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Royal Ahold : A Failure of Corporate Governance and an Accounting Scandal

de Jong, A.; DeJong, D.V.; Mertens, G.M.H.; Roosenboom, … - Tilburg University, Center for Economic Research - 2005

Royal Ahold (Koninklijke Ahold NV) was one of the major success stories in the 1990s and is one of the major failures, suffering a complete meltdown, in 2003.We investigate the strategy, accounting transparency and corporate governance of Ahold; elements which jointly drive the firm s performance...

Persistent link: https://www.econbiz.de/10011091014

The Role of Self-Regulation in Corporate Governance : Evidence from the Netherlands

de Jong, A.; DeJong, D.V.; Mertens, G.M.H.; Wasley, C. - Tilburg University, Center for Economic Research - 2000

The purpose of this paper is to gather evidence on the success of market forces in promoting investor interests through self-regulation.Corporate governance is a complex mechanism design problem that is both economic and legal/political based.As such there is great interest in whether (and when)...

Persistent link: https://www.econbiz.de/10011091306

Corporate Governance Convergence : Evidence from Takeover Regulation Reforms in Europe

Renneboog, Luc; Goergen, M.; Martynova, M. - Tilburg University, Center for Economic Research - 2005

This paper contributes to the research on corporate governance by predicting the effects of European takeover regulation.In particular, we investigate whether the recent reforms of takeover regulation in Europe are leading to a harmonization of the national legislations.With the help of 150...

Persistent link: https://www.econbiz.de/10011092169

A Corporate Governance Index : Convergence and Diversity of National Corporate Governance Regulations

Renneboog, Luc; Martynova, M. - Tilburg University, Center for Economic Research - 2010

The issue of appropriate corporate governance framework has been a focal point of recent reforms in many countries. This study provides a comprehensive comparative analysis of corporate governance regulatory systems and their evolution over the last 15 years in 30 European countries and the US....

Persistent link: https://www.econbiz.de/10011092184

Internal and External Discipline Following Securities Class Actions

Humphery-Jenner, M. - Tilburg University, Center for Economic Research - 2011

Companies are sometimes accused of misleading the market. The SEC can punish this with enforcement actions. Alternatively, shareholders can seek redress through a shareholder class action (SCA). While some literature has examined SEC actions, it has not examined SCAs, and has not examined...

Persistent link: https://www.econbiz.de/10011092569

MAcMap-HS6 2007, an exhaustive and consistent measure of applied protection in 2007

Guimbard, Houssein; Jean, Sébastien; Mimouni, Mondher; … - Centre d'études prospectives et d'informations … - 2012

, proposes an exhaustive and consistent measure of applied, preferential tariff protection in 2007. The methodology, similar to … computing ad valorem equivalents of tariff protection, and when computing averages at aggregate levels. The world average … applied protection level in 2007 is estimated to be 4.4%. Compared to 2004, this is a decline by nearly 0.7 percentage point …

Persistent link: https://www.econbiz.de/10010604044

Assessing the price-raising effect of non-tariff measures in Africa

Cadot, Olivier; Gourdon, Julien - Centre d'études prospectives et d'informations … - 2012

In spite of widespread tariff reductions, intra-African borders remain thick. Regional trade is inhibited by inadequate transportation infrastructure, but also by various government-imposed measures. This paper combines price data from the World Bank’s International Comparison Project (ICP)...

Persistent link: https://www.econbiz.de/10010604040

Network Analysis of World Trade using the BACI-CEPII dataset

Benedictis, Luca De; Nenci, Silvia; Santoni, Gianluca; … - Centre d'études prospectives et d'informations … - 2013

In this paper we explore the BACI-CEPII database using Network Analysis. Starting from the visualization of the World Trade Network, we then define and describe the topology of the network, both in its binary version and in its weighted version, calculating and discussing some of the commonly...

Persistent link: https://www.econbiz.de/10010827773

Regional Integration and Natural Resources: who benefits? Evidence from MENA

Carrère, Céline; Gourdon, Julien; Olarreaga, Marcelo - Centre d'études prospectives et d'informations … - 2012

This paper is built on Venables (2011) theoretical predictions which show that gains from regional integration are unevenly distributed between resource rich and poor countries. We explore the effects of different integration schemes in Middle East and North Africa. Results suggest that within...

Persistent link: https://www.econbiz.de/10010827776

New Revealed Comparative Advantage Index: Dataset and Empirical Distribution

Leromain, Elsa; Orefice, Gianluca - Centre d'études prospectives et d'informations … - 2013

Balassa Index (Balassa 1965) is widely used in the literature to measure country-sector Revealed Comparative Advantage (RCA). However, being computed on observed trade flows, it mixes up all the factors influencing trade flows. In particular, Balassa Index cannot isolate exporter-sector (ex...

Persistent link: https://www.econbiz.de/10010827781