Admati, A. R., Pfleiderer, P., & Zechner, J. (1994). Large shareholder activism, risk sharing, and financial market equilibrium. Journal of Political Economy,
Agarwal, S., & Hauswald, R. (2010). Distance and private information in lending. Review of Financial Studies,
Albuquerue, R., & Wang, N. (2008). Agency conflicts, investment, and asset pricing. Journal of Finance,
Ali, A. J., Camp, R. C., & Gibbs, M. (2005). The concept of ‘free agency’ in monotheistic religions: Implications for global business. Journal of Business Ethics,
Amihud, Y. (2002). Illiquidity and stock returns: Cross-section and time-series effects. Journal of Financial Markets,
Andreski, S. (1969). Parasitism and subversion: The case of Latin America. New York: Schocken Books.
Angelidis, J., & Ibrahim, N. (2004). An exploratory study of the impact of degree of religiousness upon an individual’s corporate social responsiveness orientation. Journal of Business Ethics,
Arruñada, B. (2010). Protestants and Catholics: Similar work ethic, different social ethic. Economic Journal,
Attig, N., Guedhami, O., & Mishra, D. (2008). Multiple large shareholders, control contests, and implied cost of equity. Journal of Corporate Finance,
Attig, N., Cleary, S. W., El Ghoul, S., & Guedhami, O. (2011). Institutional investment horizons and the cost of equity capital. Working Paper.
Baker, H. K., Nofsinger, J. R., & Weaver, D. G. (2002). International cross-listing and visibility. Journal of Financial and Quantitative Analysis,
Barro, R. J., & McCleary, R. M. (2003). Religion and economic growth across countries. American Sociological Review,
Barry, C. B., & Brown, S. J. (1985). Differential information and security market equilibrium. Journal of Financial and Quantitative Analysis,
Barth, M. E., Hodder, L. D., & Stubben, S. R. (2008). Fair value accounting for liabilities and own credit risk. The Accounting Review,
Becker, S. O., & Woessmann, L. (2009). Was Weber wrong? A human capital theory of Protestant economic history. Quarterly Journal of Economics,
Benjamin, D. J., Choi, J. J., & Fisher, G. (2010). Religious identity and economic behavior. Working paper.
Botosan, C. A., & Plumlee, M. A. (2005). Assessing alternative proxies for the expected risk premium. The Accounting Review,
Boyd, R., & Richerson, P. J. (1985). Culture and the evolutionary process. Chicago: University of Chicago Press.
Brammer, S., Williams, G., & Zinkin, J. (2007). Religion and attitudes to corporate social responsibility in a large cross-country sample. Journal of Business Ethics,
Brennan, M. J., & Tamarowski, C. (2000). Investor relations, liquidity, and stock prices. Journal of Applied Corporate Finance,
Bushee, B. J., & Miller, G. S. (2011). Investor relations, firm visibility, and investor following. Working paper.
Bushee, B. J., & Noe, C. F. (2000). Corporate disclosure practices, institutional investors, and stock return volatility. Journal of Accounting Research,
Butler, A. W. (2008). Distance still matters: Evidence from municipal bond underwriting. Review of Financial Studies,
Chava, S., & Purnanandam, A. (2010). Is default risk negatively related to stock returns? Review of Financial Studies,
Chen, K. C. W., Chen, Z., & Wei, K.-C. K. (2009). Legal protection of investors, corporate governance, and the cost of equity capital. Journal of Corporate Finance,
Chen, K. C. W., Chen, Z., & Wei, K.-C. K. (2011). Agency costs of free cash flow and the effect of shareholder rights on the implied cost of equity capital. Journal of Financial and Quantitative Analysis,
Chiswick, B. R. (1983). The earnings and human capital of American Jews. Journal of Human Resources,
Chiswick, B. R. (1985). Review: Jewish adjustment in Western Countries. Contemporary Sociology,
Christoffersen, S. E., & Sarkissian, S. (2009). City size and fund performance. Journal of Financial Economics,
Cialdini, R. B., & Goldstein, N. J. (2004). Social influence: Compliance and conformity. Annual Review of Psychology,
Claus, J., & Thomas, J. (2001). Equity premia as low as three percent? Evidence from analysts’ earnings forecasts for domestic and international stock markets. Journal of Finance,
Cochran, J. K., & Akers, R. L. (1989). Beyond hellfire: An exploration of the variable effects of religiosity on adolescent marijuana and alcohol use. Journal of Research in Crime and Delinquency,
Cohen, D. A., Dey, A., & Lys, T. Z. (2008a). Real and accrual-based earnings management in the pre- and post-Sarbanes–Oxley periods. The Accounting Review,
Cohen, L., Frazzini, A., & Malloy, C. (2008b). The small world of investing: Board connections and mutual fund returns. Journal of Political Economy,
Coles, J. L., Loewenstein, U., & Suay, J. (1995). On equilibrium pricing under parameter uncertainty. Journal of Financial and Quantitative Analysis,
Coval, J. D., & Moskowitz, T. J. (1999). Home bias at home: Local equity preference in domestic portfolios. Journal of Finance,
Degryse, H. A., & Steven Ongena, R. G. (2005). Distance, lending relationships, and competition. Journal of Finance,
Del Guercio, D., & Hawkins, J. (1999). The motivation and impact of pension fund activism. Journal of Financial Economics,
Dhaliwal, D., Heitzman, S., & Li, O. Z. (2006). Taxes, leverage, and the cost of equity capital. Journal of Accounting Research,
Dhaliwal, D., Krull, L., Li, O. Z., & Moser, W. (2005). Dividend taxes and implied cost of equity capital. Journal of Accounting Research, 43, 675–708.
Duggal, R., & Millar, J. A. (1999). Institutional ownership and firm performance: The case of bidder returns. Journal of Corporate Finance,
Dyreng, S., Mayew, W. J., & Williams, C. D. (2010). Religious social norms and corporate financial reporting. Working paper.
Easton, P. D. (2004). PE ratios, PEG ratios, and estimating the implied expected rate of return on equity capital. The Accounting Review,
Easton, P. D. (2006). Use of forecasts of earnings to estimate and compare cost of capital across regimes. Journal of Business Finance & Accounting,
Easton, P. D., & Monahan, S. J. (2005). An evaluation of accounting-based measures of expected returns. The Accounting Review,
Easton, P. D., & Sommers, G. A. (2007). Effect of analysts’ optimism on estimates of the expected rate of return implied by earnings forecasts. Journal of Accounting Research,
El Ghoul, S., Guedhami, O., Ni, Y., Pittman, J. A., & Saadi, S. (2011, forthcoming). Does information asymmetry matter to equity pricing? Evidence from firm’s geographic location. Contemporary Accounting Research.
Ellison, C. G. (1991). Religious involvement and subjective well-being. Journal of Health and Social Behavior,
Elton, E. J. (1999). Expected return, realized return, and asset pricing tests. Journal of Finance,
Evans, T. D., Cullen, F. T., Dunaway, R. G., & Burton, V. S. (1995). Religion and crime reexamined: The impact of religion, secular controls, and social ecology on adult criminality. Criminology,
Fama, E. F., & French, K. R. (1992). The cross-section of expected stock returns. Journal of Finance,
Fama, E. F., & French, K. R. (1997). Industry costs of equity. Journal of Financial Economics,
Francis, B., Hasan, I., John, K., & Waisman, M. (2010). Urban agglomeration and CEO pay. Working paper.
Francis, J., LaFond, R., Olsson, P., & Schipper, K. (2005). The market pricing of accruals quality. Journal of Accounting and Economics,
Francis, J., Nanda, D., & Olsson, P. (2008). Voluntary disclosure, earnings quality, and cost of capital. Journal of Accounting Research,
French, K. R., & Poterba, J. M. (1991). Investor diversification and international equity markets. American Economic Review,
Gaspar, J.-M., Massa, M., & Matos, P. (2005). Shareholder investment horizons and the market for corporate control. Journal of Financial Economics,
Gebhardt, W. R., Lee, C. M. C., & Swaminathan, B. (2001). Toward an implied cost of capital. Journal of Accounting Research,
Georgarakos, D., & Pasini, G. (2010). Trust, sociability and stock market participation. Working paper.
George, A. St., & McNamara, P. H. (1984). Religion, race and psychological well-being. Journal for the Scientific Study of Religion,
Gillan, S. L., & Starks, L. T. (2000). Corporate governance proposals and shareholder activism: The role of institutional investors. Journal of Financial Economics,
Gode, D., & Mohanram, P. (2003). Inferring the cost of capital using the Ohlson–Juettner model. Review of Accounting Studies,
Gompers, P. A., & Metrick, A. (2001). Institutional investors and equity prices. Quarterly Journal of Economics,
Gordon, J. R., & Gordon, M. J. (1997). The finite horizon expected return model. Financial Analysts Journal,
Grier, R. (1997). The effect of religion on economic development: A cross national study of 63 former colonies. Kyklos,
Grinblatt, M., & Keloharju, M. (2001). How distance, language, and culture influence stockholdings and trades. Journal of Finance,
Gruber, J. H. (2005). Religious market structure, religious participation, and outcomes: Is religion good for you? NBER working paper.
Grullon, G., Kanatas, G., Weston, J. P. (2010). Religion and corporate (mis)behavior. Working paper.
Guay, W. R., Kothari, S. P., & Shu, S. (2011). Properties of implied cost of capital using analysts’ forecasts. Australian Journal of Management,
Guiso, L., Sapienza, P., & Zingales, L. (2003). People’s opium? Religion and economic attitudes. Journal of Monetary Economics,
Guiso, L., Sapienza, P., & Zingales, L. (2004). The role of social capital in financial development. American Economic Review,
Guiso, L., Sapienza, P., & Zingales, L. (2006). Does culture affect economic outcomes? Journal of Economic Perspectives,
Guiso, L., Sapienza, P., & Zingales, L. (2008). Alfred marshall lecture social capital as good culture. Journal of the European Economic Association, 6, 295–320.
Hail, L., & Leuz, C. (2006). International differences in the cost of equity capital: Do legal institutions and securities regulation matter? Journal of Accounting Research,
Hail, L., & Leuz, C. (2009). Cost of capital effects and changes in growth expectations around U.S. Cross-listings. Journal of Financial Economics,
Halek, M., & Eisenhauer, J. G. (2001). Demography of risk aversion. Journal of Risk and Insurance,
Harrison, L. E. (1985). Underdevelopment is a state of mind: The Latin American case. Lanham: University Press of America.
Hilary, G., & Hui, K. W. (2009). Does religion matter in corporate decision making in America? Journal of Financial Economics,
Hong, H., & Huang, M. (2005). Talking up liquidity: Insider trading and investor relations. Journal of Financial Intermediation,
Hong, H., Kubik, J. D., & Stein, J. C. (2004). Social interaction and stock-market participation. Journal of Finance,
Hong, H., Kubik, J. D., & Stein, J. C. (2008). The only game in town: Stock-price consequences of local bias. Journal of Financial Economics,
Hout, M., & Greeley, A. (1998). What church officials’ reports don’t show: Another look at church attendance data. American Sociological Review,
Huberman, G. (2001). Familiarity breeds investment. Review of Financial Studies,
Hutton, A. P., Marcus, A. J., & Tehranian, H. (2009). Opaque financial reports, R2
, and crash risk. Journal of Financial Economics,
Iannaccone, L. R. (1998). Introduction to the economics of religion. Journal of Economic Literature,
Inglehart, R., & Abramson, P. R. (1999). Measuring postmaterialism. American Political Science Review,
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics,
John, K., Knyazeva, A., & Knyazeva, D. (2011). Do shareholders care about geography? Journal of Financial Economics,
Kedia, S., & Rajgopal, S. (2009). Geography and the incidence of financial misreporting. Working paper.
Knyazeva, A., Knyazeva, D., & Masulis, R. (2011). Effects of local director markets on corporate boards. Working paper.
Krause, N., & Wulff, K. M. (2005). Church-based social ties, a sense of belonging in a congregation, and physical health status. International Journal for the Psychology of Religion,
Kumar, A., Page, J. K., & Spalt, O. G. (2011). Religious beliefs, gambling attitudes, and financial market outcomes. Journal of Financial Economics,
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. (1999). The quality of government. Journal of Law, Economics, and Organization,
Landes, D. (1998). The wealth and poverty of nations. London: Little, Brown, and Company.
Lang, M. H., & Lundholm, R. J. (1996). Corporate disclosure policy and analyst behavior. The Accounting Review,
Lesmond, D. A., Ogden, J. P., & Trzcinka, C. (1999). A new estimate of transaction costs. Review of Financial Studies,
Lewis, K. K. (1999). Trying to explain home bias in equities and consumption. Journal of Economic Literature,
Li, N. (2008). Religion, opportunism, and international market entry via non-equity alliances or joint ventures. Journal of Business Ethics,
Lombardo, D., & Pagano, M. (1999). Legal determinants of the return on equity. Working paper.
Longenecker, J. G., McKinney, J. A., & Moore, C. W. (2004). Religious intensity, evangelical christianity, and business ethics: An empirical study. Journal of Business Ethics,
Loughran, T. (2007). Geographic dissemination of information. Journal of Corporate Finance,
Loughran, T. (2008). The impact of firm location on equity issuance. Financial Management,
Loughran, T., & Schultz, P. (2005). Liquidity: Urban versus rural firms. Journal of Financial Economics,
Loughran, T., & Schultz, P. (2006). Asymmetric information, firm location, and equity issuance. Working paper.
Lundblad, C. (2007). The risk return tradeoff in the long run: 1836–2003. Journal of Financial Economics,
Malloy, C. J. (2005). The geography of equity analysis. Journal of Finance,
McCleary, R. M., & Barro, R. J. (2006). Religion and economy. Journal of Economic Perspectives,
McConnell, J. J., & Servaes, H. (1990). Additional evidence on equity ownership and corporate value. Journal of Financial Economics,
McGuire, S. T., Omer, T. C., & Sharp, N. Y. (2011). The impact of religion on financial reporting irregularities. The Accounting Review (in press).
Mehran, H., & Peristiani, S. (2009). Financial visibility and the decision to go private. Review of Financial Studies,
Merton, R. C. (1987). A simple model of capital market equilibrium with incomplete information. Journal of Finance,
Miller, A. S., & Hoffmann, J. P. (1995). Risk and religion: An explanation of gender differences in religiosity. Journal for the Scientific Study of Religion,
Morse, R. (1964). The heritage of Latin America. In L. Hartz (Ed.), The founding of new societies. New York: Harcourt, Brace, and World.
Myers, S. C. (1977). Determinants of corporate borrowing. Journal of Financial Economics,
Nesbitt, S. L. (1994). Long-term reward from shareholder activism: A study of the “CalPERS effect”. Journal of Applied Corporate Finance,
Ohlson, J. A. (1995). Earnings, book values, and dividends in equity valuation. Contemporary Accounting Research, 11, 661–687.
Ohlson, J., & Juettner-Nauroth, B. (2005). Expected EPS and EPS growth as determinants of value. Review of Accounting Studies,
Omer, T. C., Sharp, N. Y., & Wang, D. D. (2010). Do local religious norms affect auditors going concern decisions? Working paper.
Parboteeah, K. P., Hoegl, M., & Cullen, J. (2008). Ethics and religion: An empirical test of a multidimensional model. Journal of Business Ethics,
Parrino, R., Sias, R. W., & Starks, L. T. (2003). Voting with their feet: Institutional ownership changes around forced CEO turnover. Journal of Financial Economics,
Pastor, D., Sinha, M., & Swaminathan, B. (2008). Estimating the intertemporal risk-return tradeoff using the implied cost of capital. Journal of Finance,
Pescosolido, B. A., & Georgianna, S. (1989). Durkheim, suicide, and religion: Toward a network theory of suicide. American Sociological Review, 54, 33–48.
Putnam, R. D. (1993). Making democracy work: Civic traditions in modern Italy. Princeton: Princeton University Press.
Renneboog, L., & Spaenjers, C. (2011). Religion, economic attitudes, and household finance. Oxford Economic Papers.
Roll, R. (1984). A simple implicit measure of the effective bid-ask spread in an efficient market. Journal of Finance,
Seul, J. R. (1999). ‘Ours is the way of God’: Religion, identity, and intergroup conflict. Journal of Peace Research,
Shleifer, A., & Vishny, R. W. (1986). Large shareholders and corporate control. Journal of Political Economy,
Shu, T., Sulaeman, J., & Yeung, E. (2010). Local religious beliefs and organizational risk-taking behaviors. Working paper.
Smith, M. P. (1996). Shareholder activism by institutional investors: Evidence from CalPERS. Journal of Finance,
Stulz, R. M. (1999). Globalization of equity markets and the cost of capital. Working paper.
Stulz, R. M., & Williamson, R. (2003). Culture, openness, and finance. Journal of Financial Economics,
Tesar, L. L., & Werner, I. M. (1995). U.S. equity investment in emerging stock markets. World Bank Economic Review,
Torgler, B., & Schneider, F. (2009). The impact of tax morale and institutional quality on the shadow economy. Journal of Economic Psychology,
Uysal, V. B., Kedia, S., & Panchapagesan, V. (2008). Geography and acquirer returns. Journal of Financial Intermediation,
Vitell, S. J. (2009). The role of religiosity in business and consumer ethics: A review of the literature. Journal of Business Ethics,
Vitell, S. J., Bing, M. N., Davison, H. K., Ammeter, A. P., Garner, B. L., & Novicivec, M. M. (2009). Religiosity and moral identity: The mediating role of self-control. Journal of Business Ethics,
Vitell, S. J., Paolillo, J. G. P., & Singh, J. (2005). Religiosity and consumer ethics. Journal of Business Ethics,
Vitell, S. J., Singh, J., & Paolillo, J. G. P. (2007). Consumers’ ethical beliefs: The roles of money, religiosity and attitude toward business. Journal of Business Ethics,
Weber, M. (1905). The Protestant ethic and the spirit of Capitalism. London: Allen & Unwin.
Welch, M. R., Sikkink, D., & Loveland, M. T. (2007). The radius of trust: Religion, social embeddedness and trust in strangers. Social Forces,
Winter, M., & Short, C. (1993). Believing and belonging: Religion in rural England. The British Journal of Sociology,