Arbeitspapier

Cultural norms and corporate fraud: Evidence from the Volkswagen scandal

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We investigate whether cultural norms shaped by religion drive consumer decisions after a corporate scandal. We exploit the notice of violation by the US Environmental Protection Agency in September 2015 accusing Volkswagen (VW) of using software to manipulate car emission values during test phases. We show that new registrations of VW cars decline significantly in German counties with a high share of Protestants following the VW scandal. Our findings document that the enforcement culture in Protestantism facilitates penalising corporate fraud. We corroborate this channel with a survey documenting that Protestants respond significantly different to fraud but not to environmental issues.

Language: Englisch

Bibliographic citation: Series: IWH Discussion Papers ; No. 24/2020

Classification: Wirtschaft
Consumer Economics: Empirical Analysis
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
Environmental Economics: General
Cultural Economics: Religion

Subject: religion
corporate scandal
consumer choice
climate change

Event: Geistige Schöpfung

(who): Hasan, Iftekhar
Noth, Felix
Tonzer, Lena

Event: Veröffentlichung

(who): Halle Institute for Economic Research (IWH)

(where): Halle (Saale)

(when): 2020

Handle: http://hdl.handle.net/10419/226484

Last update: 10.03.2025, 11:41 AM CET

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Object type

Arbeitspapier

Associated

Hasan, Iftekhar
Noth, Felix
Tonzer, Lena
Halle Institute for Economic Research (IWH)

Time of origin

2020

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