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Governance Practices At Financial Regulatory and Supervisory Agencies
Novoa, Alicia - 2009
their governance structure and practices, as well as practices and policies related to public transparency and …
Persistent link: https://www.econbiz.de/10014403055
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Trust As a Means of Improving Corporate Governance and Efficiency
Chami, Ralph - 2002
Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring and incentive-based pay. We show how trust induces employees to work harder,...
Persistent link: https://www.econbiz.de/10014399593
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Bank lobbying : regulatory capture and beyond
Igan, Deniz; Lambert, Thomas - 2019
In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the findings are consistent with regulatory capture, which...
Persistent link: https://www.econbiz.de/10012103556
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Cashing in for growth : corporate cash holdings as an opportunity for investment in Japan
Sher, Galen - 2014
Persistent link: https://www.econbiz.de/10010479433
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Complex Ownership Structures and Corporate Valuations
Laeven, Luc - 2007
The bulk of corporate governance theory examines the agency problems that arise from two extreme ownership structures …
Persistent link: https://www.econbiz.de/10014401077
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The Impact of Corporate Governance Structureson the Agency Cost of Debt
Chan-Lau, Jorge A. - 2001
This paper uses a stochastic continuous time model of the firm to study how different corporate governance structures … with a minority stake delays the exit decision and reduces the underinvestment problem. Such a governance structure may …
Persistent link: https://www.econbiz.de/10014401371
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Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships
De Palma, André - 2009
analyzed using standard tools in economics (incentives and principal-agent theory). We discuss the implications of our approach …
Persistent link: https://www.econbiz.de/10014403060
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IMF Conditionality and Country Ownership of Programs
Khan, Mohsin S. - 2001
The paper uses finance and agency theory to establish two main propositions: First, that the conditionality attached to …
Persistent link: https://www.econbiz.de/10014403611
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Outcomes-Based Conditionality : Its Role and Optimal Design
Ivanova, Anna - 2006
The paper employs a principal-agent framework to analyze the role and design of outcomesbased conditionality in the presence of market frictions and domestic opposition. The results suggest that outcomes-based conditionality is a good option for the IMF when opposition to reforms is relatively...
Persistent link: https://www.econbiz.de/10014399888
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A Political Agency Theory of Central Bank Independence
Eggertsson, Gauti B. - 2003
We propose a theory to explain why, and under what circumstances, a politician gives up rent and delegates policy tasks … to an independent agency. We apply this theory to monetary policy by extending a standard dynamic ""New …-Keynesian"" stochastic general equilibrium model. This model gives a new theory of central bank independence that is unrelated to the …
Persistent link: https://www.econbiz.de/10014400234