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Esquemas de incentivos y carteras de inversión innovadoras
Loyola, Gino; Portilla, Yolanda - In: Estudios de economía 37 (2010) 1, pp. 43-66
This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...
Persistent link: https://www.econbiz.de/10009959108
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Study on the collusive corruption in supervision of bank credit
Nan, Xu-guang; Kao, Meng-chun - In: Journal of applied finance & banking 2 (2012) 1, pp. 93-103
Commercial banks are typical hierarchical organizations, in which the multipleprincipal-agent problem exists and induces serious internal collusive corruption. This article analyzes the collusive corruption between credit supervisors and credit managers in bank credit activities, through three...
Persistent link: https://www.econbiz.de/10010009110
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Disclosure of medical information in health insurance
Rahkovsky, Ilya - In: Advances in management & applied economics 3 (2013) 1, pp. 183-205
Disclosure of private medical information allows insurance companies to better predict medical expenditures. The premiums the companies charge the insured employees reflect these expenditures. This paper studies incentives of employees to disclose their medical information. I find that healthier...
Persistent link: https://www.econbiz.de/10010097676
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Endogenous governance transparency and product market competition
Hidalgo-Cabrillana, Ana - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 1, pp. 113-136
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
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Information sharing and lending market competition under strong adverse selection
Fernández-Ruiz, Jorge; García-Cestona, Miguel - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 2, pp. 235-245
In a relatively recent paper, Gehrig and Stenbacka (Eur Econ Rev 51, 77–99, 2007) show that information sharing increases banks’ profits to the detriment of creditworthy entrepreneurs in a model of a banking duopoly with switching costs and poaching. They restrict their analysis to the case...
Persistent link: https://www.econbiz.de/10010148159
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Gütesiegel : zu detaillierte Angaben können die Funktionsfähigkeit der Zertifikate schmälern
Pollrich, Martin; Wagner, Lilo - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 80 (2013) 19, pp. 15-18
information could in fact restrict the effective functioning of the markets. -- certification ; bribery ; reputation …
Persistent link: https://www.econbiz.de/10010148248
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Do dividend policies signal corporate operating characteristics?
Raei, Reza; Moradi, Mahammad; Eskandar, Hoda - In: Journal of applied finance & banking 2 (2012) 4, pp. 13-24
, the focus is on empirical test of signaling theory. This theory says that the payment of dividends provides information … dividend and earning. It means that dividend has information content about return and earning and so, signaling theory was …, signaling theory was not approved. In addition to, there was a significantly positive relationship between dividend and size. It …
Persistent link: https://www.econbiz.de/10010058681
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State ownership and firm performance : evidence from the Chinese listed firms
Le, Trien; Chizema, Amon - In: Organizations and markets in emerging economies 2 (2011) 2, pp. 72-90
Persistent link: https://www.econbiz.de/10010148130
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Agency theory and the context for R&D investment : evidence from Korea
Yoo, Taeyoung; Rhee, Mooweon - In: Asian business & management 12 (2013) 2, pp. 227-252
Persistent link: https://www.econbiz.de/10010146149
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Location strategies of multinational banking under risk and asymmetric information
Zhang, Jin; Shan, Jun; Wang, Susheng - In: Nankai business review international 4 (2013) 2, pp. 130-146
Persistent link: https://www.econbiz.de/10010160135