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

• المؤلف الرئيسي: GUHA, Brishti
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2005
• الموضوعات: Corporate governance; auditing; disclosure; inequality and takeoff; general equilibrium; repeated games; Behavioral Economics; Economics
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/862; https://ink.library.smu.edu.sg/context/soe_research/article/1861/viewcontent/honesty.pdf
• المؤسسة: Singapore Management University

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...