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This paper uses inter-country panel data obtained during the period 1990 to 2010 to examine how the occurrence of natural disasters has affected corruption within the public sector. There are a number of major findings from this study. (1) Natural disasters lead to corruption within the public...
Persistent link: https://www.econbiz.de/10011108723
This paper analyzes the impact of risk and ambiguity aversion - Knightian uncertainty - on the choice of optimal … aversion while it is a non-monotonic function of the level of risk. For low levels of risk, the increase of product quality is … an efficient response. Up to certain threshold level of risk, risk and ambiguity aversion reduce the optimal quality …
Persistent link: https://www.econbiz.de/10011108902
In this paper we address the implications of production risk for controlling fishing effort in a regulated fishery in a …
Persistent link: https://www.econbiz.de/10011109615
This paper not only considers why many concentrated ownership structured systems and jurisdictions are considering a shift to the Anglo American style of corporate governance, but also explores why the traditional principal agency theory model may no longer apply in many concentrated ownership...
Persistent link: https://www.econbiz.de/10011109640
Purpose. To analyze the potential of selected social media tool – the youtube channel – in supporting knowledge transfer and diffusion from institutions that form tourism business environment to tourism enterprises. Method. The analysis was based on a case study of the Irish National Tourism...
Persistent link: https://www.econbiz.de/10011109742
(psychopathy, Machiavellianism and nihilism). The students also responded to questionnaires to assess their attitudes toward risk … psychopathic, Machiavellian and nihilistic traits in the sample, and also that risk seekers were antisocial. Additionally, we found … who were anxious tend to be nihilists. Moreover, boys born from younger mothers were more risk seeking than girls born …
Persistent link: https://www.econbiz.de/10011109914
, based on multiple yield curves reflecting the different credit and liquidity risk of Libor rates with different tenors and …
Persistent link: https://www.econbiz.de/10011110035
with respect to their return and risk dimensions. …
Persistent link: https://www.econbiz.de/10011110056
The concept of unforeseen events is considered as a part of a hypothesis of uncertain future. The applications of the consequences of the hypothesis in utility and prospect theories are reviewed. Partially unforeseen events and their role in forecasting are analyzed. Preliminary preparations are...
Persistent link: https://www.econbiz.de/10011110243
As reaction from market inefficient specified about information distribution, all market participant trying to reduce the effect with various means, among other things by perceiving historical behavior of share price. One of result namely contrarian strategy by believing that loser portfolio...
Persistent link: https://www.econbiz.de/10011110273