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Love or Money? The Effects of Owner Motivation in the California Wine Industry
Morton, Fiona M. Scott - 1998
Many industries are characterized by heterogeneous objectives on the part of firm owners. Owners of private firms, in … particular, are likely to maximize utility, rather than profits. In this paper, we model and measure motivations of owners in on … of these motivations for market behavior. We find evidence that owners with strong non-financial motivations choose …
Persistent link: https://www.econbiz.de/10012472070
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Hospital Ownership and Cost and Quality of Care : Is There a Dime's Worth of Difference?
Sloan, Frank A. - 1998
This paper compares cost and quality of care for Medicare patients hospitalized in for-profit hospitals contrasted with those in nonprofit and government hospitals following admission for hip fracture, stroke, coronary heart disease, or congestive heart failure. Cost of care in for-profit...
Persistent link: https://www.econbiz.de/10012472107
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Perception of House Price Risk and Homeownership
Adelino, Manuel - 2018
response to past (local) house price changes, but renters are much slower to update than owners. Since renters' decisions to …
Persistent link: https://www.econbiz.de/10012480741
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A Solomonic Solution to Ownership Disputes : An Application to Blockchain Front-Running
Gans, Joshua; Holden, Richard T. - National Bureau of Economic Research - 2022
Blockchain front-running involves multiple agents, other than the legitimate agent, claiming a payment from performing a contract. It arises because of the public nature of blockchain transactions and potential network congestion. This paper notes that disputes over payments are similar to...
Persistent link: https://www.econbiz.de/10012938749
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To Join or Not to Join? Factors Influencing Employee Share Plan Membership in a Multinational Corporation
Bryson, Alex - 2010
Many firms encourage employees to own company stock through share plans that subsidize the price at favorable rates, but even so many employees do not buy shares. Using a new survey of employees in a multinational with a share ownership plan, we find considerable variation in joining among...
Persistent link: https://www.econbiz.de/10012462365
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Evaluating the Slow Adoption of Energy Efficient Investments : Are Renters Less Likely to Have Energy Efficient Appliances?
Davis, Lucas W. - 2010
While public discussion of HR 2454 (the "Waxman Markey" bill) has focused on the cap-andtrade program that would be established for carbon emissions, the bill also includes provisions that would tighten energy efficiency standards for consumer appliances. Supporters argue that appliance...
Persistent link: https://www.econbiz.de/10012462542
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Intracompany Governance and Innovation
Belenzon, Sharon - 2009
This paper examines the relation between ownership, corporate form, and innovation for a cross-section of private and publicly traded innovating firms in the US and 15 European countries. A striking novel observation emerges from our analysis: while most innovating firms in the US are publicly...
Persistent link: https://www.econbiz.de/10012463346
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Innovation and Institutional Ownership
Aghion, Philippe - 2009
with career-concerns, where institutional owners increase managerial incentives to innovate by reducing the career risk of …
Persistent link: https://www.econbiz.de/10012463878
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How Does Corporate Governance Risk at Home Affect Investment Choices Abroad?
Kim, Woochan - 2008
Disparity between control and ownership rights gives rise to the risk of tunneling by the controlling shareholder, and is prevalent in many emerging market economies and present in some developed countries. At the same time, international investors come from different countries whose home...
Persistent link: https://www.econbiz.de/10012464925
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Why Do Private Acquirers Pay So Little Compared to Public Acquirers?
Bargeron, Leonce - 2007
We find that the announcement gain to target shareholders from acquisitions is significantly lower if a private firm instead of a public firm makes the acquisition. Non-operating firms like private equity funds make the majority of private bidder acquisitions. On average, target shareholders...
Persistent link: https://www.econbiz.de/10012465593