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CEO turnover, firm performance and enterprise reform in China: evidence from new micro data
Kato, Takao; Long, Cheryl - 2006
Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data … listing suspension mechanism, i.e., the ST designation, adopted by China's securities regulatory agency appears to be … literature on economic transition, our findings suggest that any fundamental improvement in China's corporate governance will …
Persistent link: https://www.econbiz.de/10010274393
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Repayment versus investment conditions and exclusivity in lending contracts
Bougheas, Spiros P.; Dasgupta, Indraneel; Morrissey, Oliver - 2009
Lenders condition future loans on some index of past performance. Typically, banks condition future loans on repayments of earlier obligations whilst international organizations (official lenders) condition future loans on the implementation of some policy action ('investment'). We build an...
Persistent link: https://www.econbiz.de/10010271893
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The effects of credit status on college attainment and college completion
Gicheva, Dora; Ionescu, Felicia; Simpson, Nicole B. - 2012
College students now use various forms of unsecured credit such as private student loans and credit cards to finance college. Access to these credit lines and the interest rates charged on these loans can vary significantly across credit scores. In this paper, we analyze if credit status, as...
Persistent link: https://www.econbiz.de/10010287620
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The impact of household capital income on income inequality: A factor decomposition analysis for Great Britain, Germany and the USA
Fräßdorf, Anna; Grabka, Markus M.; Schwarze, Johannes - 2008
This paper analyses the contribution of capital income to income inequality in a cross-national comparison. Using micro-data from the Cross-National Equivalent File (CNEF) for three prominent panel studies, namely the BHPS for Great Britain, the SOEP for West Germany, and the PSID for the USA, a...
Persistent link: https://www.econbiz.de/10010324272
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Accounting for imputed and capital income flows in income inequality analyses
Frick, Joachim R.; Grabka, Markus M. - 2009
Using representative and consistent microdata from the German Socio-Economic Panel Study (SOEP) from 1985-2007, we illustrate that capital income (CI = return on financial investments) and imputed rent (IR = return on investments in owner-occupied housing) have become increasingly important...
Persistent link: https://www.econbiz.de/10010324274
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Taxation and Migration by the Super-Rich
Advani, Arun; Burgherr, David; Summers, Andy - 2023
Using administrative data on the globally connected super-rich in the UK, we study the effect of a large tax reform on migration behaviour. Prior to 2017, offshore investment returns for 'non-doms' – individuals tax-resident in the UK but with connections to other countries – were untaxed....
Persistent link: https://www.econbiz.de/10014377335
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Accounting for Imputed and Capital Income Flows in Income Inequality Analyses
Frick, Joachim R.; Grabka, Markus M. - Institute for the Study of Labor (IZA) - 2009
Using representative and consistent microdata from the German Socio-Economic Panel Study (SOEP) from 1985-2007, we illustrate that capital income (CI = return on financial investments) and imputed rent (IR = return on investments in owner-occupied housing) have become increasingly important...
Persistent link: https://www.econbiz.de/10008558933
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The Impact of Household Capital Income on Income Inequality: A Factor Decomposition Analysis for Great Britain, Germany and the USA
Fräßdorf, Anna; Grabka, Markus M.; Schwarze, Johannes - Institute for the Study of Labor (IZA) - 2008
This paper analyses the contribution of capital income to income inequality in a cross-national comparison. Using micro-data from the Cross-National Equivalent File (CNEF) for three prominent panel studies, namely the BHPS for Great Britain, the SOEP for West Germany, and the PSID for the USA, a...
Persistent link: https://www.econbiz.de/10005762379
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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 - 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/10010269433
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Produce or speculate? Asset bubbles, occupational choice and efficiency
Cahuc, Pierre; Challe, Edouard - 2009
We study the macroeconomic effects of rational asset bubbles in an overlapping-generations economy where asset trading requires specialized intermediaries and where agents freely choose between working in the production or in the financial sector. Frictions in the market for deposits create...
Persistent link: https://www.econbiz.de/10010269510