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

• 主要作者: GUHA, Brishti
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2006
• 主題: Business Law, Public Responsibility, and Ethics; Industrial Organization
• 在線閱讀: https://ink.library.smu.edu.sg/soe_research/932

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...