People have accidents. They get old. They eat too much. They have bad luck. And sooner or later, something will be fatal. It would be a better world if such things did not happen, but they do. There is no use arguing about it. What is worth arguing about is whether it makes for a better world when people have to pay for other people's misfortunes and mistakes rather than (or as well as) their own.
The administrative decision on detention has the same effect of the judicial decision on detention in that both of them restrict the freedom of persons. However, since they differ from each other as regards the legal nature and reasons behind each one of them, especially where the administrative decision is issued before the detainee person commits any crime allowing taking such an action for the sake of public interest, the legislation provides that many conditions have to be met before issuing the administrative decision on detention. These conditions can be classified within two categories, the first one relates to the fact that the administrative detention is an administrative decision, and, therefore, it should be issued in a right manner. The second category stems for the law of criminal procedures through which the administrative detainee can benefit from the same guarantees that penal detainee has. In this study, those guarantees are addressed, and the extent to which the public authorities respect the guarantees furnished by the criminal procedures law is examined.
Service guarantees are an important feature of many service offerings because consumers recognize greater risk associated with the purchase of services than with the purchase of goods. Despite substantial service guarantee research in the past two decades though, no extant study has examined the return on service guarantee investments. To fill this gap, the authors examine the effect of a service guarantee on a firm's market value by identifying new service guarantee announcements, then using these announcements as events in an event study. The results show that simply offering a service guarantee does not result in greater market value, as measured by a change in stock market returns, for the offering firm. Instead, the market value of a service guarantee depends on its scope and the process required to invoke the guarantee. In particular, service guarantees that are specific in scope or automatically invoked lead to significantly greater market value than unconditional or customer-invoked guarantees, respectively. In addition, these differences are moderated by firm size. From a theoretical point of view, this study extends signaling theory to explain the differential effects of service guarantees, depending on their design.
In: McNamara, Christian M.; Mott, Carey K.; Feldberg, Greg; and Metrick, Andrew (2022) "Blanket Guarantees Survey," Journal of Financial Crises: Vol. 4 : Iss. 4, 103-132. Available at: https://elischolar.library.yale.edu/journal-of-financial-crises/vol4/iss4/4, 2022