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The process of improving Corporate Governance in emerging markets touches on a number of different aspects of the market organization. One essential area is the regulation, scope, timing and of procedure for mandatory disclosure of information. Disclosure is very important for investors, since...
Persistent link: https://www.econbiz.de/10009220662
This paper provides a comprehensive discussion of the deterrence properties of a competition policy regime. On the basis of the economic theory of law enforcement we identify several factors that are likely to affect its degree of deterrence: 1) sanctions and damages; 2) financial and human...
Persistent link: https://www.econbiz.de/10008633331
Forthcoming in the Journal of Public Economics. We study the consequences of leniency – reduced legal sanctions for wrongdoers who spontaneously self-report to law enforcers – on sequential, bilateral, illegal transactions, such as corruption, manager-auditor collusion, or drug...
Persistent link: https://www.econbiz.de/10005785844
We consider a model of law enforcement where homogenous, risk neutral, and corruptible inspectors are responsible for monitoring citizens who may have committed criminal acts. A welfare maximizing, budget constrained government can implement appropriate wage policies to prevent collusion, but we...
Persistent link: https://www.econbiz.de/10005619472
Traffic accidents are one of the leading causes of injury and death in the U.S. The role of traffic law enforcement in the reduction of accidents has been studied by relatively few papers and with mixed results that may be due to a simultaneity problem. Traffic law enforcement may reduce...
Persistent link: https://www.econbiz.de/10005623308
Why do legal permanent migrants return to their home countries? How do home country conditions influence this decision … depreciation in the home country currency) leads to a reduced likelihood of return of 0.37 percentage points for migrants. The … reject the theory that migrants are target earners who seek to invest upon return home. …
Persistent link: https://www.econbiz.de/10011250907
residents of large cities and not for other areas. (3) For migrants who had moved from rural to urban areas, the effect of their … significant in cases where the cultural climate of the host area differed from that of the migrant’s home area. The findings of … high school baseball on happiness. Further, nostalgia for home influences migrants’ happiness, and this influence is …
Persistent link: https://www.econbiz.de/10011260877
discusses various policy implications. It is shown that a policy intervention (a crackdown on migrants’ engagement in …
Persistent link: https://www.econbiz.de/10008855250
were performed. Main features of the migrants’ social-psychological adaptation were considered. The key role of … interpersonal emotional intelligence competency in migrants’ social-psychological adaptation process was identified. The … interrelation between meditation practice and dynamics of migrants’ emotional intelligence was found. …
Persistent link: https://www.econbiz.de/10011123544
There are few studies of the social and economic consequences of remittances from migrant workers on poverty and inequality in their home country until recently, especially in Haiti. The known amount of remittances sent to Haiti by the Haitian diaspora has surpassed one billion U.S. dollars in...
Persistent link: https://www.econbiz.de/10011107325