74/24. Objective information on military matters, including transparency of military expenditures

2018 ◽  
Vol 11 (2) ◽  
pp. 41-51 ◽  
Author(s):  
I. Ya. Lukasevich

The subject of the research is new tools for business financing using the initial coin offering (ICO) in the context of the development of cryptocurrencies and the blockchain technologies as their basis. The purpose of the work was to analyze the advantages and disadvantages of the ICO in comparison with traditional financial tools as well as prospects, limitations and problems of using digital financial tools. Conclusions are made in relation to possibilities, limitations and application areas of digital business financing tools, particularly in the real sector, taking into account the specifics of the Russian economy and legislation. It is shown that the main problems of using the digital financial tools are related to the economic sphere and caused by the lack of adequate approaches to evaluation of assets as well as the shortage of objective information. The problems and new tasks of corporate finance in the digital economy are defined.


Public Choice ◽  
2021 ◽  
Author(s):  
Ritwik Banerjee ◽  
Amadou Boly ◽  
Robert Gillanders

AbstractUsing data from a lab experiment carried out in Kenya, we show that while “legitimate” costs and costs imposed by corruption both deter investment, the latter is no more of a disincentive than the former. We interpret the evidence as consistent with the conclusion that our participants viewed corruption as just another cost of doing business. We also experimented with giving participants in some treatments information about the corruption expectations of participants in previous sessions and the actual extent of corruption in previous sessions. We find some evidence that the objective information actually increased investment without changing the participants’ own expectations regarding corruption. That result is compatible with the idea that revealing the level of corruption changes the descriptive norm and facilitates investment in a corrupt environment.


1975 ◽  
Vol 14 (1) ◽  
pp. 314-314

The report issued by the U.S. Arms Control and Disarmament Agency, in January 1975, concerns arms expenditures and sales made between 1963 and 1973. The 123-page document is composed mostly of two major parts: a country-by-country breakdown of arms trade for each of the years studied and a study contrasting each country's yearly military expenditures with its G.N.P., population size, and armed forces. The report (U.S. A.CD.A. Publication 74) may be purchased from the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402 for $2. Persons ordering from abroad (other than Canada and Mexico) should add 25 percent to the price to cover shipping charges.


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