infonet-economy

Empathy and morality have an important yet very complex relation. This complexity is most likely due to the multifaceted nature of empathy and the uncertainty of knowledge about the nature of morality. This chapter first considers the philosophical debate on the nature of morality. Second, it presents empirical data from social neuroscience and psychology to differentiate empathy...

Little is known about how different bonus schemes affect traders' propensity to trade and which bonus schemes improve traders' performance. We study the effects of linear versus threshold bonus schemes on traders' behavior. Traders buy and sell shares in an experimental stock market on the basis of fundamental and technical information (past share price evolution,...

Reducing tax evasion is a key challenge for governments around the world, particularly in developing countries. This paper presents a methodology to generate information to optimize audit strategies. Randomly selected taxpayers receive a deterrence message. Comparing their subsequent tax payments to a control group allows estimating what types of taxpayers are more likely to respond...

Ein systematisch betriebenes Risk Management ist heute für die strategische Führung in jedem Unternehmen unerlässlich. Das Aktienrecht enthält diesbezüglich zwar noch keine explizite Verpflichtung; eine solche lässt sich jedoch indirekt aus der Oberleitungspflicht nach Art. 716a OR sowie aus der neuen Bestimmung von Art. 663b Ziff. 12 OR herleiten, welche die Durchführung einer...