Religion and Equity Home Bias

Liu, Junyong; Lee, Kyounghun; Oh, Frederick Dongchuhl

doi:10.1007/s11079-022-09709-y

Cited by 2 publications

(1 citation statement)

References 73 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…2022, 2023; La Porta et al. 1999; Lee, Lee, and Oh 2022a, 2022b; Oh and Shin 2022a). At the microeconomic level, many studies have provided empirical evidence on the role of religion in corporate decision‐making, such as innovation, cross‐border mergers and acquisitions, environmental responsibility, and fraud (Adhikari and Agrawal 2016a; Du et al.…”

Section: Related Literature and Hypothesis Developmentmentioning

confidence: 99%

Religion and Derivative Use: Evidence from the Hedge Fund Industry

Liu

Lee²,

2023

Scientific Study of Religion

Self Cite

View full text Add to dashboard Cite

We examine how local religions influence derivative usage in the hedge fund industry. Measuring religiosity by the ratio of religious adherents in the county of a U.S. hedge fund headquarters, we find that religiosity is negatively related to the probability of hedge funds using derivatives for speculative purposes. In contrast, funds in regions with higher ratios of Catholics to Protestants are more likely to engage in speculation-based trading of derivatives. Finally, we show that the effects of local religion are more pronounced if the hedge fund size is small. Overall, our study highlights the significant role of local religion in shaping the purpose of hedge fund derivative usage.

show abstract

Section: Related Literature and Hypothesis Developmentmentioning

confidence: 99%

Religion and Derivative Use: Evidence from the Hedge Fund Industry

Liu

Lee²,

2023

Scientific Study of Religion

Self Cite

View full text Add to dashboard Cite

show abstract

Religious nationalism and home bias

Socaciu

2024

RVM

View full text Add to dashboard Cite

This study explores the impact of religious nationalism on domestic portfolio investment within a country. Examining data from 36 developed and emerging markets spanning the period of 2004-2021, the results suggest that investors from countries with significant religious nationalism sentiment tend to allocate a greater portion of their portfolio to domestic equities, leading to less international diversified portfolios. Religious nationalism promotes cultural uniformity and the preservation of traditional values, prioritizing the protection of religious symbols and customs over embracing innovation. Furthermore, the findings indicate that religious nationalism exacerbates religious discrimination against minority religions, thereby increasing investments in home markets. Moreover, I illustrate that religious nationalism is particularly relevant in emerging markets.

show abstract

Religion and Equity Home Bias

Cited by 2 publications

References 73 publications

Religion and Derivative Use: Evidence from the Hedge Fund Industry

Religion and Derivative Use: Evidence from the Hedge Fund Industry

Religious nationalism and home bias

Contact Info

Product

Resources

About