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Thou shalt not bear false witness against your customers : cultural norms and the Volkswagen scandal / Iftekhar Hasan, Felix Noth, Lena Tonzer
VerfasserHasan, Iftekhar ; Noth, Felix ; Tonzer, Lena
ErschienenHalle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, 23. Oktober 2019
Umfang1 Online-Ressource (III, 66 Seiten, 8,1 MB) : Diagramme
SpracheEnglisch
SerieIWH-Diskussionspapiere ; 2019, no. 21 (October 2019)
URNurn:nbn:de:gbv:3:2-113431 
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This paper investigates whether cultural norms shaped by religion drive consumer decisions after a corporate scandal. We exploit the unexpected notice of violation by the US Environmental Protection Agency in September 2015 accusing the car producer Volkswagen (VW) to have used software to manipulate car emission values during test phases. Using a difference-in-difference model we show that new registrations of VW (diesel) cars decline significantly in German counties with a high share of Protestants following the VW scandal. Our results suggest that the enforcement culture rooted in Protestantism affects consumer decisions and penalises corporate fraud.