کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
878616 911109 2014 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Is sin always a sin? The interaction effect of social norms and financial incentives on market participants’ behavior
ترجمه فارسی عنوان
آیا گناه همیشه گناه است؟ اثر متقابل هنجارهای اجتماعی و انگیزه های مالی بر شرکت کنندگان در بازار؟ رفتار - اخلاق
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
چکیده انگلیسی

Using alcohol, tobacco, and gaming consumption data and people’s attitudes toward these sin products to proxy for social norm acceptance levels, we show a strong interaction effect between social norms and financial incentives, which significantly influence the behavior of market participants. Specifically, institutional investors’ shareholdings and analyst coverage of sin companies increase with the degree of social norm acceptance. The association between shareholdings/coverage and social norm acceptance is less pronounced for firms with higher future expected performance. Our results show that social norms and financial incentives have a powerful interaction effect in determining the behavior of market participants, suggesting that social norms can be crossed when motive and opportunity exist.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Accounting, Organizations and Society - Volume 39, Issue 4, May 2014, Pages 289–307
نویسندگان
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