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How important is social trust during the COVID-19 crisis period? Evidence from the Fed announcements
During the COVID-19 crisis period, firms headquartered in high social trust US states perform better than their counterparts from the low social trust states. Stock returns over the crisis period are 3 to 4 percentage points higher, on average, if social trust increases by one standard deviation. Th...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Elsevier B.V.
2020
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7448732/ https://www.ncbi.nlm.nih.gov/pubmed/32868990 http://dx.doi.org/10.1016/j.jbef.2020.100387 |