Religiosity and risk-taking in international banking

Kanagaretnam, Kiridaran; Lobo, Gerald J.; Wang, Chong; Whalen, Dennis J.

doi:10.1016/j.jbef.2015.07.004

Cited by 55 publications

(10 citation statements)

References 68 publications

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“…However, this finding seems to contradict (given the link between OC and risk-taking) earlier research reporting negative relation between religiosity and risk-taking (see e.g. [46,47]). In addition, it seems that both sexes are more OC in countries (29 of them in our dataset) where more respondents state that rule by one strong leader would be good for their country.…”

Section: Male and Female Occontrasting

confidence: 79%

Gender inequality and national gender gaps in overconfidence

2021

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Using a large dataset of marathon runners, we estimate country- and gender-specific proxies for overconfidence. Subsequently, we correlate them with a number of indices, including various measures of gender equality. We find that in less gender-equal countries both males and females tend to be more self-confident than in more equal countries. While a substantial gender gap in overconfidence is observed, it only correlates with some sub-indices of gender equality. We conclude that there is likely a weak relationship between OC gender gap and gender inequality.

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Section: Male and Female Occontrasting

confidence: 79%

Gender inequality and national gender gaps in overconfidence

2021

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“…Numerous studies provide empirical evidence suggesting a strong association between religiosity and risk aversion (Adhikari & Agrawal, 2016;Barsky et al, 1997;Bartke & Schwarze, 2008;Díez-Estebana et al, 2019;Gao et al, 2017;Kanagaretnam et al, 2015). The impact of religiosity through risk aversion is well documented.…”

Section: Development Of Hypothesesmentioning

confidence: 99%

The impact of catholic religion on earnings management: A case of Poland

Grabiński

Wójtowicz

2021

Financ Manag Account

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This paper investigated the impact of religiosity on accrual and real earnings management. Unlike most previous studies which consider this issue in a multi-religious setting, we use a mono-religious setting, specifically Poland where the Roman Catholic Church holds a dominant position. Thus, we are able to study the impact of religiosity on earnings management ignoring the impact of different religious denominations magnified by cultural factors. Our study focuses on the impact the Catholic religion has on earnings management. A novelty of this study is our proxy for religiosity. We use the communicantes ratio applicable only to Catholic and Orthodox denominations. This study contributes to the Note: This table presents the regression results for the H1 and H2. Panel A reports coefficients for AEM i,t model and Panel B for REM i,t model estimated using cross-sectionally using a GLS estimation method.

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“…Consistent findings from religiosity studies show that religious individuals tend to hold traditional or conservative views in decision-making (Gundolf and Filser, 2013). Additionally, a positive relationship exists between conservatism and greater levels of risk aversion (Kanagaretnam et al , 2015). Therefore, it is suggested that religious subjects are conservative and perceive high risks in decision-making (Callen and Fang, 2015).…”

Section: Theory and Hypotheses Formulationmentioning

confidence: 99%

Financial analysts’ personal values, perceived behavioural risk and investment decisions in evaluating CSR

Shahid

Tufail

Ali

et al. 2023

IMEFM

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Purpose This paper aims to contribute to the corporate social responsibility (CSR) literature by providing holistic insights into financial analysts’ personal values, perceived behavioural risk and investment decisions relating to the social aspects of CSR. Specifically, this paper examines whether analysts’ personal values, such as religiosity, spirituality and social consciousness, influence their investment decisions relating to a highly profitable firm that is alleged of exploiting labour rights. This study also examines the mediating role of analysts’ perceived behavioural risk between personal values and investment decisions. Design/methodology/approach Data were collected, using a scenario-based survey, from 145 financial analysts at both public and private companies in Pakistan. Findings The results show that analysts’ values, including religiosity, spirituality and social consciousness, have a significant negative impact on their investment decisions. The results also demonstrate that perceived behavioural risk mediates the relationship between these values and investment decisions. Practical implications This study has implications for the globalised business world, regulators and researchers for incorporating personal and ethical values into risk and investment decision-making. Originality/value This study establishes the importance of analysts’ personal values in risky investment decision-making.

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Religiosity and risk-taking in international banking

Cited by 55 publications

References 68 publications

Gender inequality and national gender gaps in overconfidence

Gender inequality and national gender gaps in overconfidence

The impact of catholic religion on earnings management: A case of Poland

Financial analysts’ personal values, perceived behavioural risk and investment decisions in evaluating CSR

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