منابع مشابه
Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market
Corruption by the politically connected is often blamed for economic ills, particularly in less developed economies. Using a loan-level data set of more than 90,000 rms that represents the universe of corporate lending in Pakistan between 1996 and 2002, we investigate rents to politically connected rms in banking. Classifying a rm as politicalif its director participates in an election, we...
متن کاملHigh-level politically connected firms, corruption, and analyst forecast accuracy around the world
Received: 15 July 2008 Revised: 8 January 2010 Accepted: 12 February 2010 Online publication date: 24 June 2010 Abstract The international business (IB) literature has widely recognized political forces as major factors that complicate the strategic decisions of multinational enterprises (MNEs). Analyses by financial intermediaries can help to reduce the risk of information asymmetry caused by ...
متن کاملPolitically Correct Information Adoption
This paper analyses the case when the political struggle not is channeled through policy choices, but through what information to adopt. The paper presents a simple model to analyze collective decisions of adopting new information when different parties' payoffs are contingent upon the new information. In equilibrium we demonstrate that the adopted information is biased towards “political corre...
متن کامل"Politically correct" research.
However, a weight-of-evidence approach can only work if there is fill disclosure of industrygenerated unpublished studies. In order to obtain scientific consensus on such matters, we propose that technical reviews of unpublished industry data be carried out by scientists and other technical experts working under the aegis of institutions such as the National Academy of Sciences, the Health Effe...
متن کاملPolitically sustainable social insurance
Private information underpins a basic social trade-off between incentives and inequality. Normative models of dynamic incentive provision explore the optimal evolution of this trade-off. Many prescribe relentlessly increasing levels of inequality. Indeed, under a variety of standard preference assumptions, an immiseration result obtains: a privileged measure zero set of agents obtain all resour...
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ژورنال
عنوان ژورنال: Journal of Accounting Research
سال: 2020
ISSN: 0021-8456,1475-679X
DOI: 10.1111/1475-679x.12325