Religion and finance

L.D.R. Renneboog, C. Spaenjers

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

Individuals' economic attitudes are frequently observed to vary in a systematic manner with religious affiliation or religiosity. As a consequence, religion is also correlated with a range of financial-economic outcomes. Research has established the importance of religion at the macro-economic level, and has shown that the religious environment may affect the behavior of managers and institutional investors. Much less evidence exists on the role of religion in the financial decision-making process at the household level. Therefore, this chapter uses data from a well-recognized household survey to investigate the relationship among religious affiliation, economic attitudes, and saving and investment decisions in the Netherlands. The evidence shows that differences in economic beliefs and preferences can partially explain the higher propensity to save by all religious households and the lower investments in stocks by Catholic households.
Original languageEnglish
Title of host publicationSocially Responsible Finance and Investing
Subtitle of host publicationFinancial Institutions, Corporations, Investors and Activists
EditorsH.K. Baker, J.R. Nofsinger
Place of PublicationHoboken, New Jersey
PublisherJohn Wiley & Sons
Pages143-160
Number of pages515
ISBN (Print)9781118100097
Publication statusPublished - 2012

Publication series

NameRobert W. Kolb Series

Fingerprint

Finance
Household
Economics
Financial decision making
Financial economics
Investment decision
Macroeconomics
Household survey
Institutional investors
Managers
Decision-making process
Economic beliefs
Religiosity
Propensity
The Netherlands

Cite this

Renneboog, L. D. R., & Spaenjers, C. (2012). Religion and finance. In H. K. Baker, & J. R. Nofsinger (Eds.), Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors and Activists (pp. 143-160). (Robert W. Kolb Series). Hoboken, New Jersey: John Wiley & Sons.
Renneboog, L.D.R. ; Spaenjers, C. / Religion and finance. Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors and Activists. editor / H.K. Baker ; J.R. Nofsinger. Hoboken, New Jersey : John Wiley & Sons, 2012. pp. 143-160 (Robert W. Kolb Series).
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Renneboog, LDR & Spaenjers, C 2012, Religion and finance. in HK Baker & JR Nofsinger (eds), Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors and Activists. Robert W. Kolb Series, John Wiley & Sons, Hoboken, New Jersey, pp. 143-160.

Religion and finance. / Renneboog, L.D.R.; Spaenjers, C.

Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors and Activists. ed. / H.K. Baker; J.R. Nofsinger. Hoboken, New Jersey : John Wiley & Sons, 2012. p. 143-160 (Robert W. Kolb Series).

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

TY - CHAP

T1 - Religion and finance

AU - Renneboog, L.D.R.

AU - Spaenjers, C.

N1 - Pagination: 515

PY - 2012

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N2 - Individuals' economic attitudes are frequently observed to vary in a systematic manner with religious affiliation or religiosity. As a consequence, religion is also correlated with a range of financial-economic outcomes. Research has established the importance of religion at the macro-economic level, and has shown that the religious environment may affect the behavior of managers and institutional investors. Much less evidence exists on the role of religion in the financial decision-making process at the household level. Therefore, this chapter uses data from a well-recognized household survey to investigate the relationship among religious affiliation, economic attitudes, and saving and investment decisions in the Netherlands. The evidence shows that differences in economic beliefs and preferences can partially explain the higher propensity to save by all religious households and the lower investments in stocks by Catholic households.

AB - Individuals' economic attitudes are frequently observed to vary in a systematic manner with religious affiliation or religiosity. As a consequence, religion is also correlated with a range of financial-economic outcomes. Research has established the importance of religion at the macro-economic level, and has shown that the religious environment may affect the behavior of managers and institutional investors. Much less evidence exists on the role of religion in the financial decision-making process at the household level. Therefore, this chapter uses data from a well-recognized household survey to investigate the relationship among religious affiliation, economic attitudes, and saving and investment decisions in the Netherlands. The evidence shows that differences in economic beliefs and preferences can partially explain the higher propensity to save by all religious households and the lower investments in stocks by Catholic households.

M3 - Chapter

SN - 9781118100097

T3 - Robert W. Kolb Series

SP - 143

EP - 160

BT - Socially Responsible Finance and Investing

A2 - Baker, H.K.

A2 - Nofsinger, J.R.

PB - John Wiley & Sons

CY - Hoboken, New Jersey

ER -

Renneboog LDR, Spaenjers C. Religion and finance. In Baker HK, Nofsinger JR, editors, Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors and Activists. Hoboken, New Jersey: John Wiley & Sons. 2012. p. 143-160. (Robert W. Kolb Series).