Showing 1 - 10 of 68
The paper examines the corporate governance mechanism of the control model (or insider control system) by looking at both the motivation for management to deviate from following their principal's wishes and whether the supervising body, the board of directors would correct them. Some...
Persistent link: https://www.econbiz.de/10009958025
This paper analyzes the determinants of governance transparency. In our model, entrepreneurs optimally decide the precision of their earning reporting by trading off the possibility of expropriating profits against the capacity to attract external funding.We find that information is only...
Persistent link: https://www.econbiz.de/10010148154
The aim of this research is to explore the relationship of corporate governance with firm risk. This study establishes a link between corporate governance variables and firm risk for a sample of 106 Pakistani firms over a time of six years (2005-2010). Based on the estimation results, family...
Persistent link: https://www.econbiz.de/10010148372
We report the result of experiments designed to assess the effect of initial endowments on willingness to pay values elicited from multi-unit Vickrey auctions. Comparing bids from an “endow and upgrade” approach with the “full bidding” approach, we find that the direction of the...
Persistent link: https://www.econbiz.de/10010097673
We study cartel stability in a differentiated price-setting duopoly with returns to scale. We show that a cartel may be equally stable in the presence of lower differentiation, provided that the decreasing returns parameter is high. In addition we demonstrate that for a given factor of discount,...
Persistent link: https://www.econbiz.de/10009959088
In this article we develop a microeconomic framework to study the relationships among privatization, competition for deposits and performance in banking. Particularly, we analyze banking privatization when competitive strategies of the Cournot and Stackelberg types are allowed. Our findings show...
Persistent link: https://www.econbiz.de/10009959107
This paper is about a model of Bertrand competition in a homogeneous-good market with free entry of identical firms and variable returns to scale. If the optimum number of active firms in the market is two or more, and the number of active firms is equal to that optimum number, then Bertrand...
Persistent link: https://www.econbiz.de/10009959114
Einkaufen in Internet, die Nutzung von sozialen Netzen oder Online- Banking gehören zum Alltag der Verbraucher in Deutschland. Das Thema Privatsphäre und Datenmissbrauch ist deshalb nahezu täglich in den Medien. Da ist es erstaunlich, dass fundiertes wissenschaftliches Wissen, wie Verbraucher...
Persistent link: https://www.econbiz.de/10010079360
Persistent link: https://www.econbiz.de/10009885063
Deregulation and progress in information and communication technologies have increased the geographical expansion of banking structures and instruments. This makes banks operationally close to the borrowers. At the same time, banking industry consolidation have induced a geographical...
Persistent link: https://www.econbiz.de/10010097638