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We examine firm managers' incentives to commit fraud in a model where firms seek funding from investors and investors … can monitor firms at a cost in order to get more precise information about firm prospects. We show that fraud incentives … funded without committing fraud, whereas in bad times investors are more vigilant and it is harder to commit fraud …
Persistent link: https://www.econbiz.de/10005134707
Frauds can be explained not only in terms of individual willingness to cheat, but may also be driven by opportunities to behave dishonestly. The audit policy should therefore be different for different categories of agents. This paper focuses on the optimal audit policy when there are two...
Persistent link: https://www.econbiz.de/10005412503
knowledge for innovation output in Singapore, a small, highly open economy that has traditionally been significantly dependent … Singaporean firms depends disproportionately on technological knowledge produced by MNCs with operational presence in Singapore … universities constitute an insignificant, albeit rapidly growing, source for innovation in Singapore. …
Persistent link: https://www.econbiz.de/10005124862
This study re-examines the validity of relationship between Singapore Dollar-US Dollar exchange rate and the relative … Smooth Transition Autoregressive (ESTAR)- type non-linear mean-reverting adjustment process of the nominal Singapore dollar … Singapore Dollar-US Dollar exchange rate and consumer price index ratio, this study shows that the relationship is in fact non …
Persistent link: https://www.econbiz.de/10005408165
decomposition of aggregate productivity growth in Singapore over the period 1965-2002. The static shift-share analysis is utilized …
Persistent link: https://www.econbiz.de/10005062744
This study re-examines the validity of relationship between Singapore Dollar-US Dollar exchange rate and the relative … Smooth Transition Autoregressive (ESTAR)- type non-linear mean-reverting adjustment process of the nominal Singapore dollar … Singapore Dollar-US Dollar exchange rate and consumer price index ratio, this study shows that the relationship is in fact non …
Persistent link: https://www.econbiz.de/10005119476