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Market Discipline, Information Processing, and Corporate Governance
Hellwig, Martin - Volkswirtschaftliche Fakultät, … - 2006
The paper reviews and assesses our understanding of the notion of “market discipline†in corporate governance. It questions the wholesale appeal to this notion in policy discussion, which fails to provide an account of the underlying mechanisms in terms of theory and empirical...
Persistent link: https://www.econbiz.de/10005248996
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Does Anonymity Matter in Electronic Limit Order Markets?
Foucault, Thierry; Moinas, Sophie; Theissen, Erik - Volkswirtschaftliche Fakultät, … - 2004
and market liquidity are different in each market design. We test these predictions using a natural experiment. As of …
Persistent link: https://www.econbiz.de/10005248997
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Fiscal Rules and Fiscal Performance in the EU and Japan
Hagen, Jürgen von - Volkswirtschaftliche Fakultät, … - 2006
such rules in Japan and in the EU. Comparing the performance of fiscal policy in the 1980s and 1990s until 2003, we find … with some suggestions for the design of a strong fiscal rule in Japan. …
Persistent link: https://www.econbiz.de/10005614479
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Sovereign Risk Premiums in the European Government Bond Market
Bernoth, Kerstin; Hagen, Jürgen von; Schuknecht, Ludger - Volkswirtschaftliche Fakultät, … - 2006
service payments as the key measure of indebtedness and eliminated liquidity premiums in the euro area. …
Persistent link: https://www.econbiz.de/10005785880
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R & D and productivity : the econometric evidence
Griliches, Zvi - 1998
Persistent link: https://www.econbiz.de/10013480896