Now showing items 151-160 of 547
The Future of Sustainability Reporting as a Regulatory Mechanism
(2014-03)
Abstract. Sustainability reporting is now a mainstream activity among large, global corporations. The majority of the largest corporations in the United States now produce sustainability reports, and several European ...
Governance in the Executive Suite and Board Independence
(2014-01)
The overall independence of a firm’s governance system depends not only on the independence of its board of directors but also on CEO influence over the other top executives. We find that board independence and independence ...
Rationing Capacity in Advance Selling to Signal Quality
(2012-08)
We consider a seller who can sell her product over two periods, advance and spot. The seller has private information about the product quality, which is unknown to customers in advance and publicly revealed in spot. The ...
SOURCES OF EXCHANGE RATE FLUCTUATION IN VIETNAM: AN APPLICATION OF THE SVAR MODEL
(2015-04-01)
Vietnam has been implementing the export-oriented economy, in which the central bank of Vietnam, well-known as the State Bank of Vietnam (SBV), adopted the managed float exchange rate regime in 1990. Therefore, the exchange ...
Does Institutional Quality Affect Firm Performance? Insights from a Semi-Parametric Approach
(2012-02-01)
Using a novel modeling approach, and cross-country firm level data for the textiles industry, we examine the impact of institutional quality on firm performance. Our methodology allows us to estimate the marginal impact ...
Price-Fixing Hits Home: An Empirical Study of U.S. Price Fixing Conspiracies
(2015-11)
This paper analyzes all Section 1, Sherman Act price fixing cases brought by the U.S. Department of Justice between 1961 and 2013. Over 500 cartels were prosecuted during this period. The determinants of cartel formation ...
Improving the Numerical Performance of Static and Dynamic Aggregate Discrete Choice Random Coefficients Demand Estimation
(Wiley Periodicals, Inc.Blackwell Publishing Ltd, 2012-09)
Tax evasion, tax corruption and stochastic growth
(2013-02-01)
This paper presents a continuous time stochastic growth model to study the effects of tax evasion and tax corruption on the level and volatility of private investment and public spending. Our results suggest that there do ...
Oil Windfalls, Fiscal Policy and Money Market Disequilibrium
(2013-06-01)
In this paper, we base our policy analyses and simulations on three different specifications of a DSGE model developed for a CIS oil rich country and check the impact of the oil windfalls. The first proposed specification ...
Embracing Co-Creation Experience in Economics: Rethinking Surplus
(2014-04)
Economics without the lens of co-creation, in the new evolving economy, blurs visibility. We provide a framework that can reshape economic thinking with co-creation at the core. In particular, an individual’s experience ...