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Does Ownership Structure Influence Firm Value? Evidence from India

Kumar, Jayesh - EconWPA - 2004

This paper examines the effect of ownership structure on the firm performance for an unbalanced panel of 2478 Indian … corporate firms from 1994 to 2000. We examine the effect of interactions between corporate, foreign, institutional, and … managerial ownership on firm performance. Using panel data framework, we show that a large fraction of cross- sectional variation …

Persistent link: https://www.econbiz.de/10005134786

Why People Evade Taxes in the Czech and Slovak Republics: A Tale of Twins

Hanousek, Jan; Palda, Filip - EconWPA - 2002

The present paper uses a survey of 1062 Czechs and 524 Slovaks to ask why people evade taxes. We maintain that the Czech and Slovak Republics are “twins” separated at birth and that divergences between these countries since their separation in 1992 can explain divergences in their rates of...

Persistent link: https://www.econbiz.de/10005125889

Quality of Government Services and the Civic Duty to Pay Taxes in the Czech and Slovak Republics, and other Transition Countries

Hanousek, Jan; Palda, Filip - EconWPA - 2002

A 2002 survey of 1089 Czechs and 501 Slovaks, as well as a more limited survey of Hungary, and Poland, indicates that an individual may evade taxes in part if he believes he is receiving substandard government services. We suggest that an individual’s evaluation of the quality of government...

Persistent link: https://www.econbiz.de/10005408409

Foreign Ownership and Corporate Income Taxation: An Empirical Evaluation

Huizinga, Harry; Nicodeme, Gaetan - EconWPA - 2003

documents trends in the foreign ownership of companies in Europe and it examines whether foreign ownership has exerted a … positive influence on corporate income tax levels. Using company-level data, we document that the foreign ownership share in … Europe stood at around 21.5 percent in the year 2000. The estimation suggests that a one percentage point increase in foreign …

Persistent link: https://www.econbiz.de/10005125955

Valuing Joint Ventures Using Real Options

Pape, Ulrich; Schmidt-Tank, Stephan - EconWPA - 2005

As the valuation of strategic measures becomes increasingly important, relatively few articles have discussed the valuation methods pertained for joint ventures. This paper shows that real options contribute to a better valuation of joint venture projects through superior reflection of the value...

Persistent link: https://www.econbiz.de/10005077010

Characteristics of the International Joint Ventures in Bulgaria (1989-2003)

Marangozov, Iavor - EconWPA - 2005

depending on the nationality of the foreign partners, coming from three regions: Triad countries (USA, Western Europe and Japan … registered in previous studies both on the conventional IJV, set up by foreign and local partners, and on the non …-conventional IJV, formed by foreign partners alone. Research limitations/implications - Notwithstanding the generalized results …

Persistent link: https://www.econbiz.de/10005134421

Termination Clauses in Partnerships

Comino, Stefano; Nicolò, Antonio; Tedeschi, Piero - EconWPA - 2005

In this paper, we prove that two firms can choose not to include a termination clause in their partnership contract, thus inducing a costly termination in case of failure of the joint project. This ex-post inefficiency induces partners to exert large non-contractible efforts (investments) to...

Persistent link: https://www.econbiz.de/10005134557

Mergers, Acquisitions, Joint Ventures and Strategic Alliances in Agricultural Cooperatives

Hudson, Darren; Herndon, Bill - EconWPA - 2004

A recent merger “wave” has occurred within the economy, including the agricultural sector. Some research has been conducted on publicly traded companies, but there is little information available on merger activity within agricultural cooperatives. This paper presents the results of a recent...

Persistent link: https://www.econbiz.de/10005561492

PUBLICATION PERFORMANCE OF ECONOMISTS AND ECONOMICS DEPARTMENTS IN TURKEY (1999-2003)

cokgezen, murat - EconWPA - 2005

This is the first study evaluating publication performances of economists and economics departments in Turkey. Findings show wide gaps between the Top-Five economics departments and economists affiliated to these universities and the others. Publication patterns of Turkish economists are the...

Persistent link: https://www.econbiz.de/10005124928

Measuring Loss Potential of Hedge Fund Strategies

Prado, Marcos Mailoc López de; Peijan, Achim - EconWPA - 2005

We measure the loss potential of Hedge Funds by combining three market risk measures: VaR, Draw-Down and Time Under-The-Water. Calculations are carried out considering three different frameworks regarding Hedge Fund returns: i) Normality and time-independence, ii) Non-normality and time-...

Persistent link: https://www.econbiz.de/10005134729