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Postprivatization Corporate Governance: the Role of Ownership Structure and Investor Protection

Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrane - Fondazione ENI Enrico Mattei (FEEM) - 2003

We investigate the role of ownership structure and investor protection in postprivatization corporate governance. We find that the government relinquishes control over time, mainly to the benefit of local institutions and foreign investors. We also show that private ownership tends to...

Persistent link: https://www.econbiz.de/10005423064

Abnormal Returns in Privatization Public Offerings: The Case of Portuguese Firms

Vieira, Carla; Serra, Ana Paula - Fondazione ENI Enrico Mattei (FEEM) - 2005

This paper provides evidence on abnormal returns of Portuguese privatization public offerings for the period from 1989 … privatization transactions and investigates the determinants of the observed price behavior. Our results are not supportive of the … underpricing phenomenon except if we exclude the very extreme observations. The results show further that privatization IPOs …

Persistent link: https://www.econbiz.de/10005423242

Business Groups, Bank Control and Large Shareholders: An Analysis of German Takeovers

Boehmer, Ekkehart - Fondazione ENI Enrico Mattei (FEEM) - 1999

I analyse the effect of ownership structure and bank control on performance. I employ a unique data set of 715 German takeovers to test whether group structure, large shareholders, and bank control affect their value to shareholders. First, I find that takeovers increase bidder value, but...

Persistent link: https://www.econbiz.de/10005423210

Towards a New Eastern Mediterranean Energy Corridor? Natural Gas Developments Between Market Opportunities and Geopolitical Risks

Tagliapietra, Simone - Fondazione ENI Enrico Mattei (FEEM) - 2013

never-ending dispute between Turkey and the Republic of Cyprus are -all together- reshuffling the regional geopolitical … equilibrium. At the same time natural gas findings are flourishing in the offshore of Egypt, Israel, and Cyprus, reshaping the …

Persistent link: https://www.econbiz.de/10010833897

Reallocating Water: An Application of Sequent

Ansink, Erik; Marchiori, Carmen - Fondazione ENI Enrico Mattei (FEEM) - 2009

, including those based on water markets. Our approach is illustrated using an application to water reallocation in Cyprus, where …

Persistent link: https://www.econbiz.de/10008489614

Accounting for Different Uncertainties: Implications for Climate Investments?

Hector, Svenja - Fondazione ENI Enrico Mattei (FEEM) - 2013

The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount rate to a change in risk aversion depends on some...

Persistent link: https://www.econbiz.de/10010904906

Estimating the Value of Safety with Labor Market Data: Are the Results Trustworthy?

Hintermann, Beat; Alberini, Anna; Markandya, Anil - Fondazione ENI Enrico Mattei (FEEM) - 2006

We use a panel dataset of UK workers to look for evidence of compensating wage differentials for workplace risk. Risk data are available at the four-digit industry level or at the three-digit occupation level. We discuss various econometric problems associated with the hedonic wage approach,...

Persistent link: https://www.econbiz.de/10004990058

Marginal External Costs of Peak and Non Peak Urban Transport in Belgium

Nocker, Leo De; Vergote, Stef; Vinckx, Luc; Wouters, Guido - Fondazione ENI Enrico Mattei (FEEM) - 1999

This paper discusses intermediate results of an ongoing research project to estimate all external costs from all transport modes in Belgium. It gives estimates of the marginal external costs of air pollution from urban transport. The evaluation of the environmental impacts is based on the...

Persistent link: https://www.econbiz.de/10005423053

The Preferences of Trieste Inhabitants for the Re-use of the Old Port: A Conjoint Choice Experiment

Massiani, Jérôme; Rosato, Paolo - Fondazione ENI Enrico Mattei (FEEM) - 2008

In many developed countries, abandoned (derelict or underused) industrial areas often occupy important parts of the cities. This raises issues about the possibilities of reusing these areas as well as on the conservation of industrial heritage they often entail. Conjoint Analysis (CA) can shed...

Persistent link: https://www.econbiz.de/10005423146

Burn or Bury? A Social Cost Comparison of Final Waste Disposal Methods

Dijkgraaf, Elbert; Vollebergh, Herman R.J. - Fondazione ENI Enrico Mattei (FEEM) - 2003

This paper uses private and environmental cost data for the Netherlands to evaluate the social cost of two final waste disposal methods, landfilling versus incineration using waste-to-energy (WTE) plants. The data only provide some support for the widespread policy preference for incineration...

Persistent link: https://www.econbiz.de/10005230945