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Religiosity and financial distress in US firm

Research output: Contribution to journalArticlepeer-review

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Religiosity and financial distress in US firm. / Gharbi, Ines; Hamed-Sidhom, Mounira; Hussainey, Khaled; Ganouati, Janet.

In: International Journal of Finance and Economics, 23.08.2020.

Research output: Contribution to journalArticlepeer-review

Harvard

Gharbi, I, Hamed-Sidhom, M, Hussainey, K & Ganouati, J 2020, 'Religiosity and financial distress in US firm', International Journal of Finance and Economics. https://doi.org/10.1002/ijfe.1994

APA

Gharbi, I., Hamed-Sidhom, M., Hussainey, K., & Ganouati, J. (2020). Religiosity and financial distress in US firm. International Journal of Finance and Economics. https://doi.org/10.1002/ijfe.1994

Vancouver

Gharbi I, Hamed-Sidhom M, Hussainey K, Ganouati J. Religiosity and financial distress in US firm. International Journal of Finance and Economics. 2020 Aug 23. https://doi.org/10.1002/ijfe.1994

Author

Gharbi, Ines ; Hamed-Sidhom, Mounira ; Hussainey, Khaled ; Ganouati, Janet. / Religiosity and financial distress in US firm. In: International Journal of Finance and Economics. 2020.

Bibtex

@article{0cdaec4bbbf04d2fb216972d0eb3c307,
title = "Religiosity and financial distress in US firm",
abstract = "In our paper, we try to test the global impact of religiosity on firm{\textquoteleft}s durability. Given that religious firms are more ethics and take less risk, they avoid the costs of misconduct, and they benefit from the good reputation and the excellent relationship with their stakeholders. So, we predict that higher degrees of religiosity can reduce the financial distress. According to this prediction, we detect that corporates headquarters situated in more religious U.S. counties are probably less to suffer from financial problems. We also note that this negative relation becomes stronger during the crisis period. We conclude that the lack of religiosity is a significant cause of the financial difficulty.",
keywords = "Religiosity, ethics, risk aversion, financial distress, embargoover12",
author = "Ines Gharbi and Mounira Hamed-Sidhom and Khaled Hussainey and Janet Ganouati",
note = "24 months embargo. This is the peer reviewed version of the following article: Religiosity and financial distress in U.S. firms, which has been published in final form at DOI: 10.1002/ijfe.1994. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions.",
year = "2020",
month = aug,
day = "23",
doi = "10.1002/ijfe.1994",
language = "English",
journal = "International Research Journal of Finance and Economics",
issn = "1450-2887",
publisher = "EuroJournals, Inc.",

}

RIS

TY - JOUR

T1 - Religiosity and financial distress in US firm

AU - Gharbi, Ines

AU - Hamed-Sidhom, Mounira

AU - Hussainey, Khaled

AU - Ganouati, Janet

N1 - 24 months embargo. This is the peer reviewed version of the following article: Religiosity and financial distress in U.S. firms, which has been published in final form at DOI: 10.1002/ijfe.1994. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions.

PY - 2020/8/23

Y1 - 2020/8/23

N2 - In our paper, we try to test the global impact of religiosity on firm‘s durability. Given that religious firms are more ethics and take less risk, they avoid the costs of misconduct, and they benefit from the good reputation and the excellent relationship with their stakeholders. So, we predict that higher degrees of religiosity can reduce the financial distress. According to this prediction, we detect that corporates headquarters situated in more religious U.S. counties are probably less to suffer from financial problems. We also note that this negative relation becomes stronger during the crisis period. We conclude that the lack of religiosity is a significant cause of the financial difficulty.

AB - In our paper, we try to test the global impact of religiosity on firm‘s durability. Given that religious firms are more ethics and take less risk, they avoid the costs of misconduct, and they benefit from the good reputation and the excellent relationship with their stakeholders. So, we predict that higher degrees of religiosity can reduce the financial distress. According to this prediction, we detect that corporates headquarters situated in more religious U.S. counties are probably less to suffer from financial problems. We also note that this negative relation becomes stronger during the crisis period. We conclude that the lack of religiosity is a significant cause of the financial difficulty.

KW - Religiosity

KW - ethics

KW - risk aversion

KW - financial distress

KW - embargoover12

U2 - 10.1002/ijfe.1994

DO - 10.1002/ijfe.1994

M3 - Article

JO - International Research Journal of Finance and Economics

JF - International Research Journal of Finance and Economics

SN - 1450-2887

ER -

ID: 21790199