11 research outputs found
Optimal Warning Strategies: Punishment Ought not to be Inflicted where the Penal Provision is not Properly Conveyed
The Relevance of Procedural Utility for Economics
This paper aims at showing the relevance of procedural utility for economics: people do not only care about outcomes, as usually assumed in economics, they also value the processes and conditions leading to outcomes. The psychological foundations of procedural utility are outlined and it is discussed how the concept differs from other related approaches in economics, like outcome utility, outcome fairness or intentions. Institutions at the level of society and fair procedures are shown to be sources of procedural utility, and novel empirical evidence on the role of procedural utility in important areas of the economy, polity and society is presented
Power, Fairness and Constrained Choice in Agricultural Markets: A Synthesizing Framework
Determinants and Consequences of Delegation in Transfer Pricing: An Empirical Investigation
Participation in Transfer Pricing: The Role of Affective and Cognitive Mechanisms
This study examines how transfer pricing participation is related to satisfaction and organizational outcome. We propose and test a structural equation model that includes both direct and indirect links between participation and organizational outcome which is measured by transfer pricing effectiveness and firm performance. Based on the data collected from a cross-sectional survey of subsidiary/division managers in China and applying the structural equation modeling technique, we find that transfer pricing participation affects transfer pricing effectiveness not only directly but also indirectly through both affective and cognitive mechanisms as intervening variables. However, we do not find any direct impact of transfer pricing participation on firm performance. Transfer pricing participation affects performance only indirectly through affective and cognitive mechanisms. The findings of this study contribute to the accounting literature and enhance our understanding of participation behavior and its consequences in transfer pricing decisions