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Development of Ownership Structure and its Effect on Performance: Czech Firms from Mass Privatisation
Kocenda, Evzen - C.E.P.R. Discussion Papers - 2002
This Paper works with a broad data sample of Czech voucher-privatized firms during 1996-99. It analyses the development of ownership structure and consequently its effect on a firm's performance Ownership concentration had been quite high in 1996 and steadily increased. The single largest owner...
Persistent link: https://www.econbiz.de/10005788907
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Outsourcing, Offshoring and Innovation: Evidence from Firm-level Data for Emerging Economies
Fritsch, Ursula; Görg, Holger - C.E.P.R. Discussion Papers - 2013
investigates the link between outsourcing and innovation empirically using firm-level data for over 20 emerging market economies …
Persistent link: https://www.econbiz.de/10011084498
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Physical Capital, Knowledge Capital and the Choice Between FDI and Outsourcing
Chen, Yongmin; Horstmann, Ignatius J; Markusen, James R. - C.E.P.R. Discussion Papers - 2008
There exist two approaches in the literature concerning the multinational firm's mode choice for foreign production between an owned subsidiary and a licensing contract. One approach considers environments where the firm is transferring primarily knowledge-based assets. An important assumption...
Persistent link: https://www.econbiz.de/10005504703
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India's De-Industrialization Under British Rule: New Ideas, New Evidence
Clingingsmith, David; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2005
India was a major player in the world export market for textiles in the early 18th century, but by the middle of the 19 … some decline, and India underwent secular de-industrialization as a consequence. While India produced about 25% of world … about the relative role played by domestic and foreign forces in India’s de-industrialization. The construction of new …
Persistent link: https://www.econbiz.de/10005136603
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The Territorial Dynamics Of Innovation In China And India
Crescenzi, Riccardo; Rodriguez-Pose, Andres; Storper, … - C.E.P.R. Discussion Papers - 2012
This paper analyses the geography of innovation in China and India. Using a tailor-made panel database for regions in … between the provinces and states within both countries are quite different. In China, the concentration of innovation is …. Innovative areas in China, rather than generate knowledge spillovers, seem to produce strong backwash effects. In India, by …
Persistent link: https://www.econbiz.de/10011083752
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Institutional Investors as Minority Shareholders: Do They Matter When Ownership Is Concentrated?
Hamdani, Assaf; Yafeh, Yishay - C.E.P.R. Discussion Papers - 2010
We shed new light on the corporate governance role of institutional investors in markets where concentrated ownership and business groups are prevalent. When companies have controlling shareholders, institutional investors, as minority shareholders, can play only a limited role in corporate...
Persistent link: https://www.econbiz.de/10008554240
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State Capitalism vs. Private Enterprise
Chen, Donghua; Jiang, Dequan; Ljungqvist, Alexander P.; … - C.E.P.R. Discussion Papers - 2015
We study the efficiency of internal capital markets at state-controlled and privately owned business groups in China. Using highly granular data on within-group capital flows, we document stark differences: while private groups allocate more capital to units with better investment opportunities,...
Persistent link: https://www.econbiz.de/10011168893
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Business Groups in Emerging Markets: Paragons or Parasites?
Khanna, Tarun; Yafeh, Yishay - C.E.P.R. Discussion Papers - 2005
Diversified business (or corporate) groups, consisting of legally independent firms operating in multiple markets, are ubiquitous in emerging markets and even in some developed economies. The study of groups, a hybrid organizational form between firm and market, is of relevance to industrial...
Persistent link: https://www.econbiz.de/10005114482
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Business Groups in the United States: A Revised History of Corporate Ownership, Pyramids and Regulation, 1930-1950
Kandel, Eugene; Kosenko, Konstantin; Morck, Randall; … - C.E.P.R. Discussion Papers - 2013
The extent to which business groups ever existed in the United States and, if they did exist, the reasons for their disappearance are poorly understood. In this paper we use hitherto unexplored historical sources to construct a comprehensive data set to address this issue. We find that (1)...
Persistent link: https://www.econbiz.de/10011083947
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Internal Capital Markets, Cross-Subsidization and Product Market Competition
Cestone, Giacinta; Fumagalli, Chiara - C.E.P.R. Discussion Papers - 2001
This Paper analyses the interaction between internal capital market allocations and product market competition. It is argued that diversification and divestiture are both rational responses to anticipated changes in the competitive environment. Diversification is the optimal response to an...
Persistent link: https://www.econbiz.de/10005791317