Showing 1 - 10 of 71
This paper empirically analyses the determinants of an initial public offering (IPO) and the consequences of this decision on a company's investment and financial policy. We compare both the ex-ante and the ex-post characteristics of IPOs with those of a large sample of privately held companies...
Persistent link: https://www.econbiz.de/10005123719
We usually assume increases in supply, allocation by rationing, and exclusion of potential buyers will never raise prices. But all of these activities raise the expected price in an important set of cases when common-value assets are sold. Furthermore, when we make the assumptions needed to rule...
Persistent link: https://www.econbiz.de/10005114197
When the 1987 general elections brought a durable government to Portugal, the national environment was still …
Persistent link: https://www.econbiz.de/10005123635
This paper reviews the traditional ambiguity of Portuguese policy towards external liberalization. Product and labour markets have become segmented as a result of the soft budget constraint faced by large corporations and job protection in the public sector. Relaxation of entry requirements into...
Persistent link: https://www.econbiz.de/10005281308
, economies of scale, and have been heavily protected from international competition in Portugal and Spain. The `costs of non …
Persistent link: https://www.econbiz.de/10005281309
economic agents, competition policies are usually included in the legal framework that regulates economic activities. Portugal …
Persistent link: https://www.econbiz.de/10005114491
detailed customs and firm-product-level data from Portugal. We use exchange-rate movements as a source of variation in export …
Persistent link: https://www.econbiz.de/10011083348
two "integration episodes", the development of an economic union between Portugal and its African colonies and the … establishment of democratic socialism since then. The paper contrasts the recent economic experience of Portugal with its neighbour … Spain. The view that EC membership is desirable because it ensures Portugal against dictatorship is also examined and …
Persistent link: https://www.econbiz.de/10005792495
privatization on airport charges in a panel data setting where fixed effects can be employed to mitigate endogeneity concerns. Our …
Persistent link: https://www.econbiz.de/10009351519
This paper offers a unique quantitative evaluation of the distribution of the welfare of a water privatization … intermediate suppliers and investors have also clearly benefited during the short privatization duration. However the paper also …
Persistent link: https://www.econbiz.de/10009399719