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Who gains from inter-corporate credit? To answer this question we measure the impact of the announcements of inter-corporate loans in China on the stock prices of the firms involved. We find that the average abnormal return for the issuers of inter-corporate loans is significantly negative,...
Persistent link: https://www.econbiz.de/10011431882
We provide elementary insights into the effectiveness of certification to increase market transparency. In a market … with opaque product quality, sellers use certification as a signaling device, while buyers use it as an inspection device …. This difference alone implies that seller-certification yields more transparency and higher social welfare. Under buyer-certification …
Persistent link: https://www.econbiz.de/10011441862
voluntary certification standards to ensure that biomass is sustainably produced, food security aspects are hardly addressed as … certification systems in food insecure regions. We aim to first develop a suitable conceptual framework to integrate the RtaF in …, stakeholder workshops and expert interviews with certification bodies, standard initiatives, NGOs, ministries, scientists and …
Persistent link: https://www.econbiz.de/10011498373
We study the informed-principal problem in a bilateral asymmetric information trading setting with interdependent values and quasi-linear utilities. The informed seller proposes a mechanism and voluntarily certifies information about the good's characteristics. When the set of certifiable...
Persistent link: https://www.econbiz.de/10012215310
of certification and educational projects financed with the social premium on household education expenditure. Ifind …
Persistent link: https://www.econbiz.de/10012264438
We study how licensing, certification and unionisation affect the wages of natives and migrants and their … institutions confer significant wage premia to native workers (3.9, 1.6, and 2.7 log points for licensing, certification, and … more intense screening of migrants by licensing institutions than by certification and unionization. …
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Purpose: This paper aims at identifying obstacles, benefits, leading practices and lessons learned in the transition/certification … systems certification, a quantitative survey was launched in Portugal, Romania, Switzerland, and Turkey in April 2018 …, addressed at quality and organizational managers and CEOs from ISO 9001:2015-certified organizations by certification bodies …
Persistent link: https://www.econbiz.de/10013326164
Mobile applications users consider it especially important to have quality certification, and particularly in an e … (certified and non-certified mHealth apps). However, quality certification labels as a guarantee of the quality of apps do not … partial association between "certification" and "online user reviews" (Z = 2.174; sig = 0.042)] and between "download" and …
Persistent link: https://www.econbiz.de/10012620439