The price of sin in the Pacific-Basin
| dc.contributor.author | Durand, Robert B | |
| dc.contributor.author | Koh, SzeKee | |
| dc.contributor.author | Tan, Paul | |
| dc.date.accessioned | 2017-01-30T12:10:58Z | |
| dc.date.available | 2017-01-30T12:10:58Z | |
| dc.date.created | 2013-02-13T20:00:33Z | |
| dc.date.issued | 2013 | |
| dc.identifier.citation | Durand, Robert B. and Koh, SzeKee and Tan, Paul LiJian. 2013. The price of sin in the Pacific-Basin. Pacific Basin Finance Journal. 21 (1): pp. 899-913. | |
| dc.identifier.uri | http://hdl.handle.net/20.500.11937/18949 | |
| dc.identifier.doi | 10.1016/j.pacfin.2012.06.005 | |
| dc.description.abstract |
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. | |
| dc.publisher | Elsevier BV | |
| dc.subject | Socially responsible investment | |
| dc.subject | Groupthink | |
| dc.subject | Corporate financial policy | |
| dc.subject | Asset pricing | |
| dc.subject | Behavioral finance | |
| dc.subject | Social norms | |
| dc.title | The price of sin in the Pacific-Basin | |
| dc.type | Journal Article | |
| dcterms.source.volume | 21 | |
| dcterms.source.startPage | 899 | |
| dcterms.source.endPage | 913 | |
| dcterms.source.issn | 0927538X | |
| dcterms.source.title | Pacific Basin Finance Journal | |
| curtin.department | ||
| curtin.accessStatus | Fulltext not available |