The price of sin in the Pacific-Basin
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...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Elsevier BV
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/18949 |