For decades, negotiators have been working out agreements by focusing on interests, not positions. But the messy problem of how to share the gains created by deals has remained unresolved—until now. The answer, argue Yale’s Nalebuff and NYU’s Brandenburger, lies in accurately identifying and sizing the negotiation “pie,” which they define as the additional value produced by an agreeme…
We consider borrowers with the opportunity to raise funds from a competitive banking sector that shares information, as well as from other hidden lenders. The presence of hidden lenders allows borrowers to conceal poor results from their banks and, thus, restricts the contracts that can be obtained from the banking sector. In equilibrium, borrowers obtain funds from both the banking sector and …
Includes bibliographies and index
Includes bibliographies, index and tables
Laporan magang ini bertujuan untuk mengevaluasi mapping transisi saldo awal laporan posisi keuangan PT XYZ oleh Konsultan ABC untuk persiapan implementasi PSAK 117: Kontrak Asuransi. Proses yang dilakukan oleh Konsultan ABC terdiri atas permintaan data dan pengolahan data menggunakan Microsoft Excel. Hasilnya akan dibandingkan dengan hasil perhitungan CARE yang merupakan sistem yang digunakan o…
Using a regression discontinuity design, we provide evidence that there are sharp and substantial employment cuts following loan covenant violations, when creditors gain rights to accelerate, restructure, or terminate a loan. The cuts are larger at firms with higher financing frictions and with weaker employee bargaining power, and during industry and macroeconomic downturns, when employees hav…
Using detailed account-level data, this paper explores how financial sophistication affects consumers' spending responses to changes in income. I document that, controlling for liquidity, financially unsophisticated consumers display significant spending responses to predictable decreases in their disposable income. Furthermore, they have lower savings rates, fewer liquid savings, and higher de…
Risk Based Capital (RBC) merupakan ukuran tingkat kesehatan perusahaan asuransi. Seiring dengan diberlakukannya standar akutansi kontrak asuransi yang baru, IFRS 17, pada tahun 2025, perusahaan asuransi diharapkan untuk menyesuaikan prosedur pelaporan mereka. Penerapan IFRS 17 akan mempengaruhi pencatatan dan pelaporan kontrak asurans, yang secara tidak langsung dapat berdampak pada perhitungan…
Includes bibliographies, index
Ada bibliografi
Laporan magang ini akan membahas evaluasi terhadap proses pengakuan pendapatan PT XOX oleh KAP AAA. PT XOX adalah perusahaan energi swasta yang menghasilkan energi listrik dari sumber panas bumi berdasarkan Energy Selling Contract (ESC). Kebijakan akuntansi PT XOX dalam mengakui pendapatan mengacu pada PSAK 72 Pengakuan Pendapatan Kontrak dari Pelanggan. Evaluasi dilakukan denga…
Includes bibliographies and index.
In the 1980s and '90s many countries turned to the private sector to provide infrastructure and utilities, such as gas, telephones, and highways--with the idea that market-based incentives would control costs and improve the quality of essential services. But subsequent debacles including the collapse of California's wholesale electricity market and the bankruptcy of Britain's largest railroad …
The theory of contracts grew out of the failure of the general equilibrium model to account for the strategic interactions among agents that arise from informational asymmetries. This popular text, revised and updated throughout for the second edition, serves as a concise and rigorous introduction to the theory of contracts for graduate students and professional economists. The book presents th…
Jaminan sosial sangat dibutuhkan untuk memberikan perlindungan pada saat pekerja mengalami risiko-risiko kerja sehingga menciptakan ketenangan dalam bekerja. Penelitian ini bertujuan untuk mengetahui hubungan antara ketersediaan akses kantor dengan kepesertaan jaminan sosial ketenagakerjaan. Selanjutnya, mengetahui ada asosiasi atau tidak antara informalitas wilayah dengan kepesertaan jaminan s…
Printed Journal
We examine shareholder litigation and the price and nonprice terms of bank loan contracts. After filing a lawsuit, defendant firms pay higher loan spreads and up-front charges, experience more financial covenants, and are more likely to have a collateral requirement. These findings are consistent with reputational losses associated with shareholder litigation. The magnitude of a firm?s lost mar…
We use a unique dataset of product warranty offerings by firms to investigate the effect of a firm?s warranty reserve levels on its capital structure decisions. Our sample consists of firms that (i) offer explicit warranties, (ii) likely offer implicit product warranties, and (iii) are in non-warranty-offering industries. For the whole sample, we find that leverage relates negatively to the fir…
Despite the centrality of fairness in the moral and social fabric of governance, few studies relate fairness to contracting research. This paper assesses whether fairness accounts for the effects of contractual complexity and contractual recurrence on exchange performance. Based on a sample of 283 buyer?supplier dyads, we find that procedural fairness partially mediates the effect of contractua…