Showing 1 - 10 of 37
In this paper we investigate the properties of simple rules for reappointment aimed at holding a public official accountable and monitor his activity. The public official allocates budget resources to various activities which results in the delivery of public services to citizens. He has...
Persistent link: https://www.econbiz.de/10010751020
of shareholders' monitoring. In contrast with other studies, we do not use regressions of risk/performance on ownership …' monitoring. On a sample of European banks, we show that the predictive power of the DD is satisfactory only when banks …
Persistent link: https://www.econbiz.de/10009368020
requires public intervention. This control takes the form of both monetary incentives but also monitoring taking place either … ex ante or ex post, i.e. before or after an accident occurs. We delineate the respective scopes of these monitoring …
Persistent link: https://www.econbiz.de/10010750997
The recent fi nancial crisis has lead the IASB to settle new reporting standards for fi nancial instruments. The extended ability to measure some debt instruments at amortized cost is associated with a new impairment losses mechanism: Expected Credit Losses. In this paper, after a brief...
Persistent link: https://www.econbiz.de/10010899862
Agency theory assumes that tighter monitoring by the principal should motivate agents to increase their effort, whereas … experiments show that many principals engage in costly monitoring, and most agents react to the disciplining effect of monitoring … by increasing effort. However, we also find some evidence that effort is crowded out when monitoring is above a certain …
Persistent link: https://www.econbiz.de/10008790842
Agency theory assumes that tighter monitoring by the principal should motivate the agent to raise his effort level … realtask laboratory experiment, our results show that principals are not trustful enough to refrain from monitoring the agents …, and most of the agents react to the disciplining effect of monitoring. However we find also some evidence that intrinsic …
Persistent link: https://www.econbiz.de/10008791265
This paper examines a financier's optimal monitoring intensity in a multi-period financing relationship.We identify … technology affects action choices by bad entrepreneurs. We first characterize the optimal monitoring intensity and show that it … is one in which the investor monitors entrepreneurs randomly. Random monitoring in the first stage of a relationship …
Persistent link: https://www.econbiz.de/10008791498
Agency theory assumes that tighter monitoring by the principal should motivate the agent to raise his effort level … real-task laboratory experiment, our results show that principals are not trustful enough to refrain from monitoring the … agents, and most of the agents react to the disciplining effect of monitoring. However we find also some evidence that …
Persistent link: https://www.econbiz.de/10008792805
We show the existence of a twin peaks relation between trust and the size of the welfare state that stems from two opposing forces. Uncivic people support large welfare states because they expect to benefit from them without bearing their costs. But civic individuals support generous benefits...
Persistent link: https://www.econbiz.de/10010933915
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. …
Persistent link: https://www.econbiz.de/10010936652