Showing 1 - 10 of 4,257
Does earnings management, even though legal, hinder investor trust in reported earnings? Or do investors regard …, this effect occurs in industries where investor trust has recently been violated, and where managers would in the past have …
Persistent link: https://www.econbiz.de/10011865525
We extend Akerlof's (1970) "Market for Lemons" by assuming that some buyers are overconfident. Buyers in our model receive a noisy signal about the quality of the good that is at display for sale. Overconfident buyers do not update according to Bayes' rule but take the noisy signal at face...
Persistent link: https://www.econbiz.de/10009375745
We extend Akerlof (1970)'s 'Market for Lemons' by assuming that some buyers are overconfident. Buyers in our model receive a noisy signal about the quality of the good that is on display for sale. Overconfident buyers do not update according to Bayes' rule but take the noisy signal at face...
Persistent link: https://www.econbiz.de/10010342215
This paper examines the incentives of a firm to invest in information about the quality of its product and to disclose its findings. If the firm holds back information, it might be detected and fined. We show that optimal monitoring is determined by a trade-off. Stricter enforcement reduces the...
Persistent link: https://www.econbiz.de/10011456848
dimensions of online rating information when choosing a surgeon. Our findings suggest that we can trust online physician ratings …
Persistent link: https://www.econbiz.de/10010483656
promotes consumers' trust and raises profit, but exogenously-imposed minimum quality standard can hamper trust when attributes …
Persistent link: https://www.econbiz.de/10012911397
service providers to private donative trusts and a series of interviews with professional trust service providers in five … countries. I report new and unprecedented data on four controversial features of current trust practice: perpetual and extreme …-long-term trusts, trust terms exonerating trustees from liability to beneficiaries, tools rendering beneficiaries' entitlements …
Persistent link: https://www.econbiz.de/10012968231
-friendliness, human capital requirements, and perceived technology risks, is farmers’ lack of trust in digital technologies. A number of … issues underlie this lack of trust: 1) problems of data privacy, security, and confidence in data sharing; 2) cases of … potential options to help bridge these trust gaps. These include encouraging firms to decouple their sales of problem assessment …
Persistent link: https://www.econbiz.de/10013202484
This paper examines the incentives of a firm to invest in information about the quality of its product and to disclose its findings. If the firm holds back information, it might be detected and fined. We show that optimal monitoring is determined by a trade-off. Stricter enforcement reduces the...
Persistent link: https://www.econbiz.de/10011571871
With credence goods consumers cannot judge the quality they receive compared to the quality they need. The needed quality can only be observed by an expert seller who may exploit the information asymmetry by cheating. In recent years various contributions have analyzed the credence goods problem...
Persistent link: https://www.econbiz.de/10014137904