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...

English Abstract: The conception of global macroeconomic spherical model is a three-dimensional space model, which is proposed under the integration of global economy and the globalization of network. In view of the financial crisis in USA in 2008, the output of its crisis has been changed into...

Exchange rate movements affect exports through depreciation (appreciation) and risk. Depreciation may raise exports but exchange rate risk could offset the positive effect. This paper investigates the net effect for eight Asian countries using a dynamic conditional correlation bivariate GARCH-M...