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Subprime crisis and board (in-)competence : private vs. public banks in Germany
Hau, Harald; Thum, Marcel - 2009
We examine evidence for a systematic underperformance of Germany's state-owned banks in the current financial crisis and study if the bank losses can be traced to the quality of bank governance. For this purpose, we examine the biographical background of 593 supervisory board members in the 29...
Persistent link: https://www.econbiz.de/10003850179
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Rhineland exit?
Bovenberg, Ary Lans (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003630541
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Politics-business interaction paths
Belloc, Marianna; Pagano, Ugo - 2009
. Bayesian model comparison suggests that the co-evolution approach turns out at least as influential as the competing theories … ; ownership concentration ; Bayesian model estimation ; Bayesian model comparison …
Persistent link: https://www.econbiz.de/10003923223
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The positive economics of labor market rigidities and investor protection
Fehn, Rainer; Meier, Carsten-Patrick - 2001
Persistent link: https://www.econbiz.de/10009763538
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Diversification and ownership concentration
Parigi, Bruno (contributor); Pelizzon, Loriana (contributor) - 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/10003203441
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Do civil and political repression really boost foreign direct investments?
Harms, Philipp; Ursprung, Heinrich W. - 2001
Multinational enterprises are often accused to have a preference for investing in countries in which the working populations' civil and political rights are largely disregarded. This paper presents an empirical investigation of the popular political repression boosts FDI hypothesis and arrives...
Persistent link: https://www.econbiz.de/10011397998
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Globalization, inequality, and redistribution : theory and evidence
Gozgor, Giray; Ranjan, Priya - 2015
This paper constructs a simple theoretical model to study the implications of globalization for inequality and … redistribution. It shows that when globalization increases inequality, a policymaker interested in maximizing the sum of welfares of … all agents increases redistribution. Empirically, the paper examines the effects of globalization on inequality and …
Persistent link: https://www.econbiz.de/10011343065
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Did globalization influence credit market deregulation?
Eppinger, Peter S.; Potrafke, Niklas - 2015
We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is … measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of … positive correlation between globalization and credit market deregulation. We account for reverse causality by using predicted …
Persistent link: https://www.econbiz.de/10010528971
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The rise of capitalism and the roots of Anti-American terrorism
Krieger, Tim; Meierieks, Daniel - 2014
This contribution examines the role of capitalism in anti-American terrorism. Using data for 149 countries between 1970 and 2007, this contribution, contrary to expectations from capitalist peace theory, does not find that Anti-American terrorism increases with external economic liberalization...
Persistent link: https://www.econbiz.de/10010375158
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The globalization paradox revisited
Schwerhoff, Gregor; Edenhofer, Ottmar - 2014
According to the Globalization Paradox, globalization limits the freedom of choice for national governments. Capital …. Fixed factor taxes have the potential to improve welfare by defusing the globalization trilemma through a reduction in the …
Persistent link: https://www.econbiz.de/10010375314