Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/205151 
Neuere Version: 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
IWH Discussion Papers No. 21/2019
Verlag: 
Leibniz-Institut für Wirtschaftsforschung Halle (IWH), Halle (Saale)
Zusammenfassung: 
This paper investigates whether cultural norms shaped by religion drive consumer decisions after a corporate scandal. We exploit the unexpected notice of violation by the US Environmental Protection Agency in September 2015, accusing the car producer Volkswagen (VW) to have used software to manipulate car emission values during test phases. Using a difference-in-difference model, we show that new registrations of VW (diesel) cars decline significantly in German counties with a high share of Protestants following the VW scandal. Our results suggest that the enforcement culture rooted in Protestantism affects consumer decisions and penalises corporate fraud.
Schlagwörter: 
religion
corporate scandal
consumer choice
climate change
JEL: 
D12
O30
Q50
Z12
Persistent Identifier der Erstveröffentlichung: 
Sonstige Angaben: 
A revised version of this paper has been published as Hasan, Iftekhar; Noth, Felix; Tonzer, Lena: Cultural Norms and Corporate Fraud: Evidence from the Volkswagen Scandal. IWH Discussion Paper 24/2020. Halle (Saale) 2020: http://hdl.handle.net/10419/226484
Dokumentart: 
Working Paper

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