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CEO turnover, firm performance and enterprise reform in China : evidence from new micro data

Kato, Takao (contributor); Long, Cheryl (contributor) - 2006

Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on CEO turnover, ownership structure and board characteristics, we estimate Logit models of CEO turnover. We find consistently for all performance measures including both stock...

Persistent link: https://www.econbiz.de/10003253453

Precious metal prices : a tale of four U.S. recessions

Agnese, Pablo; Garcia-del-Barrio, Pedro; Gil-Alaña, Luis A. - 2023

This paper empirically examines the degree of persistence in four precious metal prices (i.e., gold, palladium, platinum, and silver) during the last four U.S. recessions. Unit root tests and fractional integration techniques suggest that gold still is the most prominent safe haven asset within...

Persistent link: https://www.econbiz.de/10014246740

Predictability of asset returns and the efficient market hypothesis

Pesaran, M. Hashem - 2010

This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...

Persistent link: https://www.econbiz.de/10003985756

Want freedom, will travel : emigrant self-selection according to institutional quality

Naghsh Nejad, Maryam; Young, Andrew T. - 2015

We investigate emigrant self-selection according to institutional quality using up to 3,566 observations on bilateral migration flows from 77 countries over the 1990-2000 period. We relate these flows to differences in political and economic institutions. We improve and expand upon previous...

Persistent link: https://www.econbiz.de/10011317631

Democracy, dictatorship and the cultural transmission of political values

Ticchi, Davide; Verdier, Thierry; Vindigni, Andrea - 2013

individual commitment across citizens to defend democracy against a potential military coup, and it is an endogenous state … and the state. Parents invest resources in order to transmit their own political values (commitment to democracy) to their … between political regimes and political culture diffusion. Consolidated democracy emerges when sufficiently many people are …

Persistent link: https://www.econbiz.de/10009755330

The political U : new evidence on democracy and income

Campos, Nauro; Coricelli, Fabrizio; Frigerio, Marco - 2022

This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960 … support. These findings are robust to, among others, using night-lights instead of GDP, different democracy measures and …

Persistent link: https://www.econbiz.de/10013412764

Investor protection and the value of shares : evidence from statutory rules governing variations of shareholders’ class rights in Russia

Muravyev, Alexander - 2009

This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...

Persistent link: https://www.econbiz.de/10003932236

Executive compensation, firm performance, and corporate governance in China : evidence from firms listed in the Shanghai and Shenzhen stock exchanges

Kato, Takao (contributor); Long, Cheryl (contributor) - 2005

This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive compensation and ownership structure, we find for...

Persistent link: https://www.econbiz.de/10003225948

Executive compensation, firm performance, and chaebols in Korea : evidence from new panel data

Kato, Takao (contributor); Kim, U-chʾan (contributor); … - 2005

This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...

Persistent link: https://www.econbiz.de/10003225965

Wealth shocks and health outcomes : evidence from stock market fluctuations

Schwandt, Hannes - 2014

Do wealth shocks affect the health of the elderly in developed countries? The economic literature is skeptical about such effects which have so far only been found for poor retirees in poor countries. In this paper I show that wealth shocks also matter for the health of wealthy retirees in the...

Persistent link: https://www.econbiz.de/10010380034

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