The aim of this paper is to investigate whether the She oil company, through investment and crude oil exploration, benefits socio-economic growth in Nigeria in general and in the Niger Delta of Nigeria in particular. In 1998, the United Nations Special Rapporteur's report on Nigeria accused...

We compare the influence of bankruptcy law on the risk of default and the rate of liquidation by banks. We show that it depends on whether it is pro-creditors or pro-debtors oriented, and on the intensity of competition between banks. Then , we analyse the various tools at the disposal of public...

The major legal regulation for patent protection of genetic inventions within the European Union (EU) is the so called 'Biopatentrichtlinie' (BPR). The goal of this guideline is the promotion of R&D in the area of genetic engineering. The following paper shows that the BPR lacks two important...

This study empirically investigates the causal relationship between mineral exploration and environmental pollution in Nigeria with specific focus on natural gas and crude oil in Niger Delta region. The model of Granger causality tests was used. Quarterly data covering 2008 and 2009 were used in...

Competition ensures competitive prices. In this respect, the liberalisation of the EU energy markets is a must. The regulatory framework for the energy markets should be properly designed and implemented by the member states in order to ensure enough competition. This paper aims to analyse the...

This volume contains the proceedings of a discussion forum relating issues of competitiveness in a globalised world to European competition policies. It includes a view from Joseph E. Stiglitz on competition in the New Economy, an EU view on new developments of Community policies, and a national...

This paper examines the main determinants of firms tax evasion and corruption in the formal industrial sector. In our model psychological morale of bureaucratic agents are important to explain corruption.It is shown that the presence of rents linked to favoritism and patronage practices is...

The past few years have seen a growing trend towards the focus on audit liability. In the UK, the Company Law Reform Bill which became the Companies Act 2006, has removed the previously existing limits on auditor liability and compelled an agreement between the company and the auditor. As well...

Governments in the EU frequently bail out firms in distress by granting state aid. I use data from 86 cases during the years 1995-2003 to examine two issues: the effectiveness of bailouts in preventing bankruptcy and the determinants of bailout policy. The results are threefold. First, the...

Paper provides analysis of Russian technical regulation reform. Several questions of reform realization, which on our opinion, are of the primary importance, are taken within the focus of research. These are: national standards of old system (GOSTs) and international standards, involvement in...