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Using both quasi- and Precise-Regression Discontinuity designs we provide new evidence on third-party costs of technical defaults that have not been examined previously in the literature. In particula...
Shared Ownership versus Third-Party Ownership
Corporate Governance Firm-Specific Investments Residual Rights of Control
2014/11/27
Competitive advantage is based on a unique nexus of firm-specific investments that creates inimitable quasi-rents. Because of the impossibility of writing complete contracts, the distribution of the q...
Truth-telling by Third-party Auditors and the Response of Polluting Firms: Experimental Evidence from India
Polluting Firms Experimental Evidence
2014/9/10
In many regulated markets, private, third-party auditors are chosen and paid by the firms that they audit, potentially creating a conflict of interest. This article reports on a two-year field experim...
What Does Reputation Buy? Differentiation in a Market for Third-Party Auditors
environmental auditors Reputation Buy
2014/9/10
We study differences in quality in the market for third-party environmental auditors in Gujarat, India. We find that, despite the low overall quality, auditors are heterogeneous and some perform well....
The Communist Party and Financial Institutions: Institutional Design of China's Post-Reform Rural Credit Cooperatives
the rural credit cooperatives formal credit providers rural China empirical evidence persistence
2011/9/28
Although the rural credit cooperatives are the only formal credit providers to millions of households in rural China, empirical evidence suggests that they do not serve the interests of member househo...
Simulating Party Competition and Vote Decision under Mixed Member Electoral Systems
Agent-based modelling mixed member electoral systems strategic voting
2010/12/6
This paper proposes an interactive mechanism between both tiers of mixed member electoral systems to explain high-level linkage in West Germany, that is, the dominance of district races by the candida...
Returns to Party Membership
Li HongbinChinese University of Hong Kong
Date and Time: December 21, 2005 (Wednesday) 2:00-3:30pmPlace: CCER Wanzhonglou Small Lecture HallWorking Language: English
Con...