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Look at Me Now: What Attracts U.S. Shareholders?
Ammer, John; Holland, Sara B.; Smith, David C.; … - National Bureau of Economic Research (NBER) - 2006
This paper investigates the underlying determinants of home bias using a comprehensive data set on U.S. investors' aggregate holdings of every foreign stock. Among those foreign stocks that are not listed on U.S. exchanges, which account for more than 96 percent of our usable data sample, we...
Persistent link: https://www.econbiz.de/10005580453
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The Impact of Corporate Sustainability on Organizational Processes and Performance
Eccles, Robert G.; Ioannou, Ioannis; Serafeim, George - National Bureau of Economic Research (NBER) - 2012
We investigate the effect of corporate sustainability on organizational processes and performance. Using a matched sample of 180 US companies, we find that corporations that voluntarily adopted sustainability policies by 1993 - termed as High Sustainability companies - exhibit by 2009 distinct...
Persistent link: https://www.econbiz.de/10011188558
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Incentives and Outcomes: China's Environmental Policy
Deng, Yongheng; Morck, Randall; Wu, Jing; Huang, Jun; … - National Bureau of Economic Research (NBER) - 2013
In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000 …
Persistent link: https://www.econbiz.de/10010950924
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The Economics of China: Successes and Challenges
Wei, Shang-Jin; Zhang, Xiaobo; Fan, Shenggen; Kanbur, Ravi - National Bureau of Economic Research (NBER) - 2013
This paper is the first chapter in the Oxford Companion to the Economics of China (Oxford University Press, forthcoming …). Rather than trying to summarize other contributors' views, we provide our own perspectives on the Economics of China …--the past experience and the future prospects. Our reading of China's economic development over the past 35 years raises two …
Persistent link: https://www.econbiz.de/10010950991
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Growth, Reform Indicators and Policy Complementaries
Braga de Macedo, Jorge A.; Oliveira Martins, Joaquim - National Bureau of Economic Research (NBER) - 2006
This paper discusses the design of structural policies by relating second-best results and the complementarity of reforms. It computes a complementarity index based on structural reform indicators compiled by the EBRD for transition countries, assuming that the run-up to EU integration...
Persistent link: https://www.econbiz.de/10005084690
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Capitalizing China
Morck, Randall; Fan, Joseph; Yeung, Bernard - National Bureau of Economic Research (NBER) - 2011
Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist … introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high … consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries. …
Persistent link: https://www.econbiz.de/10009395468
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Costly Blackouts? Measuring Productivity and Environmental Effects of Electricity Shortages
Fisher-Vanden, Karen; Mansur, Erin T.; Qiong (Juliana) Wang - National Bureau of Economic Research (NBER) - 2012
technical efficiency. We examine how industrial firms responded to China's severe power shortages in the early 2000s. Fast …
Persistent link: https://www.econbiz.de/10009397154
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"Loans for Shares" Revisited
Treisman, Daniel - National Bureau of Economic Research (NBER) - 2010
The "loans for shares" scheme of 1995-6--in which a handful of well-connected businessmen bought stakes in major Russian companies--is widely considered a scandal that slowed subsequent Russian economic growth. Fifteen years later, I reexamine the details of the program. In light of evidence...
Persistent link: https://www.econbiz.de/10008601668
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A Conceptual Framework for Interpreting Recorded Human History
Weingast, Barry R.; North, Douglass C; Wallis, John Joseph - National Bureau of Economic Research (NBER) - 2006
Neither economics nor political science can explain the process of modern social development. The fact that developed societies always have developed economies and developed polities suggests that the connection between economics and politics must be a fundamental part of the development...
Persistent link: https://www.econbiz.de/10005714272
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Post-Unification Wage Growth in East Germany
Hunt, Jennifer - National Bureau of Economic Research (NBER) - 1999
Following monetary union with west Germany in June 1990, the median real monthly wage of prime age east German workers rose by 83% in six years. I use the German Socio-Economic Panel data to investigate the determinants of this wage growth and some of its implications. For the 1990-1991 period I...
Persistent link: https://www.econbiz.de/10005718494