Corporate Governance umsetzen heißt: das Vertrauen des Kapitalmarktes zurückgewinnen. Warum? Weil spektakuläre Unternehmenskrisen Missmanagement ans Licht gebracht haben. Wie kann Unternehmensführung transparent werden? Risikomanagement, ein internes Sicherungssystem, Planung und...

Does the disclosure of information about corrupt activities induce a sustained reduction in corruption? We use longitudinal data on audits of municipal governments in Puerto Rico to answer this question. We find that corruption is lower in municipalities audited before an election. However,...

We consider a decision maker who enjoys choosing from a varied set of alternatives. Building on behavioral evidence, we propose testable axioms which characterize preference for variety, and provide a representation theorem. We go on to illustrate the potential effects of preference for variety...