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We provide the first quantitative synthesis of the literature on how financial markets react to the disclosure of financial crimes committed by listed firms. While consensus expects negative stock price returns, the exact size of the effect is far from clear. We survey 111 studies published over...
Persistent link: https://www.econbiz.de/10014307133
The relationship between trust and risk is a topic of enduring interest. Although there are substantial differences … in the widely-used "trust game" actually measure trust, or instead reveal more about risk attitudes. It is critical to … cogent evidence on the relationship between trust and risk in "trust" games. Subjects in our experiment participate either in …
Persistent link: https://www.econbiz.de/10003470471
implement a control strategy, which consists of low effort discretion and little or no rent-sharing, or they implement a trust … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …
Persistent link: https://www.econbiz.de/10003935665
implement a control strategy, which consists of low effort discretion and little or no rent-sharing, or they implement a trust … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …
Persistent link: https://www.econbiz.de/10003951888
implement a control strategy, which consists of low effort discretion and little or no rent-sharing, or they implement a trust … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …
Persistent link: https://www.econbiz.de/10008824325
Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively … buyers, as well as needing to trust others and reciprocate with their network. We base our analysis on the German Socio …-Economic Panel and recently introduced questions about trust, positive reciprocity, and negative reciprocity to examine the extent …
Persistent link: https://www.econbiz.de/10008826905
Persistent link: https://www.econbiz.de/10003985837
of approaches: control or trust. The management literature has put a lot of attention on these two modes that play an …
Persistent link: https://www.econbiz.de/10003923895
The "grammar of trust" is one the most explored loci in game theory and behavioural economics. However, still much … needs to be understood about the nature of trust in non-enforceable, personalised interactions, in markets and within … organizations. This experimental study aims at contributing to the understanding of new dimensions of trust by exploring how risky …
Persistent link: https://www.econbiz.de/10011391585
We study in the laboratory the impact of private information revelation on the selection of partners when forming individual networks. Our experiment combines a "network game" and a "public-good game". In the network game, individuals decide with whom to form a link with, while in the...
Persistent link: https://www.econbiz.de/10011392490