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Migration State and Welfare State : Competition vs. Coordination in an Economic Union

Razin, Assaf - 2015

We develop a political-economy model of economic union and compare the competion regime to the coordination regime. Key … of migration. We argue that the differences between the U.S. and the EU - the degree of coordination among the member …

Persistent link: https://www.econbiz.de/10012457063

The Governance of the New Enterprise

Rajan, Raghuram G. - 2000

The changing nature of the corporation forces us to re-examine much of what we take for granted in corporate governance. What precisely is the entity that is being governed? How does the governance system obtain power over it, and what determines the division of power between various...

Persistent link: https://www.econbiz.de/10012470778

In Search of New Foundations

Zingales, Luigi - 2000

In this paper I argue that corporate finance theory, empirical research, practical applications, and policy recommendations are deeply rooted in an underlying theory of the firm. I also argue that while the existing theories have delivered very important and useful insights, they seem to be...

Persistent link: https://www.econbiz.de/10012471055

Ownership and Control in Outsourcing to China : Estimating the Property-Rights Theory of the Firm

Feenstra, Robert C. - 2004

In this paper, we develop a simple model of international outsourcing and apply it to processing trade in China. We observe China's processing exports broken down by who owns the plant and by who controls the inputs the plant processes. Multinational firms engaged in export processing in China...

Persistent link: https://www.econbiz.de/10012468496

The Governance of Not-For-Profit Firms

Glaeser, Edward L. - 2002

Many factors including incentive-pay, powerful shareholders, and takeover threats push for-profits managers towards maximizing shareholder value. One of the most striking factors about non-profit firms is that they have no comparable governance institutions, and the only check on managers are...

Persistent link: https://www.econbiz.de/10012469793

Complementarity Among Vertical Integration Decisions : Evidence from Automobile Product Development

Novak, Sharon - 2007

contracting choices. First, effective coordination may depend on the level of (non-contractible) effort on the part of each agent …; contracting complementarity results if coordination efforts are interdependent and vertical integration facilitates a higher level … of non-contractible effort. Second, effective coordination may require the disclosure of proprietary trade secrets, and …

Persistent link: https://www.econbiz.de/10012465421

Is Bank-Centered Corporate Governance Worth It? A Cross-Sectional Analysis of the Performance of Japanese Firms during the Asset Price Deflation

Kang, Jun-Koo - 1997

This paper examines the determinants of firm stock-price performance from 1990 to 1993" in Japan. During that period of …

Persistent link: https://www.econbiz.de/10012472574

Ownership Structure and Corporate Performance in Japan

Lichtenberg, Frank R. - 1992

This paper develops a dynamic continuous-time model in which international risk sharing can yield substantial welfare gains through its positive effect on expected consumption growth. The mechanism linking global diversification to growth is an attendant world portfolio shift from safe, but...

Persistent link: https://www.econbiz.de/10012474883

Changes in Corporate Governance and Top Executive Turnover : The Evidence from Japan

Miyajima, Hideaki - 2017

investors have begun to play an important governance role in Japan. However, the main bank does not abandon its governance role …

Persistent link: https://www.econbiz.de/10012453899

The Global History of Corporate Governance : An Introduction

Morck, Randall K. - 2005

, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies …

Persistent link: https://www.econbiz.de/10012467625

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