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Regulation and firm value : curious case of transparency and disclosure laws in Russia
Banerjee, Suman; Masulis, Ronald W.; Pal, Sarmistha - 2016
We provide novel evidence on the effectiveness of mandated changes in Russian transparency and disclosure (henceforth T&D) rules in boosting shareholder welfare. We focus on the staggered implementation of these T&D reforms initiated in 2002 and implemented during 2003-07. Using difference in...
Persistent link: https://www.econbiz.de/10011457931
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Corporate disclosure, compliance and consequences : evidence from Russia
Banerjee, Suman; Estrin, Saul; Pal, Sarmistha - 2022
Does the introduction of corporate transparency and disclosure rules in emerging economies affect compliance, and therefore earnings quality and firm performance? We explore these questions for an important emerging economy, Russia, using a natural experiment, the 2002 introduction of Russian...
Persistent link: https://www.econbiz.de/10013163548
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Disclosure, trust and persuasion in insurance markets
De Meza, David E.; Irlenbusch, Bernd; Reyniers, Diane J. - 2010
more risk averse than the uninsured. Moreover, trusting buyers feel less pressured by sellers, and are more confident in …
Persistent link: https://www.econbiz.de/10008688915
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CEO pay disclosure and within-firm wage inequality
Maida, Agata; Pezone, Vincenzo - 2024
We analyze the effect of CEO pay disclosure on wage distribution by exploiting a 1998 reform requiring Italian publicly listed companies to disclose top executives' compensation. In firms where CEOs disclose high total compensation, the top 5 percent and 1 percent of the within-firm wage...
Persistent link: https://www.econbiz.de/10015050833
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The life satisfaction approach to environmental valuation
Frey, Bruno S.; Lüchinger, Simon; Stutzer, Alois - 2009
-market valuation ; cost-benefit analysis ; air pollution …
Persistent link: https://www.econbiz.de/10003903197
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Life expectancy and the environment
Mariani, Fabio; Pérez-Barahona, Agustín; Raffin, Natacha - 2009
We present an OLG model in which life expectancy and environmental quality dynamics are jointly determined. Agents may invest in environmental care, depending on how much they expect to live. In turn, environmental conditions affect life expectancy. As a result, our model produces a positive...
Persistent link: https://www.econbiz.de/10003918946
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Migration, openness and the global preconditions of "smart development"
Tausch, Arno; Heshmati, Almas - 2011
In this article, we present a first empirical reflection on 'smart development', its measurement, possible 'drivers' and 'bottlenecks'. We first provide cross-national data on how much ecological footprint is used in the nations of the world system to 'deliver' a given amount of democracy,...
Persistent link: https://www.econbiz.de/10009523002
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Green cities? : urbanization, trade and the environment
Borck, Rainald; Pflüger, Michael - 2015
This paper establishes a simple theoretical framework which comprises key forces that shape the structure and interrelation of cities to study the interdependencies between urban evolution and the environment. We focus on the potential of the unfettered market forces to economize on emissions. A...
Persistent link: https://www.econbiz.de/10011283185
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Why is pollution from US manufacturing declining? : the roles of trade, regulation, productivity, and preferences
Shapiro, Joseph S.; Walker, Reed - 2015
, environmental regulation, productivity, and consumer preferences have contributed to these reductions in pollution emissions. We … estimate the model's key parameters using administrative data on plant-level production and pollution decisions. We then … pollution changes. Finally, we compare the model-driven decomposition to a statistical decomposition. The model and data suggest …
Persistent link: https://www.econbiz.de/10010470886
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Do environmental regulations effect FDI decisions? : the pollution haven hypothesis revisited
Yoon, Haeyeon; Heshmati, Almas - 2017
In an attempt to verify the pollution haven hypothesis, this study investigates the impact of environmental regulations … the host country's environmental regulations. Since the pollution haven's effects indicate moving the polluting production … those countries. This supports the prevalence of the effects of pollution havens. However, before we separate the FDI into …
Persistent link: https://www.econbiz.de/10011704340