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Inheritance Law and Investment in Family Firms
Ellul, Andrew - 2014
Entrepreneurs may be legally bound to bequeath a minimal stake to non-controlling heirs. The size of this stake can reduce investment in family firms, by reducing the future income they can pledge to external financiers. Using a purpose-built indicator of the permissiveness of inheritance law...
Persistent link: https://www.econbiz.de/10012708542
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The Public Management of Risk : Separating Ex Ante and Ex Post Monitors
Hiriart, Yolande - 2010
When a firm undertakes risky activities, the conflict between social and private incentives to implement safety care requires public intervention which can take the form of both monetary incentives but also ex ante or ex post monitoring, i.e., before or after an accident occurs. We delineate the...
Persistent link: https://www.econbiz.de/10013135482
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The Effect of Allowance Allocations on Cap-and-Trade System Performance
Hahn, Robert W. - 2010
can establish the overall pollution-reduction goal for a cap-and-trade system by setting the cap, and leave it up to the …
Persistent link: https://www.econbiz.de/10013140027
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Who Should Bear the Cost of China’s Carbon Emissions Embodied in Goods for Exports?
Zhang, ZhongXiang - 2013
has given rise to unprecedented environmental pollution and CO2 emissions. While estimates of the embedded CO2 emissions …
Persistent link: https://www.econbiz.de/10013092142
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Consumption and Precautionary Saving : An Empirical Analysis Under Both Financial and Environmental Risks
Baiardi, Donatella - 2014
This paper studies the empirical relationship between consumption and saving under two different sources of uncertainty: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the period 1965-2007. The results support the...
Persistent link: https://www.econbiz.de/10013067496
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Economic Growth and the Environment with Clean and Dirty Consumption
Orecchia, Carlo - 2014
is that the EKC is examined in the presence of pollution as a by product of consumption activities; also, pollution is a … environment, consumers do not consider directly pollution in the maximization problem and are assumed to choose between two … that substitution of dirty consumption with clean consumption alone is not sufficient to reduce environmental pollution …
Persistent link: https://www.econbiz.de/10013067514
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Emissions Trends and Labour Productivity Dynamics Sector Analyses of De-Coupling/Recoupling on a 1990-2005 Namea
Mazzanti, Massimiliano - 2009
delinking patterns across emissions. Trade expansion validates the pollution haven in some cases, but also show negative signs …
Persistent link: https://www.econbiz.de/10013157454
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Valuing Environmental Factors in Cost-Benefit Analysis Using Data Envelopment Analysis
Kuosmanen, Timo - 2007
Environmental cost-benefit analysis (ECBA) refers to social evaluation of investment projects and policies that involve significant environmental impacts. Valuation of the environmental impacts in monetary terms forms one of the critical steps in ECBA. We propose a new approach for environmental...
Persistent link: https://www.econbiz.de/10012731649
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Environment, Human Development and Economic Growth
Costantini, Valeria - 2006
Over the last few years, environmental issues have entered into policy design, particularly development and growth policies. Natural resources are considered necessary production inputs and environmental quality is considered a welfare determinant. The integration of environmental issues into...
Persistent link: https://www.econbiz.de/10012734166
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Trade in Environmental Goods : Empirical Exploration of Direct and Indirect Effects on Pollution by Country's Trade Status
Zugravu-Soilita, Natalia - 2017
recurrently found to face increased pollution (in particular CO2 emissions) due to direct scale-composition effects of trade in … EGs, the EGs' net exporters are more likely to see their local pollution to decrease, in particular thanks to income …
Persistent link: https://www.econbiz.de/10012941079