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We use economic experiments to investigate how different contract enforcement regimes affect efficiency and the …
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third-party contract enforcement while informal institutions are represented as shared group identity. Results show that … trust choices increase as contract enforcement increases but are not affected by shared group identity. However, performance …
Persistent link: https://www.econbiz.de/10011349339
experiment, we study behavior in a contract farming game without third-party enforcement but with an external spot market as … outside option. Two players, farmer and company, may conclude a contract but also breach it by side-selling or arbitrary …-order enforcement. Moreover, we investigate whether company players offer price premiums to extend the contract’s self-enforcing range …
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of the contract. To test the effect of debt contract enforcement on borrowers' timely loss recognition, we exploit the … staggered introduction of enhanced debt contract enforcement in Indian states as a natural experiment, where the implementation …, consistent with a collateral-based explanation. This study also provides causal evidence that firms adopt conservative accounting …
Persistent link: https://www.econbiz.de/10012936940
of the contract. To test the effect of debt contract enforcement on borrowers' timely loss recognition, we exploit the … staggered introduction of enhanced debt contract enforcement in Indian states as a natural experiment, where the implementation …, consistent with a collateral‐based explanation. This study also provides causal evidence that firms adopt conservative accounting …
Persistent link: https://www.econbiz.de/10012871710
reputation serves as a collateral against opportunism in the absence of contract enforcement …
Persistent link: https://www.econbiz.de/10012972193
third-party contract enforcement while informal institutions are represented as shared group identity. Results show that … trust choices increase as contract enforcement increases but are not affected by shared group identity. However, performance …
Persistent link: https://www.econbiz.de/10013014273