Honesty and Intermediation: Corporate Cheating, Auditor Involvement and the Implications for Development
We examine self-enforcing honesty in firm-investor relations in an imperfect public information game. Minimum firm size requirements and moral hazard limit ability to raise outside capital, yielding a floor on personal wealth required to enter entrepreneurship. Credible auditing could create efficie...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2005
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/862 https://ink.library.smu.edu.sg/context/soe_research/article/1861/viewcontent/honesty.pdf |
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| Institution: | Singapore Management University |
| Language: | English |