Religion and Takeovers

• In Event: Accounting Behavior and Organizations

Abstract

This study examines whether religiosity at the county level will influence the firms take over decision. We find robust evidence that firms headquartered in counties with higher levels of religiosity exhibit lower risky take over decisions. This finding is consistent with the view that religion, as a set of social norms, helps to curb risky activities by managers.

Author

• Hua Xin, Rutgers University - Newark