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Union Participation in Strategic Decisions of Corporations
Appelbaum, Eileen; Hunter, Larry W. - 2021
This paper reviews workforce participation in strategic decisions - those that affect the basic direction of the company - when workforce interests are represented collectively through unions. We consider the problem of corporate governance and review the rationale for what we term strategic...
Persistent link: https://www.econbiz.de/10013239945
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Learning and the Disappearing Association between Governance and Returns
Bebchuk, Lucian A. - 2010
In an important and influential work, Gompers, Ishii, and Metrick (2003) show that a trading strategy based on an index of 24 governance provisions (G-Index) would have earned abnormal returns during the 1991-1999 period, and this intriguing finding has attracted much attention ever since it was...
Persistent link: https://www.econbiz.de/10013144562
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Busy Directors : Strategic Interaction and Monitoring Synergies
Ljungqvist, Alexander - 2017
We derive conditions for when having a “busy” director on the board is harmful to shareholders and when it is beneficial. Our model allows directors to condition their monitoring choices on their co-directors' choices and to experience positive or negative monitoring synergies across firms....
Persistent link: https://www.econbiz.de/10012946482
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Relative Returns on Equities in Pacific Basin Countries
Engel, Charles M. - 2010
We examine the factors that determine the differences in ex ante returns on equities in eleven Pacific Basin countries. Our concern is whether real return differentials are primarily caused by nominal return differentials or expected changes in real exchange rates. We find that nominal return...
Persistent link: https://www.econbiz.de/10012763463
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Lending to the Unbanked : Relational Contracting with Loan Sharks
Lang, Kevin - 2019
We study roughly 11,000 loans from unlicensed moneylenders to over 1,000 borrowers in Singapore and provide basic …
Persistent link: https://www.econbiz.de/10012860446
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No-Bubble Condition : Model-Free Tests in Housing Markets
Giglio, Stefano - 2014
classic rational bubble. We study housing markets in the U.K. and Singapore, where residential property ownership takes the … no evidence for failures of the transversality condition in housing markets in the U.K. and Singapore, even during …
Persistent link: https://www.econbiz.de/10013053476
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Very Long-Run Discount Rates
Giglio, Stefano - 2014
very long run, 100 or more years away. We exploit a unique feature of housing markets in the U.K. and Singapore, where …
Persistent link: https://www.econbiz.de/10013053841
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Liquidity in Retirement Savings Systems : An International Comparison
Beshears, John - 2015
What is the socially optimal level of liquidity in a retirement savings system? Liquid retirement savings are desirable because liquidity enables agents to flexibly respond to pre-retirement events that raise the marginal utility of consumption. On the other hand, pre-retirement liquidity is...
Persistent link: https://www.econbiz.de/10013022597
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Capital Flows and Exchange Rate Volatility : Singapore'S Experience
Kapur, Basant K. - 2021
Singapore%u2019s experience with international capital flows over the past two decades or so has been a rather %u2013 … system and equities market, and operating on a Currency Board (CB) system (although with some differences from Singapore … time. We next discuss Singapore%u2019s policy background and early experience, and in the light of Hong Kong%u2019s …
Persistent link: https://www.econbiz.de/10013218342
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The Tyranny of Numbers : Confronting the Statistical Realities of the East Asian Growth Experience
Young, Alwyn - 2021
of Hong Kong, Singapore, South Korea and Taiwan. Participation rates, educational levels and (with the exception of Hong …
Persistent link: https://www.econbiz.de/10013233017