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Agency Conflicts, Expropriation and Firm Value: Evidence from Securities-Market Regulation in China
Henk, Berkman; Rebel, Cole; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2005
In this study, we examine the wealth effects of regulatory changes intended to improve corporate governance by protecting minority shareholders from expropriation by controlling shareholders. Using data from publicly traded Chinese firms, we find that these new regulations significantly...
Persistent link: https://www.econbiz.de/10011260290
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Comparative analysis of economic transformation in Poland and selected central European countries
Kowalski, Tadeusz - Volkswirtschaftliche Fakultät, … - 2009
The aim of this study is an empirical evaluation and comparison of Poland’s economic transformation in 1989-2008 against the background of the results achieved in the same period by Hungary, the Czech Republic, the Slovak Republic, Lithuania, and the Ukraine. I have focused on the most...
Persistent link: https://www.econbiz.de/10009328118
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The economic and monetary union vs. shifts in competitiveness of member states
Kowalski, Tadeusz; Pietrzykowski, Maciej - Volkswirtschaftliche Fakultät, … - 2010
The paper deals with changes in the competitiveness of 12 countries forming the euro area in 1999-2000. These changes are analyzed using various macroeconomic indicators (real exchange rate, trade ratios, labor market and economic output performance). Due to the different levels of development...
Persistent link: https://www.econbiz.de/10009328129
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China's Regional Convergence in Panels with Multiple Structural Breaks
Matsuki, Takashi; Usami, Ryoichi - Volkswirtschaftliche Fakultät, … - 2007
This study investigates the existence of regional convergence of per capita outputs in China from 1952 …’s provincial real per capita outputs to examine the regional convergence in China. To obtain the p-values of unit root tests for … Carlo simulation. The results obtained from this study reveal that the convergence of the provincial per capita outputs …
Persistent link: https://www.econbiz.de/10005621418
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Political connections and minority-shareholder protection: Evidence from securities-market regulation in China
Berkman, Henk; Cole, Rebel; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2008
We examine the wealth effects of three regulatory changes designed to improve minorityshareholder protection in the Chinese stock markets. Using the value of a firm’s related-party transactions as an inverse proxy for the quality of corporate governance, we find that firms with weaker...
Persistent link: https://www.econbiz.de/10005622187
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Euro and the three Cs - competition, competitiveness, convergence
Iordan-Constantinescu, Nicolae - Volkswirtschaftliche Fakultät, … - 2014
requirement of maintaining a high economic performance of their economies by convergence and competitiveness strategies, so that …
Persistent link: https://www.econbiz.de/10011108218
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Wage convergence before and after EU accession: Theory, empirical experience and possible scenarios
Gács, János; Hárs, Ágnes; Hüttl, Antónia - Volkswirtschaftliche Fakultät, … - 2001
wage convergence, defined this way, has no theoretical underpinnings. According to the experience of less developed EU … members that joined the union in the 1970s and 1980s, the so called cohesion countries, even after accession, wage convergence … competitiveness of Hungarian products. The article draws up possible convergence scenarios for the Hungarian wages. It turns out that …
Persistent link: https://www.econbiz.de/10011110057
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Models of Competitiveness (I)
Dusa, Silvia - Volkswirtschaftliche Fakultät, … - 2014
The current study presents the main models of competitiveness, developed by different organization or institutions, primarily those established by the World Economic Forum, International Institute for Management Development, European Commission and the Institute for Strategy and Competitiveness,...
Persistent link: https://www.econbiz.de/10011110224
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Consideration on the single currency seen from a competitiveness perspective
Iordan-Constantinescu, Nicolae; Dusa, Silvia - Volkswirtschaftliche Fakultät, … - 2014
Competitiveness is a concept referred to as a sine qua non condition of growth, at both micro and macroeconomic level. But there are few approaches looking at the single currency as an instrument of competitiveness measuring and promotion. The single currency represents a right step in the...
Persistent link: https://www.econbiz.de/10011112750
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The Role of Innovation Activities in Tourism and Regional Growth in Europe
Korres, George M. - Volkswirtschaftliche Fakultät, … - 2007
Tourism plays a crucial role for national economies throughout the world. In Europe, international tourism receipts were almost three times higher in the late 1990s than they were in the late 1980s. Tourism has great potential as regards contributing to the achievements of several major EU...
Persistent link: https://www.econbiz.de/10008680968