Showing 1 - 10 of 1,507
This paper develops the building blocks for a legal theory of finance. LTF holds that financial markets are legally … constructed and as such occupy an essentially hybrid place between state and market, public and private. At the same time … self-destruction of the financial system. This law-finance paradox tends to be resolved by suspending the full force of law …
Persistent link: https://www.econbiz.de/10011084310
reports of countries based on the latters’ strategic value. We use the difference between the U.S. State Department’s and …., we compare this bias between U.S. Cold War (CW) allies to non-CW allies, before and after the CW ended. The results show … Amnesty International’s reports as a measure of U.S. "bias". For plausibly exogenous variation in strategic value to the U.S …
Persistent link: https://www.econbiz.de/10005789167
distribution. Entrepreneurs strongly affect firm growth patterns of both very young firms and for firms that have begun to mature …
Persistent link: https://www.econbiz.de/10011083991
Depending on the definition of the tax base, the statutory corporate tax rate implies rather different measures of effective average and marginal tax rates. This paper develops a model of a monopolistically competitive industry with extensive and intensive business investment and shows how these...
Persistent link: https://www.econbiz.de/10005788989
This paper studies the extensive and intensive margins of firms' global sourcing decisions. We develop a quantifiable multi-country sourcing model in which heterogeneous firms self-select into importing based on their productivity and country-specific variables. The model delivers a simple...
Persistent link: https://www.econbiz.de/10011145398
How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … not in laggard industries. To explain this pattern, we introduce entry into a Schumpeterian growth model with multiple … rich micro-level productivity growth and patent panel data for the UK, and controlling for the endogeneity of entry by …
Persistent link: https://www.econbiz.de/10005114280
is the possible result of a conflict between multinational firms and local or national governments. The Paper compares …
Persistent link: https://www.econbiz.de/10005791900
We augment efficiency-based theories of ownership by including influence costs. Our principal conclusion is that the …
Persistent link: https://www.econbiz.de/10005114369
The Paper takes a first look at the host and home country effects of German foreign direct investment (FDI) in Eastern Europe based on new survey data of 1050 investment projects in Eastern Europe by 420 German multinationals during the 1990s. We find that German investors transfer a substantial...
Persistent link: https://www.econbiz.de/10005666929
specifically targeted at attracting migrants, i.e., citizenship acquisition, land distribution, and public education policies. We …
Persistent link: https://www.econbiz.de/10005124196