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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

Using a Satisficing Model of Experimenter Decision-Making to Guide Finite-Sample Inference for Compromised Experiments

Karapakula, Ganesh - 2020

This paper presents a simple decision-theoretic economic approach for analyzing social experiments with compromised random assignment protocols that are only partially documented. We model administratively constrained experimenters who satisfice in seeking covariate balance. We develop...

Persistent link: https://www.econbiz.de/10012481286

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

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

The Globalization of Information and Capital Mobility

Branson, William H. - 1990

This paper provides a framework for analyzing the effects of symmetric and asymmetric changes in information about risk on equilibrium real interest rate spreads across countries. Following the literature on parameter uncertainty, improvements in information are modeled as reductions in...

Persistent link: https://www.econbiz.de/10012475531

World Real Interest Rates

Barro, Robert J. - 1990

We think of the expected real interest rate for ten OECD countries (our counterpart of the world economy) as determined … estimated the reduced form for CDP-weighted world averages of the expected short-term real interest rate and the investment … ratio over the period 1959-88. The estimates reveal significant effects in the predicted direction for world stock returns …

Persistent link: https://www.econbiz.de/10012475718

Competition Laws and Corporate Innovation

Levine, Ross - 2020

A central debate in economics concerns the relationship between competition and innovation, with some stressing that competition discourages innovation by reducing post-innovation rents and others emphasizing that more contestable markets spur currently dominant and other firms to invest more in...

Persistent link: https://www.econbiz.de/10012481835