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In this paper I analyze the interaction between firms’ earnings management behavior and conservatism. I predict that … firms having conservatism-related bad news in the period have more pervasive earnings management than firms having good news … a proxy for conservatism effects, I find empirical evidence that supports the prediction of an interaction between firms …
Persistent link: https://www.econbiz.de/10005032772
A partir da concepção mais ampla de moeda discutida por Stiglitz e Weiss (1981) e de Meza (1987), desenvolvendo os aspectos microeconômicos do problema de racionamento de crédito e levando em consideração as reformas estruturais no Sistema de Pagamentos Brasileiro (SPB), bem como formas de...
Persistent link: https://www.econbiz.de/10008675301
A vegetação de caatinga, usada para produção de lenha e carvão, resulta em renda para as famílias rurais da região Nordeste. O Ibama cogitou o cancelamento da isenção de taxa de vistoria aos produtores de carvão com plano de manejo florestal. O modelo principal-agente desenvolvido...
Persistent link: https://www.econbiz.de/10009319477
In this paper we compare the costs of two regulatory policies about the entry of new firms. We consider an incumbent firm that has more information about the market demand than the regulator. Then, the incumbent firm can use this advantage to persuade the regulator to make entry more difficult....
Persistent link: https://www.econbiz.de/10005031561
We consider a leader and a subordinate he appoints who engage in team production. The public observes the organization’s performance, but is unable to determine the separate contributions of the leader and of the subordinate. The leader may therefore claim credit for the good work of his...
Persistent link: https://www.econbiz.de/10005190898
This work has as objective to analyze the supposed existing positive relation between financial development and economic growth. The financial system influences the economic growth due to the functions that it plays, such as: ) the mobilization of resources; b) allocation of the resources in the...
Persistent link: https://www.econbiz.de/10004968586
This Discussion Paper aims to carry out an X-ray of federal public spending between 2001 and 2015 and in addition, a preliminary analysis of the fiscal adjustment in progress, identifying what were the expenditure groups and programs/actions hardest hit. The analytical work is based on a model...
Persistent link: https://www.econbiz.de/10011516692
This Discussion Paper aims to carry out an X-ray of federal public spending between 2001 and 2015 and in addition, a preliminary analysis of the fiscal adjustment in progress, identifying what were the expenditure groups and programs/actions hardest hit. The analytical work is based on a model...
Persistent link: https://www.econbiz.de/10011456519