With respect to the financial crisis of 2007-2009, some economists argue that financial service firms should have done a better job of assessing the risk involved in investing in mortgage-backed securities.
Better governance in this context refers to which of the following?
A) improving the assessment of investments.
B) improving the monitoring of investments.
C) improvements in aligning the actions of top managers with the preferences of shareholders
D) all of the above
Question 2
Traditionally, Wall Street investment banks had been organized as partnerships, but by 2000 they had converted to being publicly traded corporations.
As partnerships, the principle-agent problem is ________, but as publicly traded corporations, the principal-agent problem is often ________.
A) reduced; less severe B) increased; more severe
C) increased; less severe D) reduced; more severe
These examples of stimuli were used in the experiment by Vinckier et al. (2007). Mouton is the Frenc
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Adults around the world living with HIV in 2009
Remove all jewelry before performing service work on any vehicle.
GDP per Capita in the United States, the United Kingdom, and Japan, 1870–2009