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Financial Disclosure: A First Step to Financial Market Development Title: Información financiera: Clave para el desarrollo de mercados financieros

Choi, Frederick D. S.; O'Keefe, Armando Murguía; … - Inter-American Development Bank

Recognizing the need to improve the quality of financial disclosure by private sector firms in Latin America and the Caribbean, the Inter-American Development Bank sponsored a conference in September 29-30, 1997 entitled Financial Disclosure and the Development of Financial Markets: The Impact...

Persistent link: https://www.econbiz.de/10010772362

International Accounting Standards: Transparency, Disclosure and Valuation for Latin America and the Caribbean

Masci, Pietro; Laínez, José Antonio; Dowers, Kenroy; … - Inter-American Development Bank

International accounting standards constitute a typical instrument of harmonization and eventually integration of the Latin American and Caribbean financial markets. This book focuses primarily on accounting standards for large companies in some cases traded in stock exchanges.

Persistent link: https://www.econbiz.de/10010772521

Performance Pay and Risk Aversion

Grund, Christian; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2006

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature about the first trade-off. Due to lack of...

Persistent link: https://www.econbiz.de/10005822413

How Unjust! An Experimental Investigation of Supervisors' Evaluation Errors and Agents' Incentives

Marchegiani, Lucia; Reggiani, Tommaso; Rizzolli, Matteo - Institute for the Study of Labor (IZA) - 2011

In our simple model the supervisor: i) cannot observe the agent's effort; ii) aims at inducing the agent to exert high effort; but iii) can only offer rewards based on performance. Since performance is only stochastically related to effort, evaluation errors may occur. In particular, deserving...

Persistent link: https://www.econbiz.de/10009416946

Performance Measurement, Expectancy and Agency Theory: An Experimental Study

Praag, Mirjam van; Sloof, Randolph - Institute for the Study of Labor (IZA) - 2007

Theoretical analyses of (optimal) performance measures are typically performed within the realm of the linear agency model. This model implies that, for a given compensation scheme, the agent’s optimal effort is unrelated to the amount of noise in the performance measure. In contrast,...

Persistent link: https://www.econbiz.de/10005761969

Construction Contracts (or: "How to Get the Right Building at the Right Price?")

Chakravarty, Surajeet; MacLeod, W. Bentley - Institute for the Study of Labor (IZA) - 2006

Most contracts that individuals enter into are not written from scratch; rather, they depend upon forms and terms that have been successful in the past. In this paper, we study the structure of form construction contracts published by the American Institute of Architects (AIA). We show that...

Persistent link: https://www.econbiz.de/10005233914

Stuck in the Slow Lane: Traffic Composition and the Measurement of Labor Productivity in the U.S. Trucking Industry

Boyer, Kenneth D.; Burks, Stephen V. - Institute for the Study of Labor (IZA) - 2007

Mirroring the railroad industry of the 1940’s and 1950’s, the trucking industry today appears to be achieving impressive productivity gains. But it is easy to confuse true productivity advances in transportation industries with changes in ton-miles per unit of input that are due simply to...

Persistent link: https://www.econbiz.de/10005822793

Does the Expansion of Higher Education Increase the Equality of Educational Opportunities? Evidence from Italy

Bratti, Massimiliano; Checchi, Daniele; de Blasio, Guido - Institute for the Study of Labor (IZA) - 2008

opportunities. It examines Italy’s experience during the 1990s, when policy changes prompted HE institutions to offer a wider range …

Persistent link: https://www.econbiz.de/10005822106

Training and the Density of Economic Activity: Evidence from Italy

Brunello, Giorgio; de Paola, Maria - Institute for the Study of Labor (IZA) - 2004

We use a search and matching model to investigate the economic relationship between training and local economic conditions. We identify two aspects of this relationship going in opposite directions: on the one hand, the complementarity between local knowledge spillovers and training generates a...

Persistent link: https://www.econbiz.de/10005822133

Where Do the Brainy Italians Go?

Constant, Amelie F.; D'Agosto, Elena - Institute for the Study of Labor (IZA) - 2008

researchers who have at least a bachelor’s from Italy and live abroad. There are three alternative country choices: the US …. Ceteris paribus, both push and pull factors are important. While having a Ph.D. from outside Italy predicts the UK choice …, having extra working experience from outside Italy predicts migration to other EU countries. Those who stay abroad …

Persistent link: https://www.econbiz.de/10005822258