IWH Doctoral Programme in Economics
IWH Doctoral Programme in Economics Das Leibniz-Institut für Wirtschaftsforschung Halle (IWH) bietet Promotionsstellen in Wirtschaftswissenschaften an, die unter Betreuung von…
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Logo und Farben
IWH-Logo und IWH-Farben 1. Logo 1.1 Wort-Bild-Marke 1.2 Varianten 1.2.1 Signet 1.2.2 Horizontale Varianten 1.2.3 Negative Varianten 2. IWH-Farben 1. Logo 1.1 Wort-Bild-Marke 1.1.1…
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Cultural Norms and Corporate Fraud: Evidence from the Volkswagen Scandal
Iftekhar Hasan, Felix Noth, Lena Tonzer
Journal of Corporate Finance,
October
2023
Abstract
We examine a corporate governance role of local culture via its impact on consumer behavior following corporate scandals. Our proxy for culture is the presence of local Protestantism. Exploiting the unexpected nature of the Volkswagen (VW) diesel scandal in September 2015, we show that new registrations of VW cars decline significantly in German counties with a Protestant majority following the VW scandal. Further survey evidence shows that, compared to Catholics, Protestants respond significantly more negatively to fraud but not to environmental issues. Our findings suggest that the enforcement culture in Protestantism facilitates penalizing corporate fraud.
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Ostdeutschland
Die garstige Lücke Warum Ostdeutschland auch 30 Jahre nach der Vereinigung um 20% ärmer ist als der Westen Dossier Auf den Punkt Der wirtschaftliche Aufholprozess Ostdeutschlands…
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Impressum
Impressum und Haftungsausschluss Impressum Institution und Anschrift Leibniz-Institut für Wirtschaftsforschung Halle (IWH) Kleine Märkerstraße 8 D-06108 Halle (Saale)…
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Projekte
Unsere Projekte 07.2022 ‐ 12.2026 Evaluierung des InvKG und des Bundesprogrammes STARK Bundesministerium für Wirtschaft und Klimaschutz (BMWK) Im Auftrag des Bundesministeriums…
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DPE Course Programme Archive
DPE Course Programme Archive 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2023 Microeconomics several lecturers winter term 2023/2024 (IWH) Econometrics several…
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Schweigeperiode Gemeinschaftsdiagnose Herbst 2022
Schweigeperiode Gemeinschaftsdiagnose Herbst 2022 von Oliver Holtemöller, 12.09.2022 Liebe Kolleginnen und Kollegen, die Schweigepflicht gegenüber den Medien anlässlich der…
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Banking Deregulation and Consumption of Home Durables
H. Evren Damar, Ian Lange, Caitlin McKennie, Mirko Moro
IWH Discussion Papers,
Nr. 4,
2022
Abstract
We exploit the spatial and temporal variation of the staggered introduction of interstate banking deregulation across the U.S. to study the relationship between credit constraints and consumption of durables. Using the American Housing Survey from 1981 to 1989, we link the timing of these reforms with evidence of a credit expansion and household responses on many margins. We find evidence that low-income households are more likely to purchase new appliances after the deregulation. These durable goods allowed households to consume less natural gas and spend less time in domestic activities after the reforms.
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Economic Sentiment: Disentangling Private Information from Public Knowledge
Katja Heinisch, Axel Lindner
IWH Discussion Papers,
Nr. 15,
2021
Abstract
This paper addresses a general problem with the use of surveys as source of information about the state of an economy: Answers to surveys are highly dependent on information that is publicly available, while only additional information that is not already publicly known has the potential to improve a professional forecast. We propose a simple procedure to disentangle the private information of agents from knowledge that is already publicly known for surveys that ask for general as well as for private prospects. Our results reveal the potential of our proposed technique for the usage of European Commissions‘ consumer surveys for economic forecasting for Germany.
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