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decisions at the time of the IPO: which investment bank should we choose? First of all, an analyses is given of the pros and … cons of an IPO and why a company should work with an investment bank. The next chapter talks about characteristics that …
Persistent link: https://www.econbiz.de/10005835729
There are mainly two types of theories explaining banking crisis, emanating from the monetarist school respectively institutional economics. Using an allegory, monetarists are discussing how much water in terms of liquidity that is needed to stop a fire escalating into a disaster, while...
Persistent link: https://www.econbiz.de/10005836657
Currently, foreign banks own the banks that hold about 80 percent of the assets in Mexican banks. The paper argues that this is the third instance in which foreign-owned banks have initially comprised a large part of the Mexican banking system, and that in the first two cases (1865-1910 and...
Persistent link: https://www.econbiz.de/10005621479
agricultural protection in the US: (i) legislator preferences, (ii) electoral incentives, or (iii) lobbying. Using data on the roll … agricultural protection, but that legislator preferences and lobbying play a role, too. Moreover, legislator preferences and …
Persistent link: https://www.econbiz.de/10011260782
being a function of rent seeking and/or lobbying by de facto power holders is tested. The resulting interesting finding is … that, political interference, rent seeking and lobbying increase the probability of state fragility by mitigating the …
Persistent link: https://www.econbiz.de/10011261165
between a decision-maker and a lobbying party serves as a legal substitute for corruption. Due to the obvious lack of field … pure anticipation of future rewards from a lobbying party suffices to bias a decision-maker in favor of this party, even …
Persistent link: https://www.econbiz.de/10010540487
In this paper we present a model of the behavior of commercial lobbying firms (such as the so-called K-Street lobbyists … of Washington, D.C.). In contrast to classical special interest groups, commercial lobbying firms represent a variety of … their behalf to policymakers. In our analysis we address two basic questions; why do commercial lobbying firms exist, and …
Persistent link: https://www.econbiz.de/10009647362
between a decision-maker and a lobbying party serves as a legal substitute for corruption. Due to the obvious lack of field … pure anticipation of future rewards from a lobbying party suffices to bias a decision-maker in favor of this party, even …
Persistent link: https://www.econbiz.de/10010556731
simultaneously offers a menu contract to a common provider of the public good in order to induce greater supply, and a lobbying game …
Persistent link: https://www.econbiz.de/10009251555
It is well documented that firms develop nonmarket strategies in an effort to shape public policy changes to their advantage. But are there no limits to this? This paper argues that there is, in fact, an important limitation, internal to the firm, that stems from the necessity for firms to...
Persistent link: https://www.econbiz.de/10005835462