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Investor protection and foreign stakeholders
Giofré, Maela - 2010
Different investor classes are endowed with different rights, and conflicting interests among them can make protections afforded to one party detrimental to another. Indeed, we find that investor protection laws have sizeable 'cross' effects on foreign portfolio investment and the direction of...
Persistent link: https://www.econbiz.de/10010270453
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Diversification and ownership concentration
Parigi, Bruno Maria; Pelizzon, Loriana - 2005
We consider a mean-variance general equilibrium economy where the expected returns for controlling and non-controlling shareholders are different because the former are able to divert a fraction of the profits. We find that when investor protection is poor, asset return correlation affects...
Persistent link: https://www.econbiz.de/10010261366
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Chinese Exchange Rate Policy : Lessons for Global Investors
Melvin, Michael - 2020
Chinese currency policy has had a strong impact on the value of investors' portfolios in recent years. On August 11, 2015, the People's Bank of China announced a new exchange rate policy where the RMB central parity rate against the USD would be determined each morning by the previous day's...
Persistent link: https://www.econbiz.de/10012825386
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Protecting Investors in Equity Crowdfunding: An Empirical Analysis of the Small Investor Protection Act
Goethner, Maximilian; Hornuf, Lars; Regner, Tobias - 2020
During the past decade, equity crowdfunding (ECF) has emerged as an alternative funding channel for startup firms. In Germany, the Small Investor Protection Act became binding in July 2015, with the legislative goal to protect investors engaging in this new asset class. Since then, investors...
Persistent link: https://www.econbiz.de/10012227691
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Privatisation and Institutions: A Cross Country Analysis
Bortolotti, Bernardo; Siniscalco, Domenico; Fantini, … - 2000
Privatisation, i.e. the transfer of ownership and control of state-owned enterprises, is a worldwide phenomenon. Which political, economic and institutional factors are shaping this process? This paper addresses the issue presenting new evidence from a sample of 49 countries. From an empirical...
Persistent link: https://www.econbiz.de/10010314853
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Parental Time Restrictions and the Cost of Children : Insights from a Survey Among Mothers
Borah, Melanie - 2019
In this paper, we provide estimates of the subjectively perceived cost of children depending on the extent of parental time restrictions. Building on a study by Koulovatianos et al. (2009) that introduces a novel way of using subjective income evaluation data for such estimations, we conduct a...
Persistent link: https://www.econbiz.de/10012892262
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Fertility Cost, Intergenerational Labor Division, and Female Employment
Yu, Haiyue - 2019
China has set to increase the minimum retirement age, to ease the pressure from pension expenditure and the falling labor supply caused by the aging population. However, policy debates have so far neglected the crucial fact that families in China largely rely on retired grandparents for...
Persistent link: https://www.econbiz.de/10012892279
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Unlocking New Methods to Estimate Country-Specific Trade Costs and Trade Elasticities
Freeman, Rebecca; Larch, Mario; Theodorakopoulos, Angelos; … - 2021
We propose new methods to identify the full impact of country-specific characteristics on bilateral trade flows within the framework of ‘the new quantitative trade model.’ We complement theory with a simple two-stage estimating procedure, and offer a proof of concept by quantifying the...
Persistent link: https://www.econbiz.de/10013312849
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Exporting Costs and Multi-Product Shipments
Gomtsyan, David; Tarasov, Alexander - 2021
mechanism considered in the paper is based on that multiproduct shipments allow splitting fixed costs per shipment across many … products and, therefore, reducing total shipment costs. As a result, more developed countries tend to have lower fixed costs …-product shipments in determining shipping costs …
Persistent link: https://www.econbiz.de/10013315049
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Fiscal Competition in Space and Time : An Endogenous-Growth Approach
Becker, Daniel Thomas; Rauscher, Michael - 2021
of immobile residents. Investment is costly: Quadratic installation and de-installation costs limit the mobility of … and effects of changes in installation costs are ambiguous …
Persistent link: https://www.econbiz.de/10013316964