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The role of government shareholding in corporate performance is central to an understanding of China?s newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10010262209
This paper studies the turnover of board of directors members in a sample of 72 companies listed on the Milan Stock Exchange during the period 1988-1996. We investigate whether board members change more frequently when company performance is poor, as the literature suggests, and whether and how...
Persistent link: https://www.econbiz.de/10010276137
and operate on international markets) on the productivity dynamics of enterprises. Using a unique balanced panel of 681 … show that exposure to deep reform have lead to higher productivity realisations while remaining under state ownership. …
Persistent link: https://www.econbiz.de/10010261956
, and (iii) productivity and growth, relative to the contributions of the entrepreneurs' counterparts, i.e. the 'control … is the contribution of entrepreneurs to the economy in comparison to non-entrepreneurs? We study the relative … contribution of entrepreneurs to the economy based on four measures that have most widely been studied empirically. Hence, we …
Persistent link: https://www.econbiz.de/10010277005
-2010, we show that a higher share of politically connected supervisory board members leads to lower productivity. …
Persistent link: https://www.econbiz.de/10010398242
-2010, we show that a higher share of politically connected supervisory board members leads to lower productivity. …
Persistent link: https://www.econbiz.de/10010884312
values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … contributions to welfare for a set of European OECD countries (Belgium, France, Great Britain, Italy, Spain), using industry …
Persistent link: https://www.econbiz.de/10010269431
productivity, exploiting an exogenous variation in the institutional environment regulating collective bargaining. We find that the … introduction of collective performance related pay significantly increases productivity by around 3-5 per cent, but such effect … type of parameters used - is also relevant for firm productivity. …
Persistent link: https://www.econbiz.de/10010282249
overall productivity-enhancing effect. The reform of fixed-term contracts instead did not produce the intended results: it … productivity losses. We estimate substitution elasticities across various types of temporary contracts that are consistent with …
Persistent link: https://www.econbiz.de/10010282384
The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10010283965