Showing 1 - 10 of 12
voice, transparency, and accountability among grassroots organizations. The experiment consists of randomly providing sub … capacity to improve outcomes. In such settings, major transparency related reforms might be needed to improve public service …
Persistent link: https://www.econbiz.de/10010575485
externality: if speculators refrain from trading, hedgers do the same, depressing the asset price. Market transparency reinforces … disclosure of fundamentals and trading transparency. Issuers may either under- or over-provide information compared to the …
Persistent link: https://www.econbiz.de/10010961636
' unease when disseminating news to the markets and argues against the recent trend of demanding full transparency both for …
Persistent link: https://www.econbiz.de/10010958606
provide guidance for improving transparency while maintaining trader confidentiality. In addition, we analyze liquidity in the …
Persistent link: https://www.econbiz.de/10010958715
For some time now the buzzword 'transparency' has been bandied about in the media almost daily. For example, calls were … made for greater transparency in the financial system in connection with developments in the Asian financial markets. But … the call for greater transparency goes far beyond the financial markets. It is now regarded as a necessary part of good …
Persistent link: https://www.econbiz.de/10010958721
We report evidence that the presence of hidden liquidity is associated with greater liquidity in the order books, greater trading volume, and smaller price impact. Limit and market order submission behavior changes when hidden liquidity is present consistent with at least some traders being able...
Persistent link: https://www.econbiz.de/10010986420
The welcome rise of replication tests in economics has not been accompanied by a single, clear definition of replication. A discrepant replication, in current usage of the term, can signal anything from an unremarkable disagreement over methods to scientific incompetence or misconduct. This...
Persistent link: https://www.econbiz.de/10011268328
We investigate the potential of transparency to influence committee decision-making. We present a model in which career … three levels of transparency under which career concerns are predicted to affect behavior differently, and test the model …'s key predictions in a laboratory experiment. The model's predictions are largely borne out – transparency negatively …
Persistent link: https://www.econbiz.de/10011273190
This paper examines whether access to information enhances political accountability. Based upon the results of Brazil’s recent anti-corruption program that randomly audits municipal expenditures of federally-transferred funds, it estimates the effects of the disclosure of local government...
Persistent link: https://www.econbiz.de/10005761657
We provide an explanation for peer pressure in teams based on inequity aversion. Analyzing a two-period model with two agents, we find that the effect of inequity aversion strongly depends on the information structure. When contributions are unobservable, agents act as if they were purely...
Persistent link: https://www.econbiz.de/10005762201