Showing 1 - 10 of 802
The role of government shareholding in corporate performance is central to an understanding of China's newly privatized …
Persistent link: https://www.econbiz.de/10002603937
In this paper we present and test a theory of how political corruption, found in many transition and emerging market economies, affects corporate governance and productive efficiency of firms. Our model predicts that underdeveloped democratic institutions that do not punish political corruption...
Persistent link: https://www.econbiz.de/10010381906
In 2002, an amendment to UK parliamentary regulations removed restrictions on the participation of members of parliament (MPs) in parliamentary proceedings related to their corporate interests. Using this amendment as a quasi-natural experiment, we demonstrate gains in firm value and...
Persistent link: https://www.econbiz.de/10012239525
government control in PP and FP firms. Exploiting China's 2005 NTS reform as a natural experiment, we find that treated PP firms … the post-reform period. These findings challenge the effectiveness of China's authoritarian approach to private sector …
Persistent link: https://www.econbiz.de/10015420882
an optimal response of the winner's prize to the size of the contestant pool is more evident for China's listed firms … to decide on the tournament winner). Using comprehensive financial and accounting data on China's listed firms from 1998 … effort and hence improved firm performance, and that the performance effect of the winner's prize is greater for China …
Persistent link: https://www.econbiz.de/10003759900
China is a central concern for the government and society. In this paper, we apply agglomeration theories to distinguish the … linkages between SOEs and POEs. Using China's 2008 economic census, the 2007 Input-Output Table, and the 2005 population mini …
Persistent link: https://www.econbiz.de/10014310232
We see industrialization in China the last 150 years as an ongoing process through which firms acquired and deepened … seriously limit benefits. For a latecomer like China, modern industry initially finds its most success in more labor …-intensive products and processes. China's experience shows that government can both support and obstruct this process. Our review of long …
Persistent link: https://www.econbiz.de/10011517939
This paper studies the turnover of board of directors members in a sample of 72 companies listed on the Milan Stock Exchange during the period 1988-1996. We investigate whether board members change more frequently when company performance is poor, as the literature suggests, and whether and how...
Persistent link: https://www.econbiz.de/10011318600
Mortality differences between university, non-teaching public and for-profit hospitals are investigated using a French exhaustive administrative dataset on patients admitted for heart attack. Our results show that innovative procedures play a key role in explaining the effect of ownership status...
Persistent link: https://www.econbiz.de/10009680311
During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...
Persistent link: https://www.econbiz.de/10003299971