Showing 1 - 10 of 35
well-known phenomenon, namely the existence of a positive bias in experts' anticipations: the latter tend to over …-estimate earnings. In this paper, we study the properties of this bias according to various aspects, that is to say according to country …
Persistent link: https://www.econbiz.de/10008788892
information at the principal's advantage, we test experimentally the principal's willingness to bias (overestimate or under …) principals do bias information, ii) agents trust the cheap-talk messages they receive and adjust their effort accordingly …
Persistent link: https://www.econbiz.de/10008790485
The recent period has highlighted a well-known phenomenon, namely the existence of a positive bias in experts … contributions are twofold: we provide explanatory bias prediction models which will subsequently allow the calculation of earnings … adjusted forecasts, for horizons from 1 to 24 months. We explain the bias using macroeconomic as well as sector and firm …
Persistent link: https://www.econbiz.de/10008792953
This paper investigates the importance of ethnic homophily in the hiring discrimination process, and provides a novel test for statistical discrimination. Our evidence comes from a correspondence test performed in France, in which we use three different kinds of ethnic identification: French...
Persistent link: https://www.econbiz.de/10011025991
This paper focuses on the interaction between gender discrimination and household decisions. It develops a model with … services are assumed to reduce the time that parents spend on their children. The model shows that gender discrimination may … gender discrimination if the quality of childcare services is sufficiently high. In the decreasing part of this U …
Persistent link: https://www.econbiz.de/10010635076
reduce the flow of female migrants. The other theory is that gender discrimination may create a " gender bias " in the … gender discrimination in origin countries can be a push factor for women and therefore that a reduction in discrimination can … discrimination leads to an increase of skilled women migration. The paper also provides an original index of gender discrimination …
Persistent link: https://www.econbiz.de/10010899701
This paper investigates the impact of family control on French acquirers' performance.We consider a sample of 239 acquisitions undertaken by French listed companies between January 1997 and December 2006. Comparing both, short-termand long-termperformance,we find that family-controlled firms...
Persistent link: https://www.econbiz.de/10010700267
This paper applies to adverse selection theory the advances made in the field of ambiguity theory. It shows that i) a relevant second-best contract induces no production distortion considering the efficient agent as in the standard case. But the principal has to pay a higher information rent...
Persistent link: https://www.econbiz.de/10010734227
The purpose of this study is to introduce the board of directors as a signal of firm quality to abate information asymmetry. This study is based on agency theory and signaling theory to suggest that the existence of properly structured board at the time of the IPO may signal high firm quality to...
Persistent link: https://www.econbiz.de/10008792500
This paper deals with contractual design and vertical relationships within a franchise chain, in the field of the literature on share contracts. Within a double-sided moral hazard, the contract sharing the profit generated by the vertical decentralized structure results from the necessity to...
Persistent link: https://www.econbiz.de/10008793502