“...How much do cultural biases affect economic exchange? We answer this question by using data on bilateral trust between European countries. We document that...”

“...We test a catering theory describing how stock market mispricing might influence individual firms' investment decisions. We use discretionary accruals as our...”

“...We study the effect that a general lack of trust can have on stock market participation. In deciding whether to buy stocks, investors factor in the risk of...”

“...We compare the trading performance of independent directors and other executives. The findings reveal that independent directors earn positive substantial...”

“...The World Values Survey (WVS) question on trust has been widely used to study the economic effect of trust. Recent work, however, questions its validity as an...”

“...To identify the effect of social capital on financial development, we exploit social capital differences within Italy. In high-social-capital areas, households...”

“...We study the effects of differences in local financial development within an integrated financial market. We construct a new indicator of financial development...”

“...While both cultural and legal norms (institutions) help foster cooperation, culture is the more primitive of the two and itself sustains formal institutions...”

“...Since Max Weber, there has been an active debate on the impact of religion on people's economic attitudes. Much of the existing evidence, however, is based on...”

“...Women outnumber men in undergraduate enrollments, but they are much less likely than men to major in mathematics or science or to choose a profession in these...”