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Equity Prices and Equity Flows : Testing Theory of the Information-Efficiency Tradeoff

Razin, Assaf - 2011

The paper tests three hypotheses concerning foreign equity investment in the presence of liquidity risk. First, the FDI-to-FPI price differential is negatively related to liquidity risk (the "Price Discount Hypothesis"). The idea is that market participants do not know whether the FDI investor...

Persistent link: https://www.econbiz.de/10013131989

How Does Corporate Governance Risk at Home Affect Investment Choices Abroad?

Kim, Woochan - 2010

Disparity between control and ownership rights gives rise to the risk of tunneling by the controlling shareholder, and is prevalent in many emerging market economies and present in some developed countries. At the same time, international investors come from different countries whose home...

Persistent link: https://www.econbiz.de/10012759626

Current Account Deficits During Heightened Risk : Menacing or Mitigating?

Forbes, Kristin J. - 2016

's vulnerability to periods of heightened risk and uncertainty. This paper develops a framework to evaluate such vulnerabilities. It …

Persistent link: https://www.econbiz.de/10012981097

Investment in New Activities and the Welfare Cost of Uncertainty

Aizenman, Joshua - 2022

activities. This paper demonstrates that uncertainty may induce similar costs. This argument is illustrated in the context of … and intermediate products used in domestic production. The present paper shows that uncertainty acts as an implicit tax on …, uncertainty inhibits the formation of new activities. Unlike the tariff, however, uncertainty does not benefit the government with …

Persistent link: https://www.econbiz.de/10013324467

Employment Protection Legislation and Plant-Level Productivity in India

Dougherty, Sean Michael - 2011

Using plant-level data from the Annual Survey of Industries (ASI) for the fiscal years from 1998-99 through 2007-08, this study provides plant-level cross-state/time-series evidence of the impact of employment protection legislation (EPL) on total factor productivity (TFP) and labor productivity...

Persistent link: https://www.econbiz.de/10013117206

How Do Workplace Smoking Laws Work? Quasi-Experimental Evidence from Local Laws in Ontario, Canada

Carpenter, Christopher S. - 2007

There are very large literatures in public health and economics on the effects of workplace smoking bans, with most studies relying on cross-sectional variation. We provide new quasi-experimental evidence on the effects of workplace bans by using the differential timing of adoption of over 100...

Persistent link: https://www.econbiz.de/10012776876

The Timing of Labor Demand

Cardoso, Ana Rute - 2008

We examine the timing of firms' operations in a formal model of labor demand. Merging a variety of data sets from Portugal from 1995-2004, we describe temporal patterns of firms' demand for labor and estimate production-functions and relative labor-demand equations. The results demonstrate the...

Persistent link: https://www.econbiz.de/10012768129

Labour Market Regulations and Capital Intensity

Cette, Gilbert - 2016

On the basis of a country*industry unbalanced panel data sample for 14 OECD countries and 18 industries covering the years 1988 to 2007, this study proposes an econometric investigation of the effects of the OECD Employment Protection Legislation (EPL) indicator on capital intensity for four...

Persistent link: https://www.econbiz.de/10012983663

Disability Policies : Reform Strategies in a Comparative Perspective

Böheim, René - 2016

We analyze different disability policy strategies using policy scores developed by the OECD for the period 1990 to 2007. Applying model-based and hierarchical agglomerative clustering, we investigate the existence of distinct country clusters, characterized by particular policy combinations. In...

Persistent link: https://www.econbiz.de/10012993231

Product and Labor Market Regulations, Production Prices, Wages and Productivity

Cette, Gilbert - 2014

This study is an attempt to evaluate the effects of product and labour market regulations on industry productivity through their various impacts on changes in production prices and wages. In a first stage, the estimation of a regression equation on an industry*country panel, with controls for...

Persistent link: https://www.econbiz.de/10013046151

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