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factors: family ownership and source of the competitive pressure. A novel aspect of our paper is that we rely on two … predictions, sensitivity is higher in competitive sectors and the difference between family and non-family CEOs disappear when … competition is tough. Family CEOs are significantly less paid than non-family CEOs and their pay is significantly related to firm …
Persistent link: https://www.econbiz.de/10011280832
We study the GDPR's opt-in requirement in a model with a firm that provides a digital service and consumers who are heterogeneous in their valuations of the firm's service as well as the privacy costs incurred when sharing personal data with the firm. We show that the GDPR boosts demand for the...
Persistent link: https://www.econbiz.de/10014334058
This article introduces a novel database that measures governments' compliance with national constitutions. It combines information on de jure constitutional rules with data on their de facto implementation. The individual compliance indicators can be grouped into four categories that we...
Persistent link: https://www.econbiz.de/10013503406
A major characteristic of the European Union is its transitional or evolving nature, in particular with regard to the assignment of powers between the two main levels of government. More precisely, under current constitutional arrangements, this evolving nature takes the form of an integration...
Persistent link: https://www.econbiz.de/10011508094
influence, let alone contest, a national referendum on a new constitution because, if they didn't like the result, they would …-sourced constitution bill from 2009 to 2014, and also offers an explanation as to why the bill failed to be passed by Parliament …
Persistent link: https://www.econbiz.de/10010428807
Concentrated ownership of large listed companies is widespread throughout the world, and Germany is typical in this respect. This paper proposes a method of distinguishing empirically between the beneficial and harmful effects of ownership concentration, and applies it to German data. The...
Persistent link: https://www.econbiz.de/10009781688
This paper presents estimates from a latent variables model of the relation between corporate governance and financial performance. We use data on large US corporations to estimate the correlation, conditional on the firms' investment opportunity set, between governance and performance. We find...
Persistent link: https://www.econbiz.de/10010235838
constitutional bill are impossible to establish, an analysis of the Icelandic constitution-writing efforts as 'digital democracy …' reveals some important lessons. High-quality input into constitution-making processes through digital participation is …
Persistent link: https://www.econbiz.de/10011509253
's constitution. Using historical data dating back to the 19th century and applying a difference-in-difference approach we find that … instrumenting the probability of having budget rules on de jure constraints on changing the constitution. This and other tests …
Persistent link: https://www.econbiz.de/10011474674
This paper reviews aspects of the constitution making process in Iceland after the financial collapse of 2008 …, emphasizing the differences between the provisional constitution of 1944 when Iceland separated unilaterally from Nazi …-occupied Denmark and Denmark's 1849 constitution which served, with notable exceptions, as the prototype for Iceland’s 1944 …
Persistent link: https://www.econbiz.de/10011658015