Sermons with Stories of Debt Can Help Churchgoers Stay Frugal
A recent study co-authored by Yale SOM’s Thomas Steffen and Brett Campbell found that when religious leaders gave sermons warning against excessive debt, areas with high church membership tended to have lower indebtedness.
For CEOs, Integrity Is the Best Policy
A new study co-authored by Yale SOM’s Thomas Steffen analyzed tens of thousands of shareholder letters to reveal whether executives’ actions typically live up to their promises. It found that firms whose CEOs scored well on this measure of integrity tended to perform better, while facing lower audit fees.
