The price of sin in the Pacific-Basin
MetadataShow full item record
Hong and Kacperczyk (2009) argue that social norms against sin stocks influence investor behavior and corporate financial policies. This paper examines “sin” stocks in seven Pacific-Basin markets that exhibit a variety of social norms: Australia, India, Japan, South Korea, Malaysia, New Zealand and Singapore. In doing so, we provide further evidence on the pricing of sin stocks. Consideration of measurable cultural differences between the markets suggests the price of sin is a manifestation of groupthink.
Showing items related by title, author, creator and subject.
Contextual differences in the moderating effects of price consciousness and social desirability in pay-what-you-want (PWYW) pricingRabbanee, Fazlul; Sharma, Piyush ; Roy, Rajat (2021)This research explores the trade-offs that customers make between different economic, social, and psychological considerations to arrive at a pay-what-you-want (PWYW) pricing decision. Specifically, it examines the ...
Rabbanee, Fazlul (2021)Unlike the passive role that consumers usually play in conventional pricing mechanisms, participative pricing enables consumers to play an active role in setting the price for a product or service. Pay What You Want (PWYW) ...
Antecedents, outcomes, and mediating role of internal reference prices in pay-what-you-want (PWYW) pricingRoy, Rajat; Rabbanee, Fazlul; Sharma, Piyush (2015)Purpose – The purpose of this paper is to explore the mediating role of internal reference price (IRP) in a pay-what-you-want (PWYW) price setting. Specifically, it examines the effects of altruism, social desirability ...