BIROn - Birkbeck Institutional Research Online

    Is acting prosocially beneficial for the credit market?

    Andriani, Luca (2014) Is acting prosocially beneficial for the credit market? Review of Social Economy 72 (3), pp. 354-378. ISSN 0034-6764.

    Full text not available from this repository.

    Abstract

    This article argues that behaving prosocially reduces regional finance differentials in terms of interest and insolvency rates. This is because prosociality implies more transparent information and cooperation among the parties engaged in a financial contract. The context of study is Italy, well known for its regional economic and financial disparities. The analysis is developed through a cross-regional two period panel model during the years 1998 and 2003. Empirical evidence shows that regions with a higher proportion of prosocial individuals report lower interest and insolvency rates. When legal enforcement is included in the specified model, evidence suggests that more efficient third-party enforcement can transmit a stronger sense of legal abidance and facilitate the internalisation of social norms of cooperation.

    Metadata

    Item Type: Article
    Keyword(s) / Subject(s): prosocial behaviour, credit, legal enforcement, insolvency, two-period panel
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Management
    Research Centre: Innovation Management Research, Birkbeck Centre for, Corporate Governance and Ethics, London Centre for
    Depositing User: Sarah Hall
    Date Deposited: 18 Aug 2014 16:22
    Last Modified: 12 Dec 2016 13:52
    URI: http://eprints.bbk.ac.uk/id/eprint/10433

    Statistics

    Downloads
    Activity Overview
    0Downloads
    178Hits

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item Edit/View Item