The Future of the New Issues Market

2002; Brookings Institution Press; Volume: 2002; Issue: 1 Linguagem: Inglês

10.1353/pfs.2002.0019

ISSN

1533-4430

Autores

Jay R. Ritter,

Tópico(s)

Auditing, Earnings Management, Governance

Resumo

EVERY MBA PROGRAM that I have taught in has some Asian students, and in some Asian societies, such as Korea, it is common for a student to give a gift to a teacher at the end of the year. Some Korean students continue this practice when they are studying in the United States, and over the years I have received a number of gifts from students. Most of these fall into the category of trinkets and knick-knacks, and the average value of these gifts has been about twenty dollars. I typically accept these gifts when offered, and sometimes I even remember the student's name. I do not think that many people would consider my acceptance of these gifts after the end of a semester as unethical behavior.

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