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The Transmission of Democracy: From the Village to the Nation-State
Giuliano, Paola; Nunn, Nathan - Institute for the Study of Labor (IZA) - 2013
We provide evidence that a history of democracy at the local level is associated with contemporary democracy at the … national level. Auxiliary estimates show that a tradition of local democracy is also associated with attitudes that favor … democracy, with better quality institutions, and higher level of economic development. …
Persistent link: https://www.econbiz.de/10010660255
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Why So Few Women on Boards of Directors? Empirical Evidence from Danish Companies 1997-2007
Parrotta, Pierpaolo; Smith, Nina - Institute for the Study of Labor (IZA) - 2013
This paper analyzes the determinants of women on the boards of directors based on a panel sample of all Danish companies in the private sector with more than 50 employees. The share of women on the boards of directors was 12 percent in 2007 and has only slowly increased during the period...
Persistent link: https://www.econbiz.de/10010737585
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Female-Led Firms: Performance and Risk Attitudes
Parrotta, Pierpaolo; Smith, Nina - Institute for the Study of Labor (IZA) - 2013
This paper investigates the relationship between gender of the CEO and composition of the board of directors (female chairman and share of women in the boardroom) and firm's risk attitudes measured as variability in four firm outcome variables (investments, profits, return to equity, and sales)....
Persistent link: https://www.econbiz.de/10010737586
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The Financial and Operating Performance of Privatized Firms in Sweden
Tatahi, Motasam; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2009
This paper examines the change in operating and financial performance of Swedish firms that were either partly or fully privatized during the period of 1989-2007. Two different methods are used to empirically investigate the performance of privatized firms. First, accounting data prior to and...
Persistent link: https://www.econbiz.de/10005762205
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Legal Corruption, Politically Connected Corporate Governance and Firm Performance
Domadenik, Polona; Prašnikar, Janez; Svejnar, Jan - Institute for the Study of Labor (IZA) - 2014
economies, affects corporate governance and productive efficiency of firms. Our model predicts that underdeveloped democratic …
Persistent link: https://www.econbiz.de/10010884312
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Say Pays! Shareholder Voice and Firm Performance
Cuñat, Vicente; Giné, Mireia; Guadalupe, Maria - Institute for the Study of Labor (IZA) - 2014
efficiency and market value. …
Persistent link: https://www.econbiz.de/10010959767
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Retained State Shareholding in Chinese PLCs: Does Government Ownership Reduce Corporate Value?
Tian, Lihui; Estrin, Saul - Institute for the Study of Labor (IZA) - 2005
The role of government shareholding in corporate performance is central to an understanding of China’s newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10005822452
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Firm Performance and Managerial Turnover: The Case of Ukraine
Muravyev, Alexander; Talavera, Oleksandr; Bilyk, Olga; … - Institute for the Study of Labor (IZA) - 2009
. Overall, our analysis suggests that corporate governance in Ukraine operates with a certain degree of efficiency, despite the …
Persistent link: https://www.econbiz.de/10005103255
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Ownership or Performance: What Determines Board of Directors' Turnover in Italy?
Brunello, Giorgio; Graziano, Clara; Parigi, Bruno - Institute for the Study of Labor (IZA) - 2000
This paper studies the turnover of board of directors members in a sample of 72 companies listed on the Milan Stock Exchange during the period 1988-1996. We investigate whether board members change more frequently when company performance is poor, as the literature suggests, and whether and how...
Persistent link: https://www.econbiz.de/10005566811
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Efficiency in Employee-Owned Enterprises: An Econometric Case Study of Mondragon
Arando, Saioa; Gago, Monica; Jones, Derek C.; Kato, Takao - Institute for the Study of Labor (IZA) - 2011
We provide the first econometric study of efficiency for a member of the Mondragon group of worker cooperatives. Eroski …
Persistent link: https://www.econbiz.de/10009021887