Similar Search Results

Does Corporate Aid Really Help Fighting Worldwide Poverty? A Case Study of Nestlé's Aid Allocation

Metzger, Laura; Nunnenkamp, Peter; Mahmoud, Toman Omar - Institut für Weltwirtschaft (IfW) - 2008

Having passed the “market test”, private aid is claimed by its proponents to be better-targeted than official development assistance (ODA). But empirical evidence is largely lacking. We contribute to closing this gap by performing a case study of Nestlé, one of the frontrunners among...

Persistent link: https://www.econbiz.de/10005700536

Germany's Capital Market and Corporate Governance

Siebert, Horst - Institut für Weltwirtschaft (IfW) - 2004

Germany’s capital market relies on bank-intermediated products and not so much on capital market processes. Two of the pillars in Germany’s three-pillar banking system, the savings banks and the cooperative banks, have special statutes and are not exposed to the control of the capital market...

Persistent link: https://www.econbiz.de/10005755136

The Positive Economics of Corporatism and Corporate Governance

Fehn, Rainer; Meier, Carsten-Patrick - Institut für Weltwirtschaft (IfW) - 2000

This paper presents a positive model which shows that institutional setups on capital and labor markets might be intertwined by politicoeconomic forces. Two politicoeconomic equilibria arise from our model, one with little protection of insiders on capital and labor markets, and another one with...

Persistent link: https://www.econbiz.de/10005755253

Complementarities in Corporate Governance. A Survey of the Literature with Special Emphasis on Japan

Heinrich, Ralph P. - Institut für Weltwirtschaft (IfW) - 1999

The present paper uses a comparison of Japan and the US to argue that the debate about corporate governance reform is best framed in terms of systems of complementary instruments and institutions. It argues that the Japanese and US systems of corporate governance differ along many dimensions,...

Persistent link: https://www.econbiz.de/10005755274

Complementarities in Corporate Governance: Ownership Concentration, Capital Structure, Monitoring and Pecuniary Incentives

Heinrich, Ralph P. - Institut für Weltwirtschaft (IfW) - 2000

The paper shows that, as owners accumulate larger stakes and hence become less risk-tolerant, their incentives to monitor management are attenuated because monitoring shifts some of the firmÂ’s risk from management to owners. This counterbalances the positive effect which more concentrated...

Persistent link: https://www.econbiz.de/10005818781

Structures and Trends in German Banking

Koetter, Michael; Nestmann, Thorsten; Stolz, Stéphanie; … - Institut für Weltwirtschaft (IfW) - 2004

In this paper, we investigate the claim that German banks are special compared to banks in other industrialised economies. We show that banks are of particular importance to the German economy—as financial intermediary, as lender to the corporate sector, and as part of the corporate governance...

Persistent link: https://www.econbiz.de/10005818834

A Model of Corporate Governance as a System

Heinrich, Ralph P. - Institut für Weltwirtschaft (IfW) - 1999

This paper provides a rationale for the coexistence of different systems of corporate governance based on the multitude of agency problems typically to be governed within a given firm. Because there are complementarity and substitution relationships between governance instruments, specific...

Persistent link: https://www.econbiz.de/10005818918

The nature of corruption: An interdisciplinary perspective

Dimant, Eugen - Institut für Weltwirtschaft (IfW) - 2013

Corruption has fierce impacts on economic and societal development and is subject to a vast range of institutional …, jurisdictional, societal and economic conditions. Research indicates that corruption's predominantly negative effects have arisen to … impairing everybody's life. This paper provides a comprehensive state-of-the-art survey of existing literature on corruption and …

Persistent link: https://www.econbiz.de/10010956101

Corruption and Political Competition

Damania, Richard; Yalcýn, Erkan - Institut für Weltwirtschaft (IfW) - 2008

There is a growing evidence that political corruption is often closely associated with the rent seeking activities of … groups and the incidence of political corruption and determines whether electoral competition can eliminate political … corruption. We obtain some striking results. Greater electoral competition serves to lessen policy distortions. However, this in …

Persistent link: https://www.econbiz.de/10005083388

Does corruption facilitate trade for the new EU members?

Horsewood, Nicholas; Voicu, Anca Monika - Institut für Weltwirtschaft (IfW) - 2011

The paper uses a gravity model to examine the role of corruption in the direction of trade in a data set comprising … membership of the RTAs does not always increase bilateral trade whereas reducing a country's corruption does tend to increase … trade flows. The results suggest that EU membership, with the associated improvement in the perceived level of corruption …

Persistent link: https://www.econbiz.de/10009385873