Showing 1 - 10 of 51
The paper seeks to explain the huge cross country variation in private pension funding,shaped by historical choice made when universal pension systems were created after theGreat Depression. According to Perotti and von Thadden (2006), large inflationaryshocks due to war damage devastated middle...
Persistent link: https://www.econbiz.de/10011256647
This paper argues that historical political preferences on the role of capital markets
Persistent link: https://www.econbiz.de/10005036247
After pressure from shareholder activists, proxy advisory firms, and the New York Stock Exchange, the Securities and Exchange Commission has eliminated uninstructed broker voting in director elections. We observe that average director approval rates remain high after the change in regulation,...
Persistent link: https://www.econbiz.de/10011256079
Municipalities may have various motives for decisions on the mode of their task execution. Empirical studies – based on both public choice and transaction costs theory - have not yet provided a fully comprehensive explanation for municipal contracting out decisions. Therefore, we held...
Persistent link: https://www.econbiz.de/10011256842
For refuse collection, we estimate the cost effects of different institutional modes using panel data for almost all Dutch municipalities between 1998 and 2010. The modes we consider are private contracts, intermunicipal cooperation, public provision and own collection. For private companies,...
Persistent link: https://www.econbiz.de/10009367439
Municipalities may have various motives for decisions on the mode of their task execution. Empirical studies – based on both public choice and transaction costs theory - have not yet provided a fully comprehensive explanation for municipal contracting out decisions. Therefore, we held...
Persistent link: https://www.econbiz.de/10008752534
Recent studies have demonstrated the importance of good management for firm performance. Here, we focus on management in not-for-profits (NFPs). We present a model predicting that management quality will be lower in NFPs compared to for-profits (FPs), but that outputs may not be worse if...
Persistent link: https://www.econbiz.de/10011256263
For refuse collection, we estimate the cost effects of different institutional modes using panel data for almost all Dutch municipalities between 1998 and 2010. The modes we consider are private contracts, intermunicipal cooperation, public provision and own collection. For private companies,...
Persistent link: https://www.econbiz.de/10011256402
This discussion paper led to publication in (E.F.M. Wubben (Ed.)) 'Institutions and Regulation for Economic Growth? Public Interest versus Private Incentives', 2011, pp. 187-209, Cheltenham: Edward Elgar. <P> In the analysis of the credit crisis of 2007-2010 a clear distinction should be made...</p>
Persistent link: https://www.econbiz.de/10011256773
This model of policy evaluation has been developed to identify factors that cause policy outcomes to diverge from the intended results. In this model the explanatory factors may be inherent to the conceptual and institutional framework to which policy makers adhere, or they may be ‘real...
Persistent link: https://www.econbiz.de/10011257401