(The Ending) The phenomenon of the soft budget constraint (SBC) in a competitive environment is analyzed in the second part of the article. Its consequences for banks and the role played in developing financial crises are considered. Political intervention in firms is studied. The conclusion is ...
Soft budget constraintPrincipal-agent relationshipQuangosArms’ length agenciesThe article explains why debt of public sector organizations grows beyond the sustainable level by focusing on the principal-agent relationship under the soft budget constraint. Specifically, this article explores the extent to ...
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Using the SetID lookup validation as an example, if a record fails validation, a Y value is assigned to the ErrorFoundSetID stage variable. If the $ERR_VALIDATE parameter is also set to Y, the failed record is sent to the PS_ES_CAL_BP_TBL error table. Image: ...
Please use the following commands to build cure from sourcegit clone https://github.com/softsys4ai/cure.git cd ~/cure && pip install -r requirements.txt source /opt/ros/noetic/setup.bash catkin build source devel/setup.bashN.b. If you face Catkin command not found, install sudo apt-get...
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Specifically, this study seeks to identify the extent to which public sector debts are the result of the moral hazard of quangos operating under the soft budget constraint, or biting the bullet and backing down in the face of government demands to reduce the size of government debt. Focusing ...
Empirical analysis of the driving factors of China’s ‘land finance’ mechanism using soft budget constraint theory and the PLS-SEM model. Sustainability 2019, 11, 742. [Google Scholar] [CrossRef] [Green Version] Ullman, J.B.; Bentler, P.M. Structural equation modeling. Handb. Psychol. ...