Keep Your Eyes On The Prize: An assessment framework for the regulatory arrangement on the use of medical technology in hospitals

Medical technology is evolving at a remarkable rate, prompted by its major role in health care services. The Health Care Inspectorate monitors this technological advance and should take action whenever the quality of care and/or patient safety is at risk. Regulation is therefore inevitable. However, as far as the use of medical technology in...

The capability of peer monitoring to manage moral hazard

This thesis is the result of an explorative research to the capabilities of peer monitoring in the banking sector, to decrease the negative effects of moral hazard. The analysis shows that peers have limited ability and willingness to regulate one another, due to the existence of a governmental regulator, a disciplinary market and the...

Peer monitoring and its capacity to deal with negative effects of moral hazard: An explorative case study of the Stability Growth Pact

This report studies whether the peer monitoring arrangement in the Stability Growth Pact (SGP) can decrease negative effects of moral hazard. Theory argues that peer monitoring can reduce moral hazard issues, because peers have the same kind of knowledge and expertise. Peers are therefore less hampered by information asymmetry as apposed to a...

Crane accidents and safety regulation in the Dutch construction industry

The responsibility for safety in the Dutch construction industry is changing. The former Health and Safety act contains a lot of detailed requirements. However, the new law sets out generic safety targets instead of prescribing safety equipment and measures. Companies have more freedom to choose how the regulatory requirements are met. This...

Identifying, modeling, and exploiting relationships between Operational Risk losses and the state of the economy: An empirical investigation in the U.S. economy

The losses realized by firms due to the occurrence of an Operational Risk (Op Risk) event, defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events, constitute a threat for the firms’ performance. More specifically, the average ratio of the Op Risk losses-to-revenues equals 13...