Honesty and Intermediation: Corporate Cheating, Auditor Involvement and the Implications for Development

• 主要作者: GUHA, Brishti
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2005
• 主題: Corporate governance; auditing; disclosure; inequality and takeoff; general equilibrium; repeated games; Behavioral Economics; Economics
• 在線閱讀: https://ink.library.smu.edu.sg/soe_research/862; https://ink.library.smu.edu.sg/context/soe_research/article/1861/viewcontent/honesty.pdf

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...