Culture

Working Paper

01 September 2008

Do Cultural Differences Between Contracting Parties Matter? Evidence from Syndicated Bank Loans

We investigate whether cultural differences between professional decision-makers affect financial contracts in a large dataset of international syndicated bank loans. We find that more culturally distant lead banks offer...

Mariassunta Giannetti | Yishay Yafeh
20 July 2017

Earnings Management and Managerial Honesty: The Investors’ Perspectives

Extant research shows that CEO characteristics affect earnings management. This paper studies how investors infer a specific characteristic of CEOs, namely moral commitment to honesty, from earnings management and how how...

Alexander Wagner | Rajna Gibson Brandon | Matthias Sohn | Carmen Tanner

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