Show simple item record

dc.contributor.authorHasan, Mostafa
dc.contributor.authorHabib, A.
dc.date.accessioned2017-09-27T10:20:40Z
dc.date.available2017-09-27T10:20:40Z
dc.date.created2017-09-27T09:48:16Z
dc.date.issued2017
dc.identifier.citationHasan, M. and Habib, A. 2017. Social capital and idiosyncratic return volatility. Australian Journal of Management. 44 (1): pp. 3-31.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/56743
dc.identifier.doi10.1177/0312896217717573
dc.description.abstract

We examine whether regional social capital has any impact on idiosyncratic return volatility. Using US data, we find that firms headquartered in high social capital counties exhibit significantly lower idiosyncratic return volatility. This effect is more pronounced in the presence of financial reporting quality and corporate social responsibility. When we estimate the direct and indirect effects of social capital, our study reveals that the direct effect of social capital captures around 80% of the total effect. These findings suggest that firm-specific variables do not explain all of a firm’s idiosyncratic return volatility, but regional social capital also plays a role.

dc.publisherSage Publications
dc.titleSocial capital and idiosyncratic return volatility
dc.typeJournal Article
dcterms.source.volume44
dcterms.source.titleAustralian Journal of Management
curtin.departmentDepartment of Finance and Banking
curtin.accessStatusFulltext not available


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record