57 research outputs found

    Chemostratigraphy of Neoproterozoic carbonates: implications for 'blind dating'

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    The delta C-13(carb) and Sr-87/Sr-86 secular variations in Neoproteozoic seawater have been used for the purpose of 'isotope stratigraphy' but there are a number of problems that can preclude its routine use. In particular, it cannot be used with confidence for 'blind dating'. The compilation of isotopic data on carbonate rocks reveals a high level of inconsistency between various carbon isotope age curves constructed for Neoproteozoic seawater, caused by a relatively high frequency of both global and local delta C-13(carb) fluctuations combined with few reliable age determinations. Further complication is caused by the unresolved problem as to whether two or four glaciations, and associated negative delta C-13(carb) excursions, can be reliably documented. Carbon isotope stratigraphy cannot be used alone for geological correlation and 'blind dating'. Strontium isotope stratigraphy is a more reliable and precise tool for stratigraphic correlations and indirect age determinations. Combining strontium and carbon isotope stratigraphy, several discrete ages within the 590-544 Myr interval, and two age-groups at 660-610 and 740-690 Myr can be resolved

    Cycles of corporate fraud: a behavioural economics approach

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    We analyse the combined effects of economic, behavioural, psychological, emotional, and psycho-analytical factors on managerial propensity to commit corporate fraud. Becker (1973) suggested that criminals and fraudsters perform a fully-rational cost-benefit analysis of crime commission, an approach which advocates tougher financial regulation and stronger punishment threats to deter crime. Meanwhile, behavioural economics and Freudian psycho-analysis proposes that behavioural, psychological and emotional factors play a key role in the incidence of corporate fraud. We develop a behavioural game-theoretical and Freudian psycho-analytical framework of corporate fraud and consider the effect of a Freudian super-ego, acting as a moral compass, on managerial fraud. Furthermore, we analyse the contagious spread of fraud across an organisation from unethical to ethical managers. The chapter concludes with an in-depth discussion of how policy makers are beginning to appreciate and incorporate the behavioural economics approach in developing policies to address corporate fraud
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