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

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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Bibliographic Details
Main Author: GUHA, Brishti
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2006
Subjects:
Online Access:https://ink.library.smu.edu.sg/soe_research/935
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Institution: Singapore Management University
Language: English