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Privatization and Productivity in Romanian Industry: Evidence from a Comprehensive Enterprise Panel

Earle, John S.; Telegdy, Álmos - Institute for the Study of Labor (IZA) - 2001

We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …

Persistent link: https://www.econbiz.de/10005566810

How Policy Changes Affect Shareholder Wealth: The Case of the Fukushima Daiichi Nuclear Disaster

Betzer, André; Doumet, Markus; Rinne, Ulf - Institute for the Study of Labor (IZA) - 2011

This paper analyzes how policy changes affect shareholder wealth in the context of environmental regulation. We exploit the unique and unexpected German reaction to the Fukushima Daiichi nuclear disaster, which involved the immediate shutdown of almost half of Germany’s nuclear reactors while...

Persistent link: https://www.econbiz.de/10009220619

Surviving the Turbulence Is Not Enough: Can Côte d'Ivoire Flourish Again?

Constant, Amelie F.; Tien, Bienvenue N. - Institute for the Study of Labor (IZA) - 2011

Côte d'Ivoire is the world’s largest producer and exporter of cocoa beans, it accounts for 40% of the WAEMU's output, and 11% of its population are immigrant workers. Any political instability in the country will not only affect the domestic economy, but it will also affect the international...

Persistent link: https://www.econbiz.de/10009294829

The Determinants of Foreign Direct Investment Flows to the Federal Region of Kurdistan

Heshmati, Almas; Davis, Rhona - Institute for the Study of Labor (IZA) - 2007

The flow of foreign direct investment (FDI) has increased dramatically in the last two decades. However, the distribution of FDI is highly unequal and the competition among countries to attract foreign investors is fierce. This report investigates the determinants of FDI inflows to developing...

Persistent link: https://www.econbiz.de/10005762073

Do Women in Top Management Affect Firm Performance? A Panel Study of 2500 Danish Firms

Smith, Nina; Smith, Valdemar; Verner, Mette - Institute for the Study of Labor (IZA) - 2005

Corporate governance literature argues that board diversity is potentially positively related to firm performance. This study examines the relationship in the case of women in top executive jobs and on boards of directors. We use data for the 2500 largest Danish firms observed during the period...

Persistent link: https://www.econbiz.de/10005703543

Banks and Innovation: Microeconometric Evidence on Italian Firms

Benfratello, Luigi; Schiantarelli, Fabio; Sembenelli, … - Institute for the Study of Labor (IZA) - 2006

In this paper we investigate the effect of local banking development on firms’ innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990’s. There is evidence that banking development affects the probability of process innovation,...

Persistent link: https://www.econbiz.de/10005822124

Investor Protection and the Value of Shares: Evidence from Statutory Rules Governing Variations of Shareholders' Class Rights in Russia

Muravyev, Alexander - Institute for the Study of Labor (IZA) - 2009

This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...

Persistent link: https://www.econbiz.de/10008497016

A Model of NGO Regulation with an Application to Uganda

Burger, Ronelle; Dasgupta, Indraneel; Owens, Trudy - Institute for the Study of Labor (IZA) - 2011

We develop a model of regulation of service-delivery NGOs, where future grants are conditional on prior spending of some minimal proportion of current revenue on direct project-related expenses. Such regulation induces some NGOs to increase current project spending, but imposes wasteful costs of...

Persistent link: https://www.econbiz.de/10009403389

Redistributive Taxation and Personal Bankruptcy in US States

Grant, Charles; Koeniger, Winfried - Institute for the Study of Labor (IZA) - 2005

Both personal bankruptcy and redistributive taxes can insure households’ consumption risk and both vary considerably across US states. We derive sufficient conditions under which more redistributive taxation makes bankruptcy exemptions less attractive both for the intratemporal insurance and...

Persistent link: https://www.econbiz.de/10005822652

Credit Constraints as a Barrier to the Entry and Post-Entry Growth of Firms

Scarpetta, Stefano; Aghion, Philippe; Fally, Thibault - Institute for the Study of Labor (IZA) - 2007

Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings also influence firms’ decision to enter, to expand if successful and to...

Persistent link: https://www.econbiz.de/10005233782