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The process of improving Corporate Governance in emerging markets touches on a number of different aspects of the market organization. One essential area is the regulation, scope, timing and of procedure for mandatory disclosure of information. Disclosure is very important for investors, since...
Persistent link: https://www.econbiz.de/10009220662
We consider a model of law enforcement where homogenous, risk neutral, and corruptible inspectors are responsible for monitoring citizens who may have committed criminal acts. A welfare maximizing, budget constrained government can implement appropriate wage policies to prevent collusion, but we...
Persistent link: https://www.econbiz.de/10005619472
Traffic accidents are one of the leading causes of injury and death in the U.S. The role of traffic law enforcement in the reduction of accidents has been studied by relatively few papers and with mixed results that may be due to a simultaneity problem. Traffic law enforcement may reduce...
Persistent link: https://www.econbiz.de/10005623308
Nigeria. It uses primary household level data from Nigeria to analyse the impacts of induced price variability on household …
Persistent link: https://www.econbiz.de/10011259267
This study examined the expenditure pattern of beef and chicken by individual households in Akoko South-West of Ondo State. The study was designed to estimate the monthly expenditure on beef and chicken; evaluate the influence of household income and household size on expenditure as well as...
Persistent link: https://www.econbiz.de/10011259641
evidence consistent with the idea that reticent managers lie. First, it shows that reticent managers in Nigeria report that … is, reticent managers in Nigeria report paying higher wages but they are not doing so. …
Persistent link: https://www.econbiz.de/10011260647
This study tests for the existence of currency substitution and attempts to gauge its magnitude in Nigeria. The … Nigeria and the ratio of deposits denominated in foreign currency in the domestic banking system to deposits denominated in … banking system in Nigeria. A major factor driving this process was exchange rate volatility especially real parallel market …
Persistent link: https://www.econbiz.de/10005079329
The recent effort by the Nigerian Central Bank to merge banks, sorely with the aim of increasing shareholders confidence and improved performance, triggered this study. Therefore, the paper measures and decomposes efficiency using the non-parametric approach popularly known as Data Envelopment...
Persistent link: https://www.econbiz.de/10009325618
This paper examines the stock market reaction to annual earnings information releases using data on the Nigerian Stock Exchange. Using the event study method, the speed of reaction of the market to annual earnings information releases for a sample of 16 firms listed on the exchange is tested....
Persistent link: https://www.econbiz.de/10009328134
It is difficult to be sure that managers in developing countries report financial information accurately and truthfully during firm surveys. The most common concern is that managers might under-report performance to avoid attracting attention from the tax authorities or corrupt bureaucrats....
Persistent link: https://www.econbiz.de/10009386720