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The ability of voters to use the available electoral instruments is crucial for the functioning of democracies. The paper shows that voters consider the institutional environment when making electoral decisions. Voters recognize that executives who face binding term limits (i.e., "lame ducks")...
Persistent link: https://www.econbiz.de/10009240023
and management experience of board representatives across private and state-owned banks. Measures of boardroom competenceʺ … supervisory board (in-)competence in finance is related to losses in the financial crisis. Improved bank governance is therefore a …
Persistent link: https://www.econbiz.de/10003850179
We examine whether economic and military competence of political leaders affect their duration in office. We introduce … presence of a revolutionary threat, economic competence is negatively related to political survival, but that the effect is … moderated by the size of the winning coalition. As military and economic competence are negatively correlated, the opposite …
Persistent link: https://www.econbiz.de/10010204673
The costs of low-carbon energy fell dramatically over the past decade, leading to rapid growth in its deployment. However, many challenges remain to deploy low-carbon energy at a scale necessary to meet net zero carbon emission targets. We argue that developing complementary technologies and...
Persistent link: https://www.econbiz.de/10013337365
We present a heterogeneous-firm model in which management ability increases both pro- duction efficiency and product … quality. Combining six micro-datasets on management prac- tices, production and trade in Chinese and American firms, we find … inputs, and imported inputs from more advanced countries. The structural estimates indicate that management is important for …
Persistent link: https://www.econbiz.de/10011864551
Persistent link: https://www.econbiz.de/10003630541
How does "what managers know" affect firm performance on international markets? This question is of considerable importance in the international economic literature. Answering it will be key for comprehending the way firms’ varying performance on international markets is shaped by the human...
Persistent link: https://www.econbiz.de/10011867233
Persistent link: https://www.econbiz.de/10003641668
Persistent link: https://www.econbiz.de/10003641717
This paper examines the responses of private consumption, residential investment, and business investment in 11 EU countries, Japan, and the United States to shocks in housing and equity prices. The effects are assessed with a Structural Vector Auto Regressive (SVAR) model, and four key findings...
Persistent link: https://www.econbiz.de/10003730274