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Bible Belt may squeeze reports of accounting fraud, study says | NewsOK.com
The study focused on how companies in areas of high levels of religion approached accounting. "On average, when you hold everything constant, accounting practices are less aggressive in areas with high religiosity.”
Sharp said he is not sure to what degree investors will use the study's findings when it comes to deciding where to risk their money.
The study also found that Bible Belt firms scored lower on measures of corporate social responsibility, including support for the community and diversity initiatives.
But the researchers believe corporate leaders in religious counties likely feel that role is best filled by religious groups and support those efforts personally through a church or organization rather than through the company.
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