We empirically identify factors that can explain the financial performance of bank lending activities. We also analyze the individual bank’s evaluation of a loan’s risk. We use our results to test theoretical hypotheses on the impact of certain parameters on credit terms and distress...

Dieser Beitrag gibt einen Überblick über die Beziehungen zwischen Unternehmensrechnung und ökonomischer Theorie. Dazu werden die Anwendungsmöglichkeiten verschiedener formaler Modellstrukturen mit assymetrischer Information, wie Agency Theorie, Signaling und Cheap Talk, dargestellt. Es wird...

This paper examines auditor liability rules under imperfect information, costly litigation and risk-averse auditors. A negligence rule fails in such a setting, because in equilibrium auditors will deviate with positive probability from any given standard. It is shown that strict liability...

This monograph reviews economic models that study earnings management and conservatism in an information economics framework. Both introduce a deliberate or a mandatory bias in financial reports. The fundamental issue this monograph addresses is what economic effects these biases have on...