The extensive economics literature on lying has focused nearly exclusively on studying experimental settings where individuals can lie for financial rewards. However, in everyday interactions, lying to enhance one’s social- and self-image is ubiquitous and perhaps even more common than lying...

Several studies in economics and finance show that parenthood can affect economic behavior. Here, we provide a large-sample (N = 2,008) experimental analysis of whether parents are less likely to cheat for monetary benefits than non-parents. We expect that parenting children could increase the...

Several studies in economics and finance show that parenthood can affect economic behavior. Here, we provide a large-sample (N = 2,008) experimental analysis of whether parents are less likely to cheat for monetary benefits than non-parents. We expect that parenting children could increase the...

The extensive economics literature on lying has focused nearly exclusively on studying experimental settings where individuals can lie for financial rewards. However, in everyday interactions, lying to enhance one’s social- and self-image is ubiquitous and perhaps even more common than lying...

We survey the recent literature on corporate diversification. How does corporate diversification influence firm value? Does it create or destroy value? While, until the beginning of this century, the predominant thinking among researchers and practitioners was that corporate diversification...

We study the predictive ability of individual analyst target price changes for post-event abnormal stock returns within each recommendation category. Although prior studies generally demonstrate the investment value of target prices, we find that target price changes do not cause abnormal...

This paper is the first to provide evidence of efficient taxation of groups with heterogeneous levels of 'tax morale'. We set up an optimal income tax model where high tax morale implies a high subjective cost of evading taxes. The model predicts that 'nice guys finish last': groups with higher...

In this paper we compare two flexible estimators of technical efficiency in a cross-sectional setting: the nonparametric kernel SFA estimator of Fan, Li and Weersink (1996) to the nonparametric bias corrected DEA estimator of Kneip, Simar and Wilson (2008). We assess the finite sample...

This paper introduces a model of social preferences featuring a single parameter representing an individual's disposition to share resources with others. The parameter reacts to observed behavior of others in a clearly defined manner. Therefore, the model allows the numerical analysis of...

For the valuation of fast growing innovative firms Schwartz and Moon (2000, 2001) develop a fundamentals based valuation model where key parameters, such as revenues and expenses, follow stochastic processes. Guided by economic theory, this paper tests this model on a sample of around 30,000...