The findings of behavioural economics can help guide public policy, particularly regulatory design. While behavioural economics has only recently arisen as a defined discipline, many long-established regulations employed by governments are found to be consistent with the findings of behavioural...

We examine the relationship between a society's legal system, a society's culture of empathy, the strength of venture capital contracts and venture performance. We develop a double-sided moral hazard model in which an entrepreneur and a venture capitalist exert value-adding efforts in a venture....

The overall purpose of this study is to explore and obtain empirical evidence on the selection criteria of independent non-executive directors (INEDs) of Malaysian public listed companies, based upon social capital characteristics. Results derived from face-to-face interviews with 27 company...

This paper revisits the Maddof ponzi scheme scandal to illustrate two themes. The first the extent to which government action creates the malpractice it will later investigate and censure. Secondly, the extent to which the affinity between Maddof and his victims, who were often fellow Jews,...

This paper examines two theories of the 'subprime crisis' or 'GFC'. The 'financial architecture' theory holds that the failure of the financial system was fundamentally driven by institutional faults, especially in private sector risk management and public sector regulation and underpins the...