Title of article
TRACKS: Bailouts and Unwanted Coordination
Author/Authors
Anil Arya Jonathan Glover، نويسنده ,
Issue Information
فصلنامه با شماره پیاپی سال 2006
Pages
9
From page
109
To page
117
Abstract
This paper demonstrates that ex post bailouts prompted by a noncontractible signal of output can lead to ex ante tacit collusion. The possibility of being bailed out whenever they fail can decrease the incentives of agents to do a good job in the first place.
Journal title
Journal of Accounting Auditing and Finance
Serial Year
2006
Journal title
Journal of Accounting Auditing and Finance
Record number
708049
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