Showing 1 - 10 of 367
We examine how executives' behavior outside the workplace, as measured by their ownership of luxury goods (low "frugality") and prior legal infractions, is related to financial reporting risk. We predict and find that CEOs and CFOs with a legal record are more likely to perpetrate fraud. In...
Persistent link: https://www.econbiz.de/10013107519
This paper provides novel field-experimental evidence on status goods. We work with an Indonesian bank that markets platinum credit cards to high-income customers. In a first experiment, we show that demand for the platinum card greatly exceeds demand for a nondescript control product with...
Persistent link: https://www.econbiz.de/10012955954
We examine a model of conspicuous consumption and explore the nature of competition in markets for conspicuous goods. We assume that, in addition to intrinsic utility, individuals seek status, and that perceptions of wealth affect status. Under identifiable conditions, the model generates Veblen...
Persistent link: https://www.econbiz.de/10013227510
Tourism is a tradable service activity that could allow some African countries to generate significant growth. Tanzania, given its unique natural assets, is an ideal candidate. However, despite being so richly endowed in touristic resources, Tanzania receives very few tourists and revenues from...
Persistent link: https://www.econbiz.de/10013109446
During the French Revolution, more than 100,000 individuals, predominantly supporters of the Old Regime, fled France …
Persistent link: https://www.econbiz.de/10012945603
Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount rate while the Bank of …, differ so much? How did the Bank of France manage to keep a stable rate and continuously violate the "rules of the game …"? This paper tackles these questions and shows that the domestic asset portfolio of the Bank of France played a crucial role …
Persistent link: https://www.econbiz.de/10013046162
This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada, China, France …
Persistent link: https://www.econbiz.de/10012754560
This paper reexamines the process by which a market for a new product modern painting emerged in Paris in the nineteenth century. Contrary to the accepted account, in which the monopoly of the official Salon was replaced by a competitive market operated by private dealers, we find that the Salon...
Persistent link: https://www.econbiz.de/10012831980
evidence from France in the 1930s. In 1936, France departed from the gold standard and implemented mandatory wage increases and …
Persistent link: https://www.econbiz.de/10012995511
in industrial fairs and prize-granting institutions in Britain, France and the United States, compared to parallel …
Persistent link: https://www.econbiz.de/10012964884