This paper studies the sociological influence of religion on the risk and return in the financial markets with particular context of Islamic finance. The paper builds a theoretical model to show how intermediaries serve their customers' religious needs by creating innovative Islamic financial...

In this paper, we conduct a theoretical and empirical analysis of the impact of bequest motives on the work and retirement behavior of households in Japan using micro data from the Preference Parameters Study of Osaka University. Our empirical findings are consistent with our theoretical model...

Using lab experiments this paper examines how the risk and return characteristics of a venture along with an entrepreneur’s effort provision in it are affected by whether the venture is funded by a debt or an equity contract. In our experiments participants are sorted into groups where they...