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Bank Ownership and Performance
Micco, Alejandro; Panizza, Ugo; Yañez, Mónica - 2004
This paper builds a new dataset on bank ownership and bank performance covering approximately 50,000 observations for 119 countries over the 1995-2002 period. The paper then uses the dataset to reassess the relationship between bank ownership and bank performance, providing separated estimations...
Persistent link: https://www.econbiz.de/10010327143
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Supply chain dynamics with assortative matching
Chai, Caichun; Francis, Eilin; Xiao, Tiaojun - 2016
This paper studies the evolutionarily stable strategies of one-manufacturer and one-retailer supply chains. Each manufacturer and retailer chooses between two pure strategies of management: shareholder-oriented or stakeholder-oriented. Based on its management strategy, the firm decides its...
Persistent link: https://www.econbiz.de/10011564680
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Corporate social responsibility and shareholder's value: An event study analysis
Becchetti, Leonardo; Ciciretti, Rocco; Hasan, Iftekhar - 2007
Corporate social responsibility (CSR) is increasingly a core component of corporate strategy in the global economy. In recent years its importance has become even greater, primarily because of the financial scandals, investors’ losses, and reputational damage to listed companies. While...
Persistent link: https://www.econbiz.de/10010292298
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The effectiveness and risks of loose monetary policy under financialisation
Feiner Solís, Sara - 2021
investment and growth. Both expansionary fiscal policy and legal reforms that control shareholder power are needed. …
Persistent link: https://www.econbiz.de/10012509008
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Privatization in Austria: Some theoretical reasons and performance measures
Schneider, Friedrich; Belke, Ansgar - 2004
The issues of privatization (and sometimes deregulation) have been reviewed in a large literature on the various … aspects of privatization, that has emphasized the potential efficiency gains. Hence, we provide some theoretical reasoning why … privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and …
Persistent link: https://www.econbiz.de/10010294495
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Wage Bargaining, Privatisation, Ability to Pay, andOutside Options – Evidence from Hungary
Köllő, Janos; Mickiewicz, Tomasz - Centre for the Study of Economic and Social Change in … - 2004
This paper examines the determinants of short-term wage dynamics, using asample of large Hungarian companies for the period of 1996-1999. We test thebasic implications of an efficient contract model of bargaining between theincumbent employees and the managers, which we are unable to reject....
Persistent link: https://www.econbiz.de/10005868175
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Privatisierung und Deregulierung in Österreich in den 90er Jahren: Einige Anmerkungen aus Sicht der Neuen Politischen Ökonomie
Schneider, Friedrich - 2001
Schriftliche Fassung eines Vortrages anlässlich der Tagung zum Thema Deregulierung und Privatisierung: Erfahrungen …
Persistent link: https://www.econbiz.de/10010294593
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Should State-Owned Firms Change CEOs Before Privatization? The Case of the Telecommunications Industry
Chong, Alberto; Galdo, Virgilio - 2003
performance in the telecommunications industry before privatization as measured by penetration, operating efficiency, and … profitability. CEO change before privatization does appear to have real consequences in firm performance before privatization …. Moreover, findings are consistent with previous research that links CEO replacement and an increase in privatization prices …
Persistent link: https://www.econbiz.de/10010327157
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Should the Government Be in the Banking Business? The Role of State-Owned and Development Banks
Yeyati, Eduardo Levy; Micco, Alejandro; Panizza, Ugo - 2004
This paper surveys the theoretical and empirical literature on the role of state-owned banks and also presents some new results and a robustness analysis. The paper shows that state-owned banks located in developing countries have fiscal costs because they are characterized by lower returns than...
Persistent link: https://www.econbiz.de/10010327147
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Feldstein's rhetoric of private retirement accounts
Avsar, Rojhat B. - 2008
. Martin Feldstein's pro-privatization rhetoric relative to Social Security is first analyzed. A subsequent comparison his … rhetoric to that of George W. Bush concludes that both the political and the economic rhetoric of Social Security privatization …
Persistent link: https://www.econbiz.de/10010288065