo Steffgen
Ingo Steffgen
A Sport for Development and Peace framework that facilitates moral development through liberal education and sportBuch
Fr. 58.90
-
Review of "Religious Beliefs, Gambling Attitudes and Financial Market Outcomes" von Maximiliane Brecht
Maximiliane Brecht
Review of "Religious Beliefs, Gambling Attitudes and Financial Market Outcomes"Buch
Fr. 28.90
Unsere Kundinnen und Kunden meinen
Verfassen Sie die erste Bewertung zu diesem Artikel
Helfen Sie anderen Kund*innen durch Ihre Meinung
Erste Bewertung verfassen