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Divide and Privatize : Firm Break-Up and Performance

Kočenda, Evžen - 2011

We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996–2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...

Persistent link: https://www.econbiz.de/10013124394

Stock Market Integration between Three CEECs, Russia and the UK

Caporale, Guglielmo Maria - 2013

This paper estimates a tri-variate VAR-GARCH(1,1)-in-mean model to examine linkages between the stock markets of three Central and Eastern European countries (CEECs), specifically the Czech Republic, Hungary, and Poland, and both the UK and Russia. The adopted framework allows to analyse...

Persistent link: https://www.econbiz.de/10013095004

State Ownership and Control in the Czech Republic

Kočenda, Evžen - 2009

We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade (1995–2005) in the Czech Republic. During this period the integrated control potential of the state resembled a corporate pyramid. While pyramidal control was not fully...

Persistent link: https://www.econbiz.de/10013155937

Social Polarization and Partisan Voting in Representative Democracies

Duell, Dominik - 2018

While scholars and pundits alike have expressed concern regarding increasing social polarization based on partisan identity, there has been little analysis of how social polarization impacts voting. In this paper, we incorporate social identity into a principal-agent model of political...

Persistent link: https://www.econbiz.de/10012915567

A Lipsetian Theory of Democratization : Development, Education, Inequality, and Resources

Boucekkine, Raouf - 2017

The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that of education, inequality, and (natural) resources. We highlight two contrasting effects of education and human capital accumulation. On the one side, education prompts economic...

Persistent link: https://www.econbiz.de/10012963389

A Banana Republic? Trust in Electoral Institutions in Western Democracies - Evidence from a Presidential Election in Austria

Potrafke, Niklas - 2017

We examine the extent to which political scandals influence trust in electoral institutions in established Western democracies. The second ballot of the 2016 Presidential election in Austria needed to be repeated because of inconsistencies in individual electoral districts (scandal districts)....

Persistent link: https://www.econbiz.de/10012964379

Aleatoric Democracy

Frey, Bruno S. - 2017

Democracy usually is identified by the right to vote. However, in recent times voting procedures have been criticized … process. We suggest invigorating an old but nearly forgotten procedure to overcome this deficit: Aleatoric Democracy based on … considered. Persons and ideas, being so far disregarded, are taken into account. Democracy becomes vivid and creative, and does …

Persistent link: https://www.econbiz.de/10012964771

Democracy and International Conflict

Vesperoni, Alberto - 2016

During the past two centuries, western nations have successively extended the voting franchise to citizens of lower income. We explain this process of democratization as a rational way for incumbent elites to wage war effectively on other nations, as in a strategic game of international conflict...

Persistent link: https://www.econbiz.de/10012992613

Information Aggregation in Democratic Mechanisms

Britz, Volker - 2016

involving a sample group. These mechanisms reflect the principles of liberal democracy, are procedurally efficient, and involve …

Persistent link: https://www.econbiz.de/10012994342

Après Nous Le Déluge? Direct Democracy and Intergenerational Conflicts in Ageing Societies

Ahlfeldt, Gabriel M. - 2016

To assess the likely effects of population ageing on the outcomes of direct democracy, we analyze the effect of age on …

Persistent link: https://www.econbiz.de/10012996260