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pro vyhledávání: '"William J. Wilhelm"'
We present asecond-personalaccount of corporate moral agency. This approach is in contrast to thefirst-personalapproach adopted in much of the existing literature, which concentrates on the corporation’s ability to identify moral reasons for itself
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::04cbdad8de31733c7eefbebe5cfcee25
https://doi.org/10.1017/beq.2021.18
https://doi.org/10.1017/beq.2021.18
Publikováno v:
SSRN Electronic Journal.
We present a model in which a long-lived bank endogenously learns about the environment for financial innovation through experimentation on its clients. When the bank has superior knowledge of the state of the world facing its clients, it may engage
Autor:
Alan D. Morrison, William J. Wilhelm
Until 1970, the New York Stock Exchange prohibited public incorporation of member firms. After the rules were relaxed to allow joint stock firm membership, investment-banking concerns organized as partnerships or closely-held private corporations wen
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::93738346c48a41356289e4e70322470f
https://ora.ox.ac.uk/objects/uuid:787a21a5-3f85-4a2b-86a7-4d541f3c6628
https://ora.ox.ac.uk/objects/uuid:787a21a5-3f85-4a2b-86a7-4d541f3c6628
Autor:
William J. Wilhelm, Alan D. Morrison
Efficient capital allocation in a market economy depends on the exchange of reliable information between providers of capital and companies that seek to put capital to work. One challenge, however, is that information exchange is at most only partly
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::300dbe050bec3b1baa6ff22a748c7047
https://doi.org/10.1111/jacf.12380
https://doi.org/10.1111/jacf.12380
Publikováno v:
Journal of Behavioral and Experimental Economics. 90:101627
Assessing levels of anti-immigrant bias and moral reasoning in university students was the objective of this research. 2 The Defining Issues Test measurement of moral reasoning (Rest et al., 1999) and a new measure of anti-immigrant bias were transla
Autor:
Panom Gunawong, William J. Wilhelm
Publikováno v:
International Journal of Sociology and Social Policy. 36:335-357
Purpose – Moral reasoning research in Western cultures is grounded primarily in Kohlbergian cognitive moral theory. Enumerable investigations about the psychological determinants and cultural dimensions of moral reasoning have provided significant
Autor:
William J. Wilhelm, Alan D. Morrison
Publikováno v:
Journal of Legal Analysis. 7:363-420
We discuss the commitment mechanisms that underpin social orderings. We categorize commitments in relationships along a hierarchy that runs from the most extra-legal to the most legally intensive devices. Commitment devices are chosen in light of the
Publikováno v:
SSRN Electronic Journal.
The relational contract at the heart of an investment banking relationship is valuable because it engenders and requires mutual trust in a setting where conflicts of interest are significant and are not easily resolved through formal contract. But a
Publikováno v:
Review of Financial Studies. 28(4):1153-1198
We present a model that explains why investment bankers struggle to manage conflicts of interest. Banks can build a type reputation for technical competence by performing complex deals that may not serve their clients' interest; on the other hand, ba
Publikováno v:
Journal of Applied Corporate Finance. 26:19-29
In an earlier series of articles published in this journal, one of the three authors of this article predicted the rise of auction IPOs, possibly to the point of displacing the traditional bookbuilding process for pricing and allocating IPOs, only to