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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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Investor Protection and the Value of Shares: Evidence from Statutory Rules Governing Variations of Shareholders' Class Rights in Russia
Muravyev, Alexander - Institute for the Study of Labor (IZA) - 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/10008497016
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The Determinants of Foreign Direct Investment Flows to the Federal Region of Kurdistan
Heshmati, Almas; Davis, Rhona - Institute for the Study of Labor (IZA) - 2007
The flow of foreign direct investment (FDI) has increased dramatically in the last two decades. However, the distribution of FDI is highly unequal and the competition among countries to attract foreign investors is fierce. This report investigates the determinants of FDI inflows to developing...
Persistent link: https://www.econbiz.de/10005762073
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Banks and innovation: microeconometric evidence on Italian firms
Benfratello, Luigi; Schiantarelli, Fabio; Sembenelli, … - 2006
In this paper we investigate the effect of local banking development on firms' innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects the probability of process innovation, particularly...
Persistent link: https://www.econbiz.de/10010267494
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Banks and Innovation: Microeconometric Evidence on Italian Firms
Benfratello, Luigi; Schiantarelli, Fabio; Sembenelli, … - Institute for the Study of Labor (IZA) - 2006
In this paper we investigate the effect of local banking development on firms’ innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990’s. There is evidence that banking development affects the probability of process innovation,...
Persistent link: https://www.econbiz.de/10005822124
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Female Political Representation and Violence against Women: Evidence from Brazil
Delaporte, Magdalena; Pino, Francisco J. - 2022
This paper studies the effect of female political representation on violence against women. Using a Regression Discontinuity design for close mayoral elections between female and male candidates in Brazil, we find that electing female mayors leads to a reduction in episodes of gender violence....
Persistent link: https://www.econbiz.de/10013351904
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Religion and Growth
Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2023
We use the elements of a macroeconomic production function—physical capital, human capital, labor, and technology—together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that religion can enhance or impinge upon economic...
Persistent link: https://www.econbiz.de/10014469638
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Reform redux: measurement, determinants and reversals
Campos, Nauro F.; Horváth, Roman - 2006
We construct objective measures of privatization, internal and external liberalization reform efforts, across countries … external liberalization and privatization, concentration of political power drives internal liberalization, and democracy … underpins all three. We find that FDI inflows reduce the probability of privatization reversals, labour strikes increase that of …
Persistent link: https://www.econbiz.de/10010267675
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On the reversibility of structural reforms
Campos, Nauro F.; Horváth, Roman - 2012
evidence showing that (a) FDI inflows reduce the likelihood of privatization reversals, (b) worsened terms of trade increase …
Persistent link: https://www.econbiz.de/10010282178
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On the Reversibility of Structural Reforms
Campos, Nauro F; Horváth, Roman - Institute for the Study of Labor (IZA) - 2012
evidence showing that (a) FDI inflows reduce the likelihood of privatization reversals, (b) worsened terms of trade increase …
Persistent link: https://www.econbiz.de/10011279308