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 …

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 …

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 …

In this text we will show a connection between the level of corruption and the level of the FDI entering an economy. We … understanding of the process by which the corruption transmits its effects thru the economy, in this case, on the FDI. …

While methodologies and survey techniques recorded progress over the years, corruption measurement remains a many …-headed monster. Since 2003 and the first publication of Transparency International's Global Corruption Barometer, researchers have … access to population's feeling about the corruption scourge across institutions. Thereby, wider room emerged for populations …

This paper explores the role of corruption in a two-country model with fiscal spillovers. In the absence of cooperation … on governance issues, countries always have a strategic incentive to appoint policymakers whose aversion to corruption is … lower than average. An international agreement is a precondition for placing corruption fighters at the head of governments. …

point of this paper is that corruption can enhance welfare in two ways: first, by mitigating the inflationary bias of …We explore the consequences of bad governance and corruption for public debt and welfare in a model of policymaking … accumulation. The paper thus invokes the lack of interest for explaining the prevalence of corruption in countries with low …

It has been shown that corruption has a negative effect on firm productivity, but what about its impact on product … innovation ? We find that corruption, functioning as a bribe tax, diminishes the probability of new product introduction. We use …

education, what can explain the missing growth in developing countries ? Corruption, the poor enforcement of property rights … bad institutions have on growth, but few are examining the link between education, corruption (more generally bad … institutions) and growth. Our model assumes that at low level of GDP per head and high level of corruption education spending has …