Showing 1 - 10 of 99
The question of why individual investors want dividends is investigated by submitting a questionnaire to a Dutch investor panel. The respondents indicate that they want dividends partly because the cost of cashing in dividends is lower than the cost of selling shares. Their answers provide...
Persistent link: https://www.econbiz.de/10005076991
In earlier papers on “Socialist privatization” Feige proposed a sequential set of stabilization, privatization and …
Persistent link: https://www.econbiz.de/10005118677
investigates the case of a large privatized firm subject to many policy constraints. The last steps of Telefonica's privatization … documented phenomenon both in this study and in the cross-country literature on privatization; e.g. political ends in … privatization, influence in appointments, golden shares) as the most visible part of such collusion. Liberalization and multi …
Persistent link: https://www.econbiz.de/10005413213
’s case within the international debate regarding the privatization of state-owned companies and the importance of CG … mechanisms as instruments of change. It is argued that the privatization of state-owned companies, when is accompanied with …
Persistent link: https://www.econbiz.de/10005561676
This paper contributes to the debate about the appropriate efficiency rule for the provision of a firm-augmenting public input. This debate is caused by the dissatisfaction of Kaizuka-rule, i.e. a Samuelson-type condition for public inputs, in the long run. Therefore the applicability of...
Persistent link: https://www.econbiz.de/10005125939
Persistent link: https://www.econbiz.de/10005062402
We contribute to the field of urban governance and globalization through an empirically-based exploration of determinants of performance of cities. We construct a preliminary worldwide database for cities, containing variables and indicators of globalization (at the country and city level), city...
Persistent link: https://www.econbiz.de/10005062505
This paper introduces a dynamic model of productivity measurement based on recent endogenous growth theories. The model presented in this study is based on dynamic duality theory and incorporate public goods (public capital and R&D) as external factors to the firms. It also rationalizes the...
Persistent link: https://www.econbiz.de/10005556167
This paper shows the impact that investment in infrastructure may have on the efficiency of agricultural products markets. Using daily price series for the most important agricultural crop in Peru (potato), in 10 cities from 1995 to 2001, we show that there is enough evidence to conclude that...
Persistent link: https://www.econbiz.de/10005556218
The issue of whether government capital is productive has received a great deal of recent attention. Yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many researchers...
Persistent link: https://www.econbiz.de/10005556919