Showing 1 - 10 of 65
new information to update their beliefs about what the elements of the state space are. This model is shown to lead to … irrationnel ou imprévisible, mais permet plutôt aux individus d'utiliser autant l'information qu'ils possèdent que la connaissance … de l'information qu'ils ne possèdent pas dans leur prise de décision. …
Persistent link: https://www.econbiz.de/10005100945
In this general equilibrium model, justice and police institutions are treated as a mechanism that induces individuals to extend some desirable productive effort. This determines individual encroachment activities which in turn determine the proportion of aggregate production that fails to be...
Persistent link: https://www.econbiz.de/10005100938
We investigate the formation of market prices in a new experimental setting involving multi-period call-auction asset markets with state-dependent fundamentals. We are particularly interested in two informational aspects: (1) the role of traders who are informed about the true state and/or (2)...
Persistent link: https://www.econbiz.de/10011183675
Using a large sample of European firms that mandatorily adopted IFRS, this paper assesses how firm-level governance, as proxied by board attributes, and country-level enforcement interplay in affecting financial reporting quality. Financial reporting quality is assumed to have three dimensions:...
Persistent link: https://www.econbiz.de/10011183723
. These public issuers can be considered low quality firms with poor operating performance. Managers issue equity before a … large decrease in operating and stock market performance. Individual investors do not price the stocks correctly around the … faible qualité présentant une piètre performance opérationnelle. Les dirigeants émettent des actions juste avant une forte …
Persistent link: https://www.econbiz.de/10008542598
We consider the cost of providing incentives through tournaments when workers are inequity averse and performance … envy depending on the costs of assessing performance. More envious employees are preferred when these costs are high, less … à la mesure de la performance. Lorsque ces coûts sont élevés, le principal préférerait des travailleurs plus envieux; à …
Persistent link: https://www.econbiz.de/10005100711
We attempt to answer the following questions: What are the revaluation effects and the impact on performance … liberalization across firms. Large firms tend to exhibit large revaluation effects, insignificant change in performance, large …, improved performance, smaller decline in volatility and decreases in correlation after liberalization. These results hold after …
Persistent link: https://www.econbiz.de/10005100936
This paper investigates the relationship between organizational fit and performance. More specifically internal … between the level of internal coherence and firm performance is assessed in the specific context of SMEs. Results derived from … a particular form of theoretical approach based on fit as gestalt suggest that fit and performance must be interpreted …
Persistent link: https://www.econbiz.de/10005417586
politiques de diffusion de l'information pour créer des incitations à une meilleure performance environnementale. Dans cette … focused on studying either the impact of the traditional monitoring and enforcement practices or the impact of information … programs. In this paper, we perform an empirical analysis of the impact of both traditional enforcement and information …
Persistent link: https://www.econbiz.de/10005100988
Two firms produce a good with a horizontal and a vertical characteristic called quality. The difference in the unobservable quality levels determines how the firms share the market. We consider two scenarios: In the first one, firms disclose quality; in the second one, they send costly signals...
Persistent link: https://www.econbiz.de/10009395943