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Competition Laws, Governance, and Firm Value

Levine, Ross; Chen, Lin; Xie, Wensi - National Bureau of Economic Research - 2021

Do antitrust laws influence corporate valuations? We evaluate the relationship between firm value and laws limiting firms from engaging in anticompetitive agreements, abusing dominant positions, and conducting M&As that restrict competition. Using firm-level data from 99 countries over the...

Persistent link: https://www.econbiz.de/10012585392

Competition Laws, Norms and Corporate Social Responsibility

Ding, Wenzhi - 2020

Theory offers differing perspectives and predictions about the impact of product market competition on corporate social …

Persistent link: https://www.econbiz.de/10012481348

Finance and Growth : Theory and Evidence

Levine, Ross - 2004

is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease …

Persistent link: https://www.econbiz.de/10012467924

The Economics of Human Development and Social Mobility

Heckman, James J. - 2014

This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...

Persistent link: https://www.econbiz.de/10012458740

International Financial Integration and Economic Growth

Edison, Hali J. - 2002

This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government...

Persistent link: https://www.econbiz.de/10012469546

Emerging Equity Markets and Economic Development

Bekaert, Geert - 2000

We provide an analysis of real economic growth prospects in emerging markets after financial liberalizations. In contrast with previous research, we identify the financial liberalization dates and examine the influence of liberalizations while controlling for a number of other macroeconomic and...

Persistent link: https://www.econbiz.de/10012470987

Determinants of Long-Term Growth : A Bayesian Averaging of Classical Estimates (BACE) Approach

Doppelhofer, Gernot - 2000

This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...

Persistent link: https://www.econbiz.de/10012471000

Dating the Integration of World Equity Markets

Bekaert, Geert - 1998

Measuring the integration of world capital markets is notoriously difficult. For example, regulatory changes which … equity market becomes financially integrated with world capital markets. We find endogenous break dates that are very … markets are on average larger and more liquid than before; returns are more volatile and more highly correlated with the world …

Persistent link: https://www.econbiz.de/10012472089

Capital Flows and the Behavior of Emerging Market Equity Returns

Bekaert, Geert - 1998

find that increases in equity flows are associated with a lower cost of capital, higher correlation with world market …

Persistent link: https://www.econbiz.de/10012472142

The Implications of First-Order Risk Aversion for Asset Market Risk Premiums

Bekaert, Geert - 1994

Existing general equilibrium models based on traditional expected utility preferences have been unable to explain the excess return predictability observed in equity markets, bond markets, and foreign exchange markets. In this paper, we abandon the expected-utility hypothesis in favor of...

Persistent link: https://www.econbiz.de/10012474310