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I consider the role of firm transparency in shaping its capital structure. In a costly-state-verification model, the … optimally choose zero leverage and finance themselves with equity. If firms can increase their transparency at a cost – say by …
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Over the past years, a number of initiatives have sought toincrease the transparency of financial institutions …
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Durch spektakuläre Einzelfälle rückte insbesondere in den letzten Monaten die Vergütung von deutschen Vorständen in den Fokus der öffentlichen Diskussion, an welcher sich nun auch in zunehmendem Maße die Parteien beteiligen. Dieser Bericht fasst die wesentlichen Ergebnisse einer vom...
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Without transparency, trade agreements are just words on paper. Transparency as disclosure allows economic actors and … trading partners to see how rules are implanted; transparency in decision-making ensures fairness and peer review. In the … first section of this paper, I discuss the logic of transparency in general and the motivation for its use in the trading …
Persistent link: https://www.econbiz.de/10010326813
A principal acquires information about a shock and then discloses it to an agent. After the disclosure, the principal and agent each decide whether to take costly preparatory actions that yield benefits only when the shock strikes. The principal maximizes his expected payoff by controlling the...
Persistent link: https://www.econbiz.de/10010332326
indeed have improved transparency in the sense that information is now released to the markets at an earlier time and with …
Persistent link: https://www.econbiz.de/10011604503
There has been growing concern about ghostwriting practices in peer-reviewed biomedical journals. As a result, various proposals have been put forth to abolish or prevent the practice of ghostwriting. In this article, we review the issues underlying ghostwriting in medical research; highlight...
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