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Internal and External Restructuring over the Cycle: A Firm-Based Analysis of Gross Flows and Productivity Growth in Portugal

Carreira, Carlos; Teixeira, Paulino - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2007

to be predominant in expansion. The strong and positive contribution of the cleansing effect, in 1991-1994, was not …

Persistent link: https://www.econbiz.de/10005510376

Rational Learning in Imperfect Monitoring Games

Gilli, Mario - Dipartimento di Economia, Metodi Quantitativi e … - 2002

This paper provides a genera1 framework to analyze rational learning in strategic situations where the players have private information and update their private priors collecting data through optimal experimentation. The theory of statistica1 inference for stochastic processes and of Markovian...

Persistent link: https://www.econbiz.de/10005685664

Corporate restructuring, financial deregulation, and firm value: Evidence from Japanese “spin-ins”

Choi, Yoon K.; Han, Seung Hun - In: Pacific-Basin Finance Journal 22 (2013) C, pp. 1-13

This paper examines the impact on firm value from the restructuring process of the keiretsu system due to Japan's deregulation. We focus on unique internal restructuring transactions called “spin-ins” that are triggered by the Amendment of the Commercial Code in 2001. We show that...

Persistent link: https://www.econbiz.de/10011043177

The victim matters: Experimental evidence on lying, moral costs and moral cleansing

Meub, Lukas; Proeger, Till; Schneider, Tim; Bizer, Kilian - 2015

In an experiment on moral cleansing with an endogenously manipulated moral self-image, we examine the relevance of the … another subject´s payoff. We find that cheating is highest and moral cleansing lowest when subjects cheat at the expense of … the experimenter, while cheating is lowest and moral cleansing highest once cheating harms another subject. A subsequent …

Persistent link: https://www.econbiz.de/10010487922

The victim matters : experimental evidence on lying, moral costs and moral cleansing

Meub, Lukas; Proeger, Till; Schneider, Tim; Bizer, Kilian - 2015

In an experiment on moral cleansing with an endogenously manipulated moral self-image, we examine the relevance of the … another subjectś payoff. We find that cheating is highest and moral cleansing lowest when subjects cheat at the expense of the … experimenter, while cheating is lowest and moral cleansing highest once cheating harms another subject. A subsequent measurement of …

Persistent link: https://www.econbiz.de/10010490151