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The Promises and Pitfalls of Robo-Advising

D'Acunto, Francesco - 2018

We study a robo-advising portfolio optimizer that constructs tailored strategies based on in- vestors' holdings and preferences. Adopters are similar to non-adopters in terms of demographics, but have more assets under management, trade more, and have higher risk-adjusted performance. The...

Persistent link: https://www.econbiz.de/10012921212

Globalization and the (Mis)Governance of Nations

Blouin, Arthur - 2013

We analyze whether or not the globalization of capital, ‘disciplines' governments and improves governance. We … demonstrate that globalization affects governance, by increasing a country's vulnerability to sudden capital flight. This … increased threat of capital flight can discipline governments and improve governance and welfare by placing countries in a …

Persistent link: https://www.econbiz.de/10013091699

Does Corruption Erode Trust in Government? Evidence from a Recent Surge of Local Scandals in Spain

Sole-Olle, Albert - 2014

We examine whether a corruption scandal in which the incumbent is implicated undermines trust in local government. We use a novel dataset containing information on local corruption scandals reported in Spain during the period 1999-2009, and data on the level of trust expressed in local...

Persistent link: https://www.econbiz.de/10013050416

Government Decentralization and International Government Performance

Goel, Rajeev K. - 2016

Adding to the literature on the effects of government decentralization, this paper uses a large sample of individual responses from more than a hundred countries about public's perceptions of government's performance along various dimensions to study the relative influences of different types of...

Persistent link: https://www.econbiz.de/10012984565

Ethnic Fractionalization, Governance and Loan Defaults in Africa

Andrianova, Svetlana - 2014

quality of governance) and the degree of market segmentation (depending on the level of ethnic fractionalization). The model …

Persistent link: https://www.econbiz.de/10013044553

Central Bank Boards Around the World : Why Does Membership Size Differ?

Berger, Helge - 2013

This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board's size. The empirical relevance of these factors is...

Persistent link: https://www.econbiz.de/10012754018

The Historical Roots of Corruption and Economic Development in Italy

Petrarca, Ilaria; Ricciuti, Roberto - 2021

We claim that a sequential mechanism linking history to development exists: first, history defines the quality of social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We test this hypothesis on a dataset of Italian provinces,...

Persistent link: https://www.econbiz.de/10013315791

Moral Hazard and the Composition of Transfers : Theory With an Application to Foreign Aid

Amegashie, J. Atsu; Ouattara, Bazoumana; Strobl, Eric - 2021

's moral hazard behavior (i.e., improvement in the level of governance) leads to a fall in the proportion of tied aid. We test …

Persistent link: https://www.econbiz.de/10013317036

Ethnic Fractionalization, Governance and Loan Defaults in Africa

Andrianova, Svetlana; Baltagi, Badi H.; Demetriades, Panicos - CESifo - 2014

quality of governance) and the degree of market segmentation (depending on the level of ethnic fractionalization). The model …

Persistent link: https://www.econbiz.de/10010948811

Economic Growth and Judicial Independence, a Dozen Years On: Cross-Country Evidence Using an Updated Set of Indicators

Voigt, Stefan; Gutmann, Jerg; Feld, Lars P. - CESifo - 2014

Over 10 years ago, Feld and Voigt (2003) introduced the first indicator for objectively meas-uring the actual independence of the judiciary and demonstrated its utility in a large cross-section of countries. The indicator has been widely used, but also criticized. This paper pre-sents more...

Persistent link: https://www.econbiz.de/10010948870