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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
Persistent link: https://www.econbiz.de/10009501196
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
We explore the determinants and effects of trust relationships between upstream suppliers and downstream producers … different measures of supplier-buyertrust, tha thigher levels of trust mitigate relationship-specific underinvestment in a … classical hold-up situation. Moreover, contrary to the extant literature, we show that higher levels of supplier's trust are …
Persistent link: https://www.econbiz.de/10008822913
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