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The paper analyses a new leximetric dataset for India relating to the protection of shareholders of the limited liability corporate sector and examines the impact of the changes in the shareholder protection law on economic development through stock market development. It finds no long-term...
Persistent link: https://www.econbiz.de/10005837028
This paper explores the question of whether the institution of the stock market is likely to be helpful to developing countries in promoting their real economy and ensuring fast industrial growth. The case for and against the stock market inevitably involves a discussion of the important related...
Persistent link: https://www.econbiz.de/10008490555
The debate on competition and innovation has produced a wide range of theoretical and empirical findings. Recently …, corporate governance quality has emerged as an additional factor that may complement or substitute for competition’s effect on … innovation. We aim to contribute to the debate by investigating whether product-market competition and corporate governance …
Persistent link: https://www.econbiz.de/10011258940
held beliefs, product market competition in emerging countries is no less intense than in advanced economies. …
Persistent link: https://www.econbiz.de/10011259047
The purpose of the present paper is to contribute to the literature on country interlocks by illustrating and analysing the interlocking directorships in the Italian listed companies from 1998 to 2006. We find that over the entire period a high percentage of the Italian listed companies are...
Persistent link: https://www.econbiz.de/10005836560
The purpose of this paper is to contribute to the literature on director interlocks by illustrating and analysing the interlocking directorships among the Italian, French, German, UK and US listed Blue Chips. The comparison of the five countries considered shows that two national models stand...
Persistent link: https://www.econbiz.de/10005061670
We study how competition and corporate governance may explain investment decisions of Mexican manufacturing firms. We … ownership and control), and market competition may encourage investment decisions. Furthermore they suggest an inverse … relationship between market competition and agency costs. We believe that our findings support the hypothesis that competition may …
Persistent link: https://www.econbiz.de/10008804693
held beliefs, product market competition in emerging countries is no less intense than in advanced economies …
Persistent link: https://www.econbiz.de/10008560100
Existing research on the relationship between market concentration and innovation has produced conflicting findings. In addition, the emerging literature on the relationship between corporate governance and innovation tends to focus only on partial effects of corporate governance on innovation....
Persistent link: https://www.econbiz.de/10011258419
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620