We use a sample of banks from 24 European countries to investigate whether the adoption of the Basel II Capital Accord in 2008 affects the market valuation of discretionary loan loss provisions (DLLPs). Although Basel II lowers the incentives of internal ratings- based (IRB) banks to recognize...

Corruption is ubiquitous in practice and has severe negative consequences for organizations and societies at large. Drawing on a laboratory experiment, we propose that individuals high in moral commitment are less likely to engage in corrupt behaviors and forego financial benefits. Specifically,...

Die Frage, ob Mitarbeiter und Manager für Ergebnisse geradestehen sollten, die nur bedingt ihrem Einfluss unterliegen, beschäftigt die Wissenschaft sein Jahrzehnten. Neuere Forschungserkenntnisse zum sogenannten Controllability-Prinzip erfordern, dass Unternehmen die Anwendung des Grundsatzes...