Showing 1 - 10 of 16
The past few decades have seen a major shift from centralized to decentralized investment management by pension fund sponsors, despite the increased coordination problems that this brings. Using a unique, proprietary dataset of pension sponsors and managers, we identify two secular...
Persistent link: https://www.econbiz.de/10008530363
Build America Bonds (BABs) were issued by states and municipalities for twenty months as an alternative to tax-exempt bonds. The program was part of the 2009 fiscal stimulus package. The bonds are taxable to the holder, but the federal Treasury rebates 35% of the coupon payment to the issuer....
Persistent link: https://www.econbiz.de/10011084229
We examine why employers use temporary agency and contract company workers and the implications of these practices for … outsourcing. Adverse effects on compensation are clearest when companies substitute agency temporaries or contract company workers …, organizations only contract out management functions or utilize agency temporaries for brief periods of time, with little direct …
Persistent link: https://www.econbiz.de/10005101987
The renegotiation of regulatory contracts is known to prevent regulators from achieving the full commitment efficient outcome in dynamic contexts. However, assessing the cost of such renegotiation remains an open issue from an empirical viewpoint. To address this question, we fit a structural...
Persistent link: https://www.econbiz.de/10008684689
Workers in flexible staffing arrangements - including temporary agency, direct-hire temporary, on-call, and contract …
Persistent link: https://www.econbiz.de/10005116767
lenders, which may make lending altogether unprofitable. Second, banks can have an incentive to offer a debt contract and … additional equity contracts to intermediate debtors, which is in turn dominated by a simple debt contract, only attractive for … seek to avoid the contract with the highest chance of delivery: that contract attracts all bad entrepreneurs. …
Persistent link: https://www.econbiz.de/10005661861
In their privatization programs, transition governments have frequently given away shares (so-called `mass privatization'), while maintaining significant minority ownership. We explain the rationality of these policies for an expected net-revenue maximizing government. Our argument rests on a...
Persistent link: https://www.econbiz.de/10005666469
Using a unique panel data set of privatised cement firms in Turkey, we test the hypothesis that privatisation and firm … relationship between privatisation and firm performance, we find that: i) private sector increases the output in the medium … of labour growth on productivity is less severe during the privatised period, and iv) the likelihood of the privatisation …
Persistent link: https://www.econbiz.de/10004997878
of which privatisation of key government assets was a major component. Government owned banks and insurance offices were … financial sector that has influenced the outcome of the privatisation process in the financial sector. …
Persistent link: https://www.econbiz.de/10004997917
The macroeconomic impact of privatisation on growth in Australia is investigated in a growth accounting framework … before and during privatisation. …
Persistent link: https://www.econbiz.de/10004997943