Through an experiment this study investigates the effects that verification has on honest traders. This paper … demonstrates that by reducing the scope for trust verification can have a negative effect on the behaviour of honest individuals … trust opportunities through the use of verification. Regulatory implications are discussed. …

Lower underpricing amongst venture-backed IPOs has been attributed to a certification role for venture capitalists. We … evidence of venture certification as far as IPO pricing is concerned. We also find possible evidence of a conflict of interest …

constraints. This paper also presets a taxonomy of certification, and provides experimental evidence supporting the commonly …

predicted. This contrasts with previous results in certification theory stating that monopolistic certifiers disclose a minimum … rents from the market. The predicted disclosure is consistent with real life observations of certification disclosure as …

. Then we analyze certification mechanisms through which firms can credibly signal their commitment to self …