In contrast with issues of consent capacity, financial capacity has received surprisingly little clinical or ethical attention in the psychiatric literature. Issues of financial capacity emerge frequently regarding clients with serious mental illness (SMI), and their resolution has practical and ethical significance for clients, their families, and mental health professionals. These issues incl...

This paper investigates the effect of CFO gender on corporate financial reporting decision-making. Focusing on firms that experience changes of CFO from male to female, the paper compares the firms’ degree of accounting conservatism between preand post-transition periods. We find that female CFOs are more conservative in their financial reporting. In addition, we find that the relation between ...

The systematic risk of US commercial bank stocks more than doubled from 2000 to 2006, primarily due to their increased residential mortgage exposure. Higher levels of mortgage lending produced better earnings but relatively lower stock returns. Banks engaged heavily in mortgage lending encountered less enthusiastic market response to their earnings announcements, suggesting that financial marke...

Field Editor: P. Phan When and why one type of entrepreneur (franchisor) attracts to its ventures another type of entrepreneur (franchisees) instead of passive investors is a central concern in entrepreneurship literature. Based on the informativeness principle of the principal–agent model, we claim that franchisees are not such an expensive financial tool as has been argued in the literature b...

Paid and volunteer crowd work have emerged as a means for harnessing human intelligence for performing diverse tasks. However, little is known about the relative performance of volunteer versus paid crowd work, and how financial incentives influence the quality and efficiency of output. We study the performance of volunteers as well as workers paid with different monetary schemes on a difficult...

Paid and volunteer crowd work have emerged as a means for harnessing human intelligence for performing diverse tasks. However, little is known about the relative performance of volunteer versus paid crowd work, and how financial incentives influence the quality and efficiency of output. We study the performance of volunteers as well as workers paid with different monetary schemes on a difficult...

Abstract The soaring compensation levels of chief executive officers (CEOs) have spurred an intense debate about its outcomes. This paper examines understudied outcome in this regard: employee engagement. Using a dynamic panel model with data from 336 publicly listed firms across 26 countries, we find that engagement is generally unaffected by CEO (over)compensation. However, negative effects e...

I provide a framework for understanding the global financial architecture as an equilibrium outcome of the risk sharing between countries with different levels of financial development. The country that has the most developed financial sector takes on a larger proportion of global fundamental and financial risk because its financial intermediaries are better able to deal with funding problems f...

Pneumoconiosis is a notifiable industrial disease where a patient develops the disease, their doctor must notify their employer in writing with the patient's consent. The employer then is duty-bound to inform the local Health and Safety Executive (HSE). Pneumoconiosis is also a prescribed industrial disease. Financial compensation may be available where an individual is able to show they worked...