Narrow search
Showing 1 - 10 of 122
Cover Image
Corruption
Shleifer, Andrei - 1993
This paper presents two propositions about corruption. First, the structure of government institutions and the … political process are a very important determinant of the level of corruption. In particular, weak governments which do not … control their agencies would lead to ultra-high corruption levels. Second, the illegality of corruption and the need for …
Persistent link: https://www.econbiz.de/10012474584
Cover Image
Corruption
Shleifer, Andrei; Vishny, Robert W. - 2021
This paper presents two propositions about corruption. First, the structure of government institutions and the … political process are a very important determinant of the level of corruption. In particular, weak governments which do not … control their agencies would lead to ultra-high corruption levels. Second, the illegality of corruption and the need for …
Persistent link: https://www.econbiz.de/10013311639
Cover Image
Fire Sales in Finance and Macroeconomics
Shleifer, Andrei - 2010
Fire sales are forced sales of assets in which high-valuation bidders are sidelined, typically due to debt overhang problems afflicting many specialist bidders simultaneously. We overview theoretical and empirical research on asset fire sales, which shows how they can arise, how they can lead to...
Persistent link: https://www.econbiz.de/10013134890
Cover Image
Fire Sales in Finance and Macroeconomics
Shleifer, Andrei - 2010
Fire sales are forced sales of assets in which high-valuation bidders are sidelined, typically due to debt overhang problems afflicting many specialist bidders simultaneously. We overview theoretical and empirical research on asset fire sales, which shows how they can arise, how they can lead to...
Persistent link: https://www.econbiz.de/10012462014
Cover Image
Do institutions cause growth?
Glaeser, Edward L.; La Porta, Rafael; … - 2004
Persistent link: https://www.econbiz.de/10002119461
Cover Image
Letter Grading Government Efficiency
Chong, Alberto - 2015
We mailed letters to non-existent business addresses in 159 countries (10 per country), and measured whether they come back to the return address in the US and how long it takes. About 60% of the letters were returned, taking over 6 months, on average. The results provide new objective...
Persistent link: https://www.econbiz.de/10013036654
Cover Image
Agency Problems and Dividend Policies Around the World
Porta, Rafael La - 1998
these models on a cross-section of 4,000 companies from around the world, which operate in 33 countries with different …
Persistent link: https://www.econbiz.de/10012472182
Cover Image
Letter Grading Government Efficiency
Chong, Alberto - 2012
We mailed letters to non-existent business addresses in 159 countries (10 per country), and measured whether they come back to the return address in the US and how long it takes. About 60% of the letters were returned, taking over 6 months, on average. The results provide new objective...
Persistent link: https://www.econbiz.de/10012460391
Cover Image
Predictable financial crises
Greenwood, Robin; Hanson, Samuel G.; Shleifer, Andrei; … - 2020
Persistent link: https://www.econbiz.de/10012244305
Cover Image
Financial innovation and financial fragility
Gennaioli, Nicola; Shleifer, Andrei; Vishny, Robert W. - 2010 - Second draft: May 2010
We present a standard model of financial innovation, in which intermediaries engineer securities with cash flows that investors seek, but modify two assumptions. First, investors (and possibly intermediaries) neglect certain unlikely risks. Second, investors demand securities with safe cash...
Persistent link: https://www.econbiz.de/10008737158