on a unique data set for a large number of Czech firms spanning the period 1996–2005. We employ a propensity score … found behind later improvements in the performance of firms …

of social insurance. Hence, firms should bear the full cost of specific investment, while workers should be paid only …

Business groups in emerging markets perform better than unaffiliated firms. One explanation is that business groups … where firms within the business group are connected to each other by a vertical production structure and an internal capital … also find that firms may prefer not to integrate …

firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that …

We show how temporary ownership by private equity firms affects industry structure, competition and welfare. Temporary … markets, private equity firms have stronger incentives than incumbents to invest in acquiring specialized restructuring skills …

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms …. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent … three hypotheses: 1) do bank influenced firms enjoy lower finance costs? [No]; 2) is bank influence a solution to control …

voting power indices, is proposed, and the different measures are compared using a sample of large listed German firms …

We show how temporary ownership by private equity firms affects industry structure, competition and welfare. Temporary … markets, private equity firms have stronger incentives than incumbents to invest in acquiring specialized restructuring skills. …