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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...
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This paper attempts to analyze corporate tax evasion in a principal-agent framework. We assume that the firm's profit is positively related to managerial effort and that the executive compensation is profit-based. In addition, we consider the situation where the manager might underreport the...
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prominent spheres of activity: property rights, agreements to trade goods and services, and corporate governance. The questions …
Persistent link: https://www.econbiz.de/10014143728
The purpose of this paper is to analyze the impact of corporate governance on technical efficiency. We use the Translog …
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