Showing 1 - 10 of 67
both the absolute and relative electoral returns of the governing party in a region has traditionally been followed by …
Persistent link: https://www.econbiz.de/10011168906
performance, highly kleptocratic countries are expected to show higher levels of politicisation of the public purse. The article …
Persistent link: https://www.econbiz.de/10011083396
Intra-day interest rates are zero. Consequently, a foreign exchange dealer can short a vulnerable currency in the morning, close this position in the afternoon, and never face an interest cost. This tactic might seem especially attractive in times of crisis, since it suggests an immunity to the...
Persistent link: https://www.econbiz.de/10005124023
, and businessmen run to capture those rents. Second, the returns to businessmen from policy influence must not be too large … campaign promises, and 2) in regions where returns to policy influence (measured by regional resource abundance) are large, but …
Persistent link: https://www.econbiz.de/10005136750
Many firms voluntarily incur the costs of attempting to influence politicians. However, estimates of the value of political connections have been made in only a few cases. We propose a new approach to valuing political ties that builds on these previous studies. We consider connected to a...
Persistent link: https://www.econbiz.de/10005114293
A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbes magazine’s listing of billionaires and...
Persistent link: https://www.econbiz.de/10011084437
We examine the effect of close ties with the NSDAP on the stock price of listed firms in 1932-33. We consider not only links between the National Socialists and executives, as was common in earlier work, but also with supervisory board members – whose importance is hard to overestimate in the...
Persistent link: https://www.econbiz.de/10005788980
Performance indicators are increasingly used to regulate quality in health care and other areas of the public sector …
Persistent link: https://www.econbiz.de/10005123654
We analyse the effect of ownership on post-privatization performance in a virtually complete population of medium and … ownership improves economic performance, but domestic private ownership does not, relative to state-owned firms. Foreign firms … increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …
Persistent link: https://www.econbiz.de/10005124464
against our data. We find that team size affects the impact of the incentive scheme upon performance. Moreover, while the …
Persistent link: https://www.econbiz.de/10005498005