This paper reconsiders the comparison between hierarchical contests and single-stage contests. A condition is given that characterizes whether and when the aggregate equilibrium payoff of contestants is higher in the single-stage contest, and when the single-stage contest is more likely to award the prize to the contestant who values it most highly. The outcome depends on inter-and intra-group ...

In much of the developing world, a model of polycentric governance has become increasingly prevalent for the control of health and infectious disease - one in which a panoply of governance actors work concurrently on the same development projects, within the same localities. And yet, the question of whether polycentrism helps or hinders disease control/mitigation, or service provision more gene...

In this study, we investigate whether effective corporate governance (CG) intervenes in the relationship between real earnings management (REM) and firm value (FV) by introducing Korean market data. We find that management’s opportunistic REM behavior is no longer for firms characterized strong CG. More importantly, our interaction robustness analyses show evidence indicating CG plays an monito...

This study examines the non-monotonic (U-shaped, inverted U-shaped or curvilinear) relationship between corporate governance (CG) and bank performance of commercial banks operating across four countries whose CG framework is based on OECD principals CG. Using a dataset 4230 bank-years observation from 2012–2021, shows that governance–performance relations may be but not using two-line approach ...

s: Thematic Session : Disaster, Development And Governance 1 THEMATIC SESSION D1: DISASTER, DEVELOPMENT AND GOVERNANCE Chairperson: Dr. P. L. Sanjeeva Reddy Director, Indian Institute of Public Administration, New Delhi

Medical toxicology is somehow a neglected field of medicine. Support for this discipline is necessary as there are many competing interests within a nation's public health priorities (1). In the previous issue of the Asia Pacific Journal of Medical Toxicology, the essentials of the empowerment of medical toxicology in the Asia Pacific region have been discussed (2). Perhaps, there is now an urg...

Utilizing a large sample with unique data gathered directly from private placement contracts, we address two important questions that remain unresolved in the literature. First, what types of relationships connect private placement investors and issuers, and how do these relationships affect issuer performance, deal structure and corporate governance? Second, do relationships between issuers an...

The expanding opportunities for the IAF have been highlighted through the increased interest in better corporate governance practices (Ebaid, 2011). This claim is supported by real-life cases which elucidate clearly the implications of underestimating the role that the IAF can and should play (Boyle, 2012). Moreover, CG creates heated debate since noticeable failures of accountability have been...

Challenging the dominant economic agency theory of corporate governance with a new discourse drawn from institutional theory, the paper analyses how management accounting is implicated in corporate governance. The proposed institutional theory of agency links the micro-institutions of the organization that are informed by the practices of management accounting with external institutional player...

In light of recent corporate scandals, numerous proposals have been introduced for reforming corporate governance. This paper provides a theoretical framework through which to evaluate these reforms. We show that reforms that seek to improve the quality of information that is reported will reduce welfare, raise executive compensation, and inefficiently increase the rate of ceo turnover. ∗The au...