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Tadesse, Solomon; Kwok, Chuck - William Davidson Institute, University of Michigan - 2005

Countries differ in the way their financial activities are organized. In Anglo-Saxon countries such as the U.S. and the U.K., financial systems are dominated by stock markets whereas in Continental Europe and Japan, banks play a predominant role. Why do countries differ in the configuration of...

Persistent link: https://www.econbiz.de/10005677716

THE EFFECTS OF NETWORK’S STRUCTURAL HOLES: POLYCENTRIC INSTITUTIONS, PRODUCT PORTFOLIO, AND NEW VENTURE GROWTH IN CHINA AND RUSSIA

Batjargal, Bat - William Davidson Institute, University of Michigan - 2012

This study examines the effect of network’s structural holes, i.e., the absence of a link between two contacts who are both linked to an actor, on product development and profit growth of software ventures in two different institutional contexts of China and Russia. Using interview data of 159...

Persistent link: https://www.econbiz.de/10010552176

Consolidation, Scale Economics and Technological Change in Japanese Banking

Tadesse, Solomon - William Davidson Institute, University of Michigan - 2005

The paper examines the technological structure of the Japanese banking sector before the onset of the banking crisis and structural reforms of the 90s in order to shade light on the logic of the recent trend to consolidation in the industry. While diseconomies of scale are shown to be pervasive...

Persistent link: https://www.econbiz.de/10005784641

Direct and Indirect Effects of FDI in Emerging European Markets: A Survey and Meta-analysis

Hanousek, Jan; Kocenda, Evzen; Maurel, Mathilde - William Davidson Institute, University of Michigan - 2010

We review a large body of literature dealing with the effects of Foreign Direct Investment (FDI) on economies during their transformation from a command economic system toward a market system. We report the results of a meta-analysis based on the literature on externalities from FDI. The studies...

Persistent link: https://www.econbiz.de/10008529033

Consolidation, Scale Economies and Technological Change in Japanese Banking

Tadesse, Solomon - William Davidson Institute, University of Michigan - 2005

Persistent link: https://www.econbiz.de/10005652581

Do Schumpeterian Waves of Creative Destruction Lead to Higher Productivity? Panel Data Evidence from Poland

Warzynski, Frederic - William Davidson Institute, University of Michigan - 2002

We look at the determinants and consequences of job reallocation in the 22 2-digit sectors of the manufacturing industry in Poland over the period 1993-1997. Import competition and competitve market structure (weak concentration) are found to lead to more reallocation. Moreover, more...

Persistent link: https://www.econbiz.de/10005652681

Financial Institutions and The Wealth of Nations: Tales of Development

Tong, Jian; Xu, Chenggang - William Davidson Institute, University of Michigan - 2004

Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the evolution of the financing regimes. The e?ectiveness...

Persistent link: https://www.econbiz.de/10005677512

Determinants of Financial Distress: What Drives Bankruptcy in a Transition Economy? The Czech Republic Case

Lízal, Lubomír - William Davidson Institute, University of Michigan - 2002

does not receive support in the ownership but the indicator of voucher privatization supports it. The initial conditions … from early 90's were not the driving the financial distress. The voucher-scheme privatization results in poorer corporate …

Persistent link: https://www.econbiz.de/10005784676

Central Bank Interventions, Communication & Interest Rate Policy in Emerging European Economies

Égert, Balázs - William Davidson Institute, University of Michigan - 2006

when they ease appreciation pressures. Central bank communication and interest rate steps considerably enhance their …

Persistent link: https://www.econbiz.de/10005677521

The Life Cycle of Government Ownership

Che, Jiahua - William Davidson Institute, University of Michigan - 2003

markets grow mature, giving rise to the need for privatization. Buyers' limited wealth imposes a constraint on how and when … privatization takes place. In particular, ¯rms may be underpriced during privatization, and privatization may take place at a sub … privatization may alleviate the constraint in some cases but exacerbates the e±ciency loss in others. When the government is lesser …

Persistent link: https://www.econbiz.de/10005784601