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The Rise of the Fourth Estate : How Newspapers Became Informative and Why it Mattered
Gentzkow, Matthew Aaron; Glaeser, Edward L.; Goldin, Claudia - 2021
A free and informative press is widely agreed to be crucial to the democratic process today. But throughout much of the nineteenth century U.S. newspapers were often public relations tools funded by politicians, and newspaper independence was a rarity. The newspaper industry underwent...
Persistent link: https://www.econbiz.de/10013310171
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Antitrust Treatment of Nonprofits : Should Hospitals Receive Special Care?
Capps, Cory S. - 2017
Nonprofit hospitals receive favorable tax treatment in exchange for providing socially beneficial activities. Extending this rationale would suggest that, insofar as suppression of competition would allow nonprofits to cross-subsidize care for needy populations, nonprofit hospital mergers should...
Persistent link: https://www.econbiz.de/10012963743
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Competition Laws, Norms and Corporate Social Responsibility
Ding, Wenzhi; Levine, Ross; Lin, Chen; Xie, Wensi - 2022
Theory offers differing perspectives and predictions about the impact of product market competition on corporate social responsibility (CSR). Using firm-level data on CSR from 2002 through 2015 and panel data on competition laws in 48 countries, we discover that intensifying competition induces...
Persistent link: https://www.econbiz.de/10013403124
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Competition Laws and Corporate Innovation
Levine, Ross; Lin, Chen; Wei, Lai; Xie, Wensi - 2022
A central debate in economics concerns the relationship between competition and innovation, with some stressing that competition discourages innovation by reducing post-innovation rents and others emphasizing that more contestable markets spur currently dominant and other firms to invest more in...
Persistent link: https://www.econbiz.de/10014258819
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Adoptive Expectations : Rising Sons in Japanese Family Firms
Mehrotra, Vikas - 2011
postwar Japan than generally realized, and also performing well - an unusual finding for a developed economy. Adopted heirs …
Persistent link: https://www.econbiz.de/10013128613
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Currency and Financial Crises of the 1990s and 2000s
Razin, Assaf - 2011
leading to severe banking crisis in Japan; 2) The foreign reserves' meltdown triggered by foreign hot money flight from frothy …
Persistent link: https://www.econbiz.de/10013130560
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The Market Microstructure of Central Bank Intervention
Dominguez, Kathryn M.E. - 2011
One of the great unknowns in international finance is the process by which new information influences exchange rate behavior. This paper focuses on one important source of information to the foreign exchange markets, the intervention operations of the G-3 central banks. Previous studies using...
Persistent link: https://www.econbiz.de/10013132797
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Property Rights and Financial Development : The Legacy of Japanese Colonial Institutions
Yoo, Dongwoo - 2010
this line of research to Asia. Japan imposed its system of well-defined property rights in land on some of its Asian … colonies, including Korea, Taiwan and Palau. In 1939 Japan began to survey and register private land in its island colonies, an … land registration obsolete. Third, considering all of Japan's colonies, we use the presence or absence of a land survey as …
Persistent link: https://www.econbiz.de/10013135762
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Business Fixed Investment and the Recent Business Cycle in Japan
Kiyotaki, Nobuhiro - 2010
To analyze business fixed investment in Japan, which has been unusually volatile in recent years, we develop and apply …
Persistent link: https://www.econbiz.de/10013137602
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The Consumption Response to Seasonal Income : Evidence from Japanese Public Pension Benefits
Stephens, Melvin - 2010
Japanese public pension benefits, which were distributed quarterly through February 1990 and every other month since then, induce substantial but predictable income fluctuations. The relative magnitude of the payments combined with the delay between payments yields a stronger test of the...
Persistent link: https://www.econbiz.de/10013138326