This article addresses the issue of peer monitoring and choice of contracts on the repayment behaviour of the subjects. The authors conducted a laboratory experiment using student subjects from the University of Sydney, Australia by employing profit sharing (PS) and conventional interest based...

Purpose – The purpose of this paper is to examine the influence of early investment experiences on subsequent portfolio allocation decisions in a laboratory setting. Design/methodology/approach – In an experiment in which the task consisted of allocating a portfolio between a risky and...

Reports of unethical behavior in the corporate, governmental, and academic settings are gaining attention. At least 50-70% of students have engaged in academic misconduct. Some colleges and universities have codes of conduct while others do not. However, the implementation of an effective code...

Abstract Today the world economy is immeasurably more complex, multi-faceted, and integrated than it was in the last quarter of 20th century. New financial procedures and interests have multiplied in the current trade and investment matrix. Developing countries are now rightfully taking a much...

Abstract Although most models of environmental compliance are based on a variation of the rational polluter model, regulated entities may not always intentionally decide to violate based on the relative costs and benefits of doing so. According to the complexity critique, a significant amount of...

Although most models of environmental compliance are based on a variation of the rational polluter model, regulated entities may not always intentionally decide to violate based on the relative costs and benefits of doing so. According to the complexity critique, a significant amount of...

Grades and inspections govern the marketing of agricultural commodities. Federal legislation created the marketing institutions, in the late 19th and early 20th centuries, when national markets were emerging. Three commodities – fresh produce (fruit and vegetables), grains, and meat – all rely...