This paper investigates how family ownership, control, and management affect firms’ investment performance. We use the identity of Chief Executive Officer (CEO) and Chairman of the Board (COB) to establish under what management the firm is: founder, descendant, or external management. The...

This paper contributes to the literature on ownership, control and performance by exploring these relationships for Swedish listed companies (1997-2002). We find that firms, on average, are making inferior investment decisions and that the use of dual-class shares have a negative effect on...

Constitutional government is an ideal and like all ideals can only be achieved as an approximation. Even those countries that appear to be near the ideal are revealed on examination to be not so near. Constitutional government, to the extent it is achieved reflects a state of affairs. It remains...

Ett fungerande näringsliv förutsätter ett fungerande konkursinstitut. På en fungerande marknad kan vi vänta oss att ineffektiva företag slås ut genom t.ex. innovativ nyetableringskonkurrens och att de effektiva företagen överlever. En vanlig uppfattning är att konkursinstitutet är ett...

My main purpose is to connect the issue of property rights to the set of questions concerning economic growth and the long-term determinants of the improvements in material well-being. To anticipate what will be my main conclusion, it is that property rights and economic growth are not...

While European health care systems are mostly public and similar the contrast is large to the US health industry based to a large extent in the market. Using competence bloc theory the industrial potential of Swedish and European health care is assessed and compared with US health industry. To...

Utgångspunkten i denna uppsats är att ekonomisk tillväxt och allmänt välstånd kan betraktas som ett resultat av att kunskap om hur nya och bättre varor och tjänster kan produceras allt effektivare byggs upp och tas i bruk. Detta sker inom ramen för kompetensblock, vilka definierar den...

Svensk och internationell forskning har visat att nya och små företag spelar en viktig roll för att skapa industriell utveckling och ekonomisk tillväxt. Det finns dock belägg för att Sverige i ett internationellt perspektiv kännetecknas av en låg nyetableringstakt och en brist på små...

Advanced products such as aircraft distinguish themselves by a number of characteristics. Products are complicated and produced under very complicated circumstances, but also have a very long life. The purchase price, therefore, is a small part of total user cost of the product. Product value,...

Intellectual property law, which includes patents and copyright law, establishes the ownership of innovations by people. It conveys a bundle of rights to creators as determined by rules. Applied to intellectual property law, the normative question of growth economics is, “Which ownership rules...