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Complex Ownership Structures and Corporate Valuations

Laeven, Luc - 2007

The bulk of corporate governance theory examines the agency problems that arise from two extreme ownership structures …

Persistent link: https://www.econbiz.de/10014401077

Do Tax Rates Encourage Entrepreneurial Activity?

Gordon, Roger H. - 1997

When the top personal tax rates are above the corporate rate, high-income individuals have an incentive to reclassify their earnings as corporate rather than personal income for tax purposes. U.S. tax law at least imposes strict limits on the extent to which employees in publicly traded...

Persistent link: https://www.econbiz.de/10014400644

Externalities. Incentives, and Economic Reforms

International Monetary Fund - 1990

The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple … effective institutions exist for overcoming coordination failure. External financing may weaken incentives for adjustment over … that strengthen incentives to provide effort. Uncertainty regarding future taxes reduces present effort and the …

Persistent link: https://www.econbiz.de/10014396155

Debt Relief and Adjustment Incentives : A Theoretical Exploration

International Monetary Fund - 1988

The purpose of this paper is to analyze the argument that debt relief would increase the incentive of a debtor country to make an adjustment effort (to invest) and that for this reason creditors may benefit by granting relief. It is shown that there are actually opposing incentive effects of...

Persistent link: https://www.econbiz.de/10014396170

An Incentive Approach to Identifying Financial System Vulnerabilities

Chai, Jingqing - 2000

This paper underscores the importance of the assessment of incentives of the main agents in a financial system as a key … diagnostic approach for the assessment of incentives. This approach highlights the need for additional research on the …

Persistent link: https://www.econbiz.de/10014400245

Bank Ownership, Market Structure and Risk

De Nicoló, Gianni - 2007

This paper presents a model of a banking industry with heterogeneous banks that delivers predictions on the relationship between banks'' risk of failure, market structure, bank ownership, and banks'' screening and bankruptcy costs. These predictions are explored empirically using a panel of...

Persistent link: https://www.econbiz.de/10014400121

Institutional Inertia

Valderrama, Laura - 2009

We study the relative efficiency of outside-owned versus employee-owned firms and analyze implications for institutional change in a context of technological innovation. When decisions are made through majority voting, the vote on technology choice is used to influence the later vote on the...