Religious beliefs and local government financing, investment, and cash holding decisions
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- 作者：Yangyang Chena ; yangyang.chen@polyu.edu.hk" class="auth_mail" title="E-mail the corresponding author ; Zoltan Murgulovb ; zoltan.murgulov@monash.edu" class="auth_mail" title="E-mail the corresponding author ; S. Ghon Rheec ; rheesg@hawaii.edu" class="auth_mail" title="E-mail the corresponding author ; Madhu Veeraraghavand ; Madhuveeraraghavan@tapmi.edu.in" class="auth_mail" title="E-mail the corresponding author
- 关键词：Religiosity ; Risk-taking ; Local government financing ; Local government investment ; Local government cash holdings
- 刊名：Journal of Empirical Finance
- 出版年：2016
- 出版时间：September 2016
- 年：2016
- 卷：38
- 期：part_PA
- 页码：258-271
- 全文大小：543 K
文摘
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Religiosity is negatively related to municipal government debt and investments.
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Religiosity is positively related to municipal government cash holdings.
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Governments in counties with high religiosity are more conservatively managed.