Showing 1 - 10 of 621
This document examines foreign direct investment (FDI) when multinationals and labour unions bargain over labour contracts and lobby the self-interested government for taxation and labour market regulation. We demonstrate that right-to-manage bargaining predicts higher returns for FDI than does...
Persistent link: https://www.econbiz.de/10010261532
Although the theoretical literature often uses lobbying and corruption synonymously, the empirical literature … associates lobbying with the preferred mean for exerting influence in developed countries and corruption with the preferred one … between bribing and lobbying. We test our predictions using survey data for about 6000 firms in 26 countries. Our results …
Persistent link: https://www.econbiz.de/10010268635
We study the interaction between competitive markets that produce large but unequally distributed welfare gains and elections through which the poor majority can redistribute income away from the rich minority. In our simple laboratory democracy, subjects first earn their income by trading in a...
Persistent link: https://www.econbiz.de/10010269668
This empirical paper documents the relationship between composition of a firm's workforce (with a special focus on age and gender) and its performance (productivity and profitability) for a large representative sample of enterprises from manufacturing industries in Germany. We use unique newly...
Persistent link: https://www.econbiz.de/10010282402
This paper examines whether the introduction of corporate governance (CG) reforms in general and that of transparency and disclosure (T&D) rules in particular can necessarily boost firm performance. Existing literature suggests that CG reforms can boost performance because it can resolve the...
Persistent link: https://www.econbiz.de/10010282468
comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive …This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …
Persistent link: https://www.econbiz.de/10010267302
Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data … consistently for all performance measures including both stock return and various accounting measures that: (i) overall, CEO … listing suspension mechanism, i.e., the ST designation, adopted by China's securities regulatory agency appears to be …
Persistent link: https://www.econbiz.de/10010274393
China is perceived to rely on subsidizing firms in targeted industries to improve their performance and stay …
Persistent link: https://www.econbiz.de/10013351788
Using comprehensive financial and accounting data on China’s listed firms from 1998 to 2002, augmented by unique data … consistently for all performance measures including both stock return and various accounting measures that: (i) overall, CEO … listing suspension mechanism, i.e., the ST designation, adopted by China’s securities regulatory agency appears to be …
Persistent link: https://www.econbiz.de/10005566546
comprehensive financial and accounting data on China’s listed firms from 1998 to 2002, augmented by unique data on executive …This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …
Persistent link: https://www.econbiz.de/10005566733