Showing 1 - 10 of 135
Should principals explain and justify their evaluations? Suppose the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message space is restricted, but the message is costless. I...
Persistent link: https://www.econbiz.de/10010361447
Can generative artificial intelligence (AI) transform the role of the CEO by effectively automating CEO communication …? This study investigates whether AI can mimic a human CEO and whether employees’ perception of the communication’s source … distinguish between communication from their CEO and communication generated by an AI trained on the CEO’s prior communications …
Persistent link: https://www.econbiz.de/10015052589
of leadership—leading-by-example and transactional leadership— and investigating the effect of communication between … share of the prize to followers who have invested more. Communication between leaders decreases contest investments when …
Persistent link: https://www.econbiz.de/10015191764
Disclosure is widely regarded as a necessary condition for market discipline in a modern financial sector. However, the determinants of disclosure decisions are still unknown, particularly among banks. This paper investigates the determinants of disclosure by Japanese Shinkin banks in 1996 and...
Persistent link: https://www.econbiz.de/10011402650
We study optimal security design when the issuer and market participants agree to disagree about the characteristics of the asset to be securitized. We show that pooling assets can be optimal because it mitigates the effects of disagreement between issuer and investors, whereas tranching a...
Persistent link: https://www.econbiz.de/10011795041
We study how different forms of communication influence the inflation expectations of individuals in a randomized …
Persistent link: https://www.econbiz.de/10011958866
This paper explores the role of information transmission in explaining donors ́choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a "delegation-scheme." Conversely, project...
Persistent link: https://www.econbiz.de/10010199746
" consists of unverifiable information and the quality of communication depends on the conflict of interests between the …
Persistent link: https://www.econbiz.de/10010126407
We experimentally study optional costly communication in Stag-Hunt games. Prior research demonstrates that efficient … coordination is difficult without a communication option but obtains regularly with mandatory costless pre-play messages. We find … that even small communication costs dramatically reduce message use when communication is optional, but efficient …
Persistent link: https://www.econbiz.de/10011492032
deciding as a group member. We observe a strong dishonesty shift. This shift is mainly driven by communication within groups …
Persistent link: https://www.econbiz.de/10011509462