Narrow search
Showing 1 - 10 of 610
Cover Image
Wall Street's First Corporate Governance Crisis : The Panic of 1826
Hilt, Eric - 2010
financial practices by their management. Although mostly forgotten today, these events represented a watershed in the early …
Persistent link: https://www.econbiz.de/10012757536
Cover Image
Reducing Greenhouse Gas Emissions by Forest Protection : The Transaction Costs of REDD
Alston, Lee J. - 2013
Understanding and minimizing the transaction costs of policy implementation are critical for reducing tropical forest losses. As the international community prepares to launch REDD+, a global initiative to reduce greenhouse gas emissions from tropical deforestation, policymakers need to pay...
Persistent link: https://www.econbiz.de/10013093889
Cover Image
Measuring and Explaining Management Practices Across Firms and Countries
Bloom, Nicholas - 2014
We use an innovative survey tool to collect management practice data from 732 medium sized manufacturing firms in the …-level productivity, profitability, Tobin%u2019s Q, sales growth and survival rates. Management practices also display significant cross … tail of extremely badly managed firms. We find that poor management practices are more prevalent when (a) product market …
Persistent link: https://www.econbiz.de/10012752282
Cover Image
Data Gaps and the Policy Response to the Novel Coronavirus
Stock, James H. - 2020
This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...
Persistent link: https://www.econbiz.de/10012838354
Cover Image
Currency Mismatches, Default Risk, and Exchange Rate Depreciation : Evidence from the End of Bimetallism
Bordo, Michael D. - 2010
It is generally very difficult to measure the effects of a currency depreciation on a country%u2019s balance sheet and financing costs given the endogenous properties of the exchange rate. History provides at least one natural experiment to test whether an exogenous exchange rate depreciation...
Persistent link: https://www.econbiz.de/10012761340
Cover Image
New Evidence on the First Financial Bubble
Frehen, Rik - 2015
The first global financial bubble in stock prices occurred 1720 in Paris, London and the Netherlands. Explanations for these linked bubbles primarily focus on the irrationality of investor speculation and the corresponding stock price behavior of two large firms: the South Sea Company in Great...
Persistent link: https://www.econbiz.de/10013039339
Cover Image
Does Trade Cause Capital to Flow? Evidence from Historical Rainfall
Kalemli-Ozcan, Sebnem; Nikolsko‐Rzhevskyy, Alex; … - 2021
We use a historical quasi-experiment to estimate the causal effect of trade on capital flows. We argue that fluctuations in regional rainfall within the Ottoman Empire capture the exogenous variation in exports from the Empire to Germany, France, and the U.K., during the period of 1859–1913....
Persistent link: https://www.econbiz.de/10013231603
Cover Image
Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century
Cette, Gilbert - 2010
This study compares labor and total factor productivity (TFP) in France, Japan, the United Kingdom and the United States in the very long (since 1890) and medium (since 1980) runs. During the past century, the United States has overtaken the United Kingdom and become the leading world economy....
Persistent link: https://www.econbiz.de/10013149831
Cover Image
The Rise of the Regulatory State
Glaeser, Edward L.; Shleifer, Andrei - 2021
During the Progressive Era at the beginning of the 20th century, the United States replaced litigation by regulation as the principal mechanism of social control of business. To explain why this happened, we present a model of choice of law enforcement strategy between litigation and regulation...
Persistent link: https://www.econbiz.de/10013246364
Cover Image
The Degree of Judicial Enforcement and Credit Markets : Evidence from Japanese Household Panel Data
Horioka, Charles Yuji - 2010
In this paper, we conduct an empirical analysis of the impact of better judicial enforcement on the probability of being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel Survey of Consumers, conducted by the Institute for Research...
Persistent link: https://www.econbiz.de/10013149297