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Sunday, December 29, 2013

Religion Is Good for Business, Shows Study


Dec. 20, 2013 — Those looking for honest companies to invest in might want to check out businesses based in more religious communities, suggests a new paper from the University of Toronto's Rotman School of Management.

The study found that businesses with head offices in places with high levels of "religiosity" were less likely to experience stock price crashes as a result of not disclosing bad financial news. And it didn't matter whether those at the top were religious or not. Just being in a town where social norms are influenced by religious codes of behavior was enough to rub off on the companies operating there.

"There is nothing quicker to losing your good name in a religious milieu than doing something like withholding bad news and not being upfront. (...)

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