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The Politics of Institutional Renovation and Economic Upgrading: Lessons from the Argentine Wine Industry

Dermott, Gerald Mc - William Davidson Institute, University of Michigan - 2005

different political approaches to reform shape the ability of societies to build new institutions for economic upgrading. The …-private institutions via adherence to two key principles: a) inclusion of a wide variety of relevant stakeholder groups and b) rules of …

Persistent link: https://www.econbiz.de/10005677722

Dollarization of Liabilities in Non-tradable Goods Sector

Chabellard, Frederic - William Davidson Institute, University of Michigan - 2001

This paper questions the motivation of dollar indebtedness by firms of the non-tradable good sectors in a period of exchange rate pressure. Given the structure of banks' indebtedness and protection of banks' foreign lenders, a dollar denominated loan may allow firms to insure (partially) against...

Persistent link: https://www.econbiz.de/10005784648

Decentralized Financing, Centralized Financing and the Dual Track System: Toward a New Theory of Soft Budget Constraints

Che, Jiahua - William Davidson Institute, University of Michigan - 2000

I put forward a new theoretical framework to analyze the relationship between soft budget constraint syndrome and the economic performances of firms. It differs from the existing theoretical framework, à la Dewatripont and Maskin (1995), in the soft budget constraint literature. In this paper,...

Persistent link: https://www.econbiz.de/10005784757

Nominal-Real Tradeoffs and the Effects of Monetary Policy: the Romanian Experience

Popa, Christian - William Davidson Institute, University of Michigan - 1998

Due to the persistence of relatively soft budget constraints and poor government credibility, the survival strategy of Romanian state-sector firms means eschewing profit maximization in the short run in favor of insider utility maximization. This takes the form of attempts at both reducing...

Persistent link: https://www.econbiz.de/10005652531

Competition and Enterprise Performance in Transition Economies: Evidence from a Cross-country Survey

Carlin, Wendy; Fries, Steven; Schaffer, Mark; … - William Davidson Institute, University of Michigan - 2001

This paper uses a survey of 3,300 firms in 25 transition countries to shed light on the factors that influence restructuring by firms and their subsequent performance as measured by growth in sales and in sales per employee over a three-year period. We begin by surveying what a decade of...

Persistent link: https://www.econbiz.de/10005677645

INSTITUTIONAL POLYCENTRISM, ENTREPRENEURS’ SOCIAL NETWORKS, AND NEW VENTURE GROWTH

Batjargal, Bat - William Davidson Institute, University of Michigan - 2013

What is the interrelationship among formal institutions, social networks, and new venture growth? Drawing on the theory … four different countries. We find the confluence of weak and inefficient formal institutions to be associated with a larger … institutional order (i.e., weaker and more inefficient institutions). The contributions and implications of these findings are …

Persistent link: https://www.econbiz.de/10011161390

THE DEVELOPMENT EFFECTS OF NATURAL RESOURCES: A GEOGRAPHICAL DIMENSION

Carmignani, Fabrizio; Chowdhury, Abdur - William Davidson Institute, University of Michigan - 2011

Despite the recent growth resurgence, Sub-Saharan Africa (SSA) remains the poorest region in the world. At the same time, it is a region that heavily relies on natural resources. In this paper we investigate the extent to which the second fact helps explain the first one. The distinctive feature...

Persistent link: https://www.econbiz.de/10010545922

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

context compared to the Chinese institutional context due to the polycentricity of institutions. The research implications of …

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

Privatization and State Capacity in Postcommunist Society

King, Lawrence; Hamm, Patrick - William Davidson Institute, University of Michigan - 2005

back on the enterprise sector, as the state can no longer support the institutions necessary for the effective functioning …

Persistent link: https://www.econbiz.de/10005784627

Determinants of Employment Growth at MNEs: Evidence from Egypt, India, South Africa and Vietnam

Bhaumik, Sumon Kumar; Meyer, Klaus; Estrin, Saul - William Davidson Institute, University of Michigan - 2004

Foreign investors are expected to contribute to economic development through a variety of channels. However, many foreign investment operations are small, and almost insignificant in their impact on the local environment. An important indication of the potential contribution of foreign investors...

Persistent link: https://www.econbiz.de/10005784688