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Investor Protection and the Value of Shares : Evidence from Statutory Rules Governing Variations of Shareholders' Class Rights in Russia
Muravyev, Alexander - 2010
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/10013149514
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U.S. Immigration Reform and the Dynamics of Mexican Migration
Altangerel, Khulan - 2017
The 1986 US Immigration Reform and Control Act (IRCA) was directed at tackling the problem of growing unauthorized migration through legalization of unauthorized immigrants, increasing border security and sanctioning employers who hired unauthorized immigrants. Our paper investigates how the...
Persistent link: https://www.econbiz.de/10012956009
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The Price of Warm Glow
Lilley, Andrew - 2013
allocation decisions. We define a measure of the price of impure altruism as the additional proportion of income sacrificed by a …
Persistent link: https://www.econbiz.de/10013080136
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Lumpy Price Adjustments : A Microeconometric Analysis
Dhyne, Emmanuel; Fuss, Catherine; Pesaran, M. Hashem; … - 2021
the degree of price rigidity that is inherent to the price setting mechanism (intrinsic) and that which is due to the … price's driving variables (extrinsic). Using two data sets consisting of a large fraction of the price quotes used to … compute the Belgian and French CPI, we are able to assess the role of intrinsic and extrinsic price stickiness in explaining …
Persistent link: https://www.econbiz.de/10013317064
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Foreign Acquisitions, Domestic Multinationals, and R&D
Bandick, Roger - 2010
manufacturing sector and different micro-econometric estimation strategies in order to control for the potential endogeneity of the …
Persistent link: https://www.econbiz.de/10013136703
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Foreign Acquisition, Plant Survival, and Employment Growth
Bandick, Roger - 2009
non-MNEs, and purely domestic firms before foreign takeover. The results, controlling for possible endogeneity of the … horizontal or vertical. We also find robust positive employment growth effects only for exporters, and only if the takeover is …
Persistent link: https://www.econbiz.de/10013158617
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Precious Metal Prices : A Tale of Four U.S. Recessions
Agnese, Pablo; Garcia-del-Barrio, Pedro; Gil-Alana, 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/10014351417
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Sensitivity of Matching-Based Program Evaluations to the Availability of Control Variables
Lechner, Michael - 2011
the question whether the omission of important control variables in matching estimation leads to biased impact estimates …
Persistent link: https://www.econbiz.de/10013128839
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Alcohol and Student Performance : Estimating the Effect of Legal Access
Lindo, Jason M. - 2011
We consider the effect of legal access to alcohol, which is known to increase drinking behavior, on academic performance. We first estimate the effect using an RD design but argue that this approach is not well-suited to the research question in our setting. Our preferred approach instead...
Persistent link: https://www.econbiz.de/10013129096
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Dynamic Evaluation of Job Search Assistance
Kastoryano, Stephen - 2011
This paper evaluates a job search assistance program for unemployment insurance recipients. The assignment to the program is dynamic. We provide a discussion on dynamic treatment effects and identification conditions. In the empirical analyses we use administrative data from a unique...
Persistent link: https://www.econbiz.de/10013131416