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
Examples of Scenarios Involving Nonmoral, Impersonal Moral, and Personal Moral Judgments from the St
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Men Present for Service during the Civil War
Note the discovery as the air filter housing was opened during service on a Pontiac Bonneville. The ...
Do not interact with a service dog unless you have permission from its owner.
Government Corruption versus GDP per Capita, 2009