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existing regulations and improper measures taken by the authority, investors are exposed to both interest loss and credit risk …
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's past experience and other firms' past behavior, resulting in a status quo bias. By analyzing the payout policy by TWSE and …
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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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Chinese Abstract: MM 命题的最大贡献是提出完美市场假设和使用套利证明方法。本文回顾了完美市场假设和无套利原理,然后对 MM...
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's markets for investment and credit. An ETPL's underlying is a standardised commercial bank loan. With loan issue it is ‘pieced …
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