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Standard spatial models of political competition give rise to equilibria in which the competing political parties or candidates converge to a common position. In this paper I show how political polarization can be generated in models that focus on the nexus between pre-election interest group...
Persistent link: https://www.econbiz.de/10008558962
Political involvement in the operation of an enterprise, whether it is private or state owned, creates opportunities for interest groups to influence the allocation of resources. Resource allocation transfers rent both between unions and private owners within the firm and between these organized...
Persistent link: https://www.econbiz.de/10005419436
Political involvement in the operation of an enterprises, whether it is private or state owned, creates opportunities for interest groups to influence the allocation of resources. I analyze how the influence externality arising form the interest groups´lobby activities disables the Coase...
Persistent link: https://www.econbiz.de/10005225408
resources government does not control the firm´s internal resources so any non profit generating activities must be purely tax …
Persistent link: https://www.econbiz.de/10005225413
Previous research initiated by Claessens et al. (2002) has established a value discount of disproportional ownership structures. Due to omitted variables problems it is difficult to provide a causal interpretation of these findings. We provide a thorough analysis of this value discount in a...
Persistent link: https://www.econbiz.de/10012732695
the firms the controlling owners incur a direct loss of control, whereas in additional 11-17 pct. of the firms the … controlling owners are likely to incur a control loss. Firms in Germany, Italy and the Scandinavian countries are more likely to … incur a control loss. We continue to estimate the restrictions that the Break-Through rule puts on these firms ability to …
Persistent link: https://www.econbiz.de/10012740866
. of the firms the controlling owners incur a direct loss of control, whereas in <p> additional 11-17 pct. of the firms the … controlling owners are likely to incur a control loss. Firms in <p> Germany, Italy and the Scandinavian countries are more likely … to incur a control loss. We continue <p> to estimate the restrictions that the Break-Through rule puts on these firms …
Persistent link: https://www.econbiz.de/10005419423
. Board frequency increases with more owners, if control is diluted and in larger firms. Given firms have a board, non …
Persistent link: https://www.econbiz.de/10005419448
We analyse the relationship between the distribution of ownership and the allocation <p> of control in Danish closely …, boardmembers and CEOs in these firms. Third, we show <p> the presence of control dilution in firms with multiple owners. Finally …
Persistent link: https://www.econbiz.de/10005419478
proportionality" through proposals that regulate mechanisms opposing a proportional distribution of ownership and control. We … scrutinize the foundation for these initiatives by analyzing the use of instruments to separate ownership from control across …
Persistent link: https://www.econbiz.de/10005645234