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Because the interests of the manager and the organization are not necessarily coincident, the principal-agent problem arises in the process of recruitment. The standard of employment and the motive in the manager's mind may influence the result of recruitment. The present paper analyzes a game...
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English Abstract: The Opinion on Asset Management has seen a heated debate on its legal basis, reflecting the … differences of views on the underlying legal relationships of asset management and its models of operation. When examining … management in the US is the investment company, which can take many different organizational forms. Investment advisors do not …
Persistent link: https://www.econbiz.de/10012860211
English Abstract: The author proposes a new type of asset-backed security, called Exchange Traded Pieced Loan (ETPL), designed to address a variety of major issues for savers, lenders, borrowers, authorities and other stakeholders in China's markets for investment and credit. An ETPL's...
Persistent link: https://www.econbiz.de/10013053830
English Abstract: The authors review the availability and allocation of commercial credit in China, the investment options presented to savers and the funding options available to Chinese banks. They highlight the markets intrinsic deficiencies, vast externalities and tremendous potentials for...
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