In an experiment, we model two stylized facts about capital budgeting practice, budgetary slack creation and delegation … gives a cost report, and headquarters decides on the project. Under delegation, headquarters allocates a budget to the … a budget moderates the effect of delegation, and we find evidence in favor of our argument as there is an interaction …

representing different institutional configurations in a monetary union. Delegation of budget balance responsibilities to a …

this study, we examine whether Australian banks engage in earnings, capital management and signalling, and, if so, the … do not appear to use LLPs for signalling future intentions of higher earnings to investors. …

?. This paper tries to isolate the pure signalling effect that one sector might exert on the other by controlling for other …

because a higher productivity of talentedworkers raises not only the value but also the cost of signaling; thelatter stems … from more effort and the choice of a high visibility jobbeing substitutes for the purpose of signaling. Results naturally …

for dividend increases. Uniquely, this study simultaneously tests the signaling and agency abatement motivations as … increased dividends constrict management's future behavior, abating the agency problem with shareholders. The signaling … partitions dividend increases into a sample motivated by agency abatement and a sample motivated by cash flow signaling. Further …