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In this paper we analyze the link between corruption money laundering and round-trip investment via offshore jurisdictions utilizing Russian firm-level data. In particular we empirically explore location strategies of round-trip investors (namely, from Cyprus and British Virgin Islands) across...
Persistent link: https://www.econbiz.de/10013082421
on terrorist attacks in the Middle East: Radical religious clubs are more lethal and choose suicide terrorism more often …, when they provide benign local public goods. Our results suggest benign tactics to counter terrorism by religious radicals …
Persistent link: https://www.econbiz.de/10012759639
all world leaders from 1875 to 2004, we exploit inherent randomness in the success or failure of assassination attempts to …
Persistent link: https://www.econbiz.de/10012776946
This article provides an empirical investigation of the determinants of terrorism at the country level. In contrast … with the previous literature on this subject, which focuses on transnational terrorism only, I use a new measure of … terrorism that encompasses both domestic and transnational terrorism. In line with the results of some recent studies, this …
Persistent link: https://www.econbiz.de/10013243972
Governments fighting terrorists have many tactical options, yet these options often yield unintended and counterproductive consequences. This paper models a terrorist organization, a religious group from which the terrorists recruit suicide bombers, and the society in which the terrorists are...
Persistent link: https://www.econbiz.de/10013134861
funds for financing such investments and they manage their cash flow to ensure this. Evidence shows that there are limits to …
Persistent link: https://www.econbiz.de/10013070796
on the financing of 1157 worldwide private equity deals from 1980 to 2008. Buyout leverage is cross-sectionally unrelated … availability of financing impacts booms and busts in the private equity market, and that agency problems between private equity …
Persistent link: https://www.econbiz.de/10013144159
We survey 1,050 CFOs in the U.S., Europe, and Asia to assess whether their firms are credit constrained during the global credit crisis of 2008. We study whether corporate spending plans differ conditional on this measure of financial constraint. Our evidence indicates that constrained firms...
Persistent link: https://www.econbiz.de/10013149992
What external control mechanisms are most effective in detecting corporate fraud? To address this question we study in depth all reported cases of corporate fraud in companies with more than 750 million dollars in assets between 1996 and 2004. We find that fraud detection does not rely on one...
Persistent link: https://www.econbiz.de/10012760394
We evaluate the net benefits of the Sarbanes-Oxley Act (SOX) for shareholders by studying the lobbying behavior of investors and corporate insiders to affect the final implemented rules under the Act. Investors lobbied overwhelmingly in favor of strict implementation of SOX, while corporate...
Persistent link: https://www.econbiz.de/10012747810