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The supervision of listed firms plays an important role in improving the quality of listed firms and the efficiency of resource allocation in the capital market. We study the effectiveness and realisation mechanisms of the indirect deterrence effects of regulatory punishments from the...
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In this article, I term the dichotomy that exists over how to regulate corporate violations the ‘punishment model … corporate offending has evolved with the shift to ‘regulation through individual responsibility'. This regulatory shift has … enforcing regulation as well as a target of regulation. In essence, workers are being transformed from a victim to a health and …
Persistent link: https://www.econbiz.de/10013078243
In this article, I term the dichotomy that exists over how to regulate corporate violations the 'punishment model … corporate offending has evolved with the shift to 'regulation through individual responsibility'. This regulatory shift has … enforcing regulation as well as a target of regulation. In essence, workers are being transformed from a victim to a health and …
Persistent link: https://www.econbiz.de/10012716930
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This paper analyzes the optimal contract for a consumer to procure a credence good from an expert when (i) the expert might misrepresent his private information about the consumer’s need, (ii) the expert might not choose the requested service since his choice of treatment is non-observable,...
Persistent link: https://www.econbiz.de/10011781931
Riordan and Sappington (JET, 1988) show that in an agency relationship in which the agent's type is correlated with a public ex post signal, the principal may attain first best (full surplus extraction and efficient output levels) if the agent is faced with a lottery such that each type is...
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