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

• المؤلف الرئيسي: GUHA, Brishti
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2006
• الموضوعات: Business Law, Public Responsibility, and Ethics; Industrial Organization
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/935
• 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...