Showing 1 - 10 of 487
is seen as a set of conventional signs that point to types, and the credibility of a message depends on the strategic …
Persistent link: https://www.econbiz.de/10011290062
promises, and explores the distributional consequences of this decision, in a setting where party credibility can vary. When … campaign promises. When political credibility is sufficiently low, some voter groups are targeted only with vote buying and not …
Persistent link: https://www.econbiz.de/10011521218
Protected areas are a cornerstone of forest conservation in developing countries. Yet we know little about their effects on forest cover change or the socioeconomic status of local communities, and even less about the relationship between these effects. This paper assesses whether 'win-win'...
Persistent link: https://www.econbiz.de/10011289495
State-owned enterprises (SOEs) are often justified for correcting market failures, providing essential public services, and fulfilling social objectives. Yet, SOEs face unique governance challenges as agency conflicts usually increase with state ownership. This paper examines Brazil's efforts to...
Persistent link: https://www.econbiz.de/10015054007
We investigate the role of ownership structure and investor protection in postprivatization corporate governance. We find that the government relinquishes control over time, mainly to the benefit of local institutions and foreign investors. We also show that private ownership tends to...
Persistent link: https://www.econbiz.de/10011591071
Persistent link: https://www.econbiz.de/10000983122
This paper documents recent structural changes in China's corporate landscape, based on company level data, providing a complementary perspective to that of official Chinese statistics. We classify China's largest companies by revenue since 2004 (based on Fortune Global 500 rankings), and...
Persistent link: https://www.econbiz.de/10013184745
Mass privatization offers a particularly suitable framework to study the change in ownership concentration as the … extent of change is unusual for a stable market economy. Focusing on two different mass privatization schemes in two …
Persistent link: https://www.econbiz.de/10011606874
through 2000. We find that governments do not relinquish control after privatization. We show that the market-to-book ratios …
Persistent link: https://www.econbiz.de/10011606983
Deforestation in the North western part of Pakistan is a long standing problem. The Forestry Department, as formal … process has not resulted in less deforestation. From the policy perspective this has been leading to stated intentions to … statutory law. In this article we explore the mechanisms behind the deforestation and try to uncover mechanisms to reverse the …
Persistent link: https://www.econbiz.de/10003715417