articleTop 1% cited

The price of sin: The effects of social norms on markets

Journal of Financial Economics · 2009 · Vol. 93(1) · pp. 15–36

Harrison Hong✉(Princeton University)Marcin Kacperczyk(New York University)

Financial Markets and Investment Strategies Auditing, Earnings Management, Governance Corporate Finance and GovernanceStock (firearms)ArbitrageBusinessEconomicsMonetary economicsNorm (philosophy)Financial economics

Citations

2,491

FWCI

54.03

field-weighted impact

References

Percentile

100%

vs. same field & year

Citations per year

Cited by

ESG Integration and the Investment Management Process: Fundamental Investing Reinvented

Journal of Business Ethics · 2015 · 676 citations

Sensitive industries produce better ESG performance: Evidence from emerging markets

Journal of Cleaner Production · 2017 · 820 citations

Corporate Social Responsibility and Credit Ratings

Journal of Business Ethics · 2013 · 770 citations

Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility

Journal of Business Ethics · 2011 · 1,582 citations

Sustainable investing in equilibrium

Journal of Financial Economics · 2020 · 1,876 citations

Active Ownership

Review of Financial Studies · 2015 · 1,094 citations

The effect of pro-environmental preferences on bond prices: Evidence from green bonds

Journal of Banking & Finance · 2018 · 1,221 citations

Socially responsible investments: Institutional aspects, performance, and investor behavior

Journal of Banking & Finance · 2008 · 1,716 citations

References

The Economics of Discrimination.

The Economic Journal · 1972 · 3,669 citations

Random group effects and the precision of regression estimates

Journal of Econometrics · 1986 · 1,657 citations

A Simple Model of Capital Market Equilibrium with Incomplete Information

The Journal of Finance · 1987 · 5,737 citations

Industry costs of equity

Journal of Financial Economics · 1997 · 6,157 citations

Social Norms and Economic Theory

The Journal of Economic Perspectives · 1989 · 2,025 citations

Risk, Return, and Equilibrium: Empirical Tests

Journal of Political Economy · 1973 · 14,974 citations

A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix

Econometrica · 1987 · 16,843 citations

The Cross‐Section of Expected Stock Returns

The Journal of Finance · 1992 · 15,057 citations

Citation Network

How this paper connects to the literature. Drag to explore, click any node to open that paper.