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State ownership and control in the Czech Republic
Kočenda, Evžen; Hanousek, Jan - In: Economic Change and Restructuring 45 (2012) 3, pp. 157-191
We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade … (1995–2005) in the Czech Republic. During this period the integrated control potential of the state resembled a corporate … pyramid. While pyramidal control was not fully utilized, the golden share in the hands of the state substantially enhanced its …
Persistent link: https://www.econbiz.de/10010988807
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Enterprise Restructuring and Transition; Evidence From the Former Yugoslav Republic of Macedonia
Zalduendo, Juan - International Monetary Fund (IMF) - 2003
privatization and the resulting low ownership concentration is one of the reasons for the poor performance of surviving firms. …
Persistent link: https://www.econbiz.de/10005599589
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A Mixed Input Demand System with Generalized Marginal Cost Shares: An Application to the Agricultural Sector in Greece
Fousekis, Panos - In: Economia Internazionale / International Economics 58 (2005) 3, pp. 307-326
The paper develops a differential mixed system which accommodates in a theoretically consistent way both price-predetermined, quantity-dependent and quantity-predetermined, price-dependent input demand functions. In addition, it introduces generalized marginal cost shares obtaining, thus, a...
Persistent link: https://www.econbiz.de/10004987120
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Another Look at the Asymmetric Reit-Beta Puzzle
Chiang, Kevin C.H. - 2007
The diversification benefit provided by real estate investment trusts (REITs) is of great importance to investors, practitioners and academics. This benefit critically relies on the correlation properties between REIT returns and the factors used to explain REIT returns. Recent studies have...
Persistent link: https://www.econbiz.de/10012778064
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Corporate Governance and Sectoral Patterns of Innovation: Evidence from Italian Manufacturing Industries
Belloc, Filippo; laurenza, Eleonora; Rossi, Maria Alessandra - Dipartimento di Economia Politica e Statistics, … - 2015
The paper explores the question whether the relationship between corporate governance dimensions and innovation at the firm level is affected by sectoral characteristics, by analyzing Italian manufacturing sectors. We estimate the impact of corporate governance features on patenting activity for...
Persistent link: https://www.econbiz.de/10011201319
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Microeconometric evidence of financing frictions and innovative activity
Tiwari, Amaresh K.; Mohnen, Pierre; Palm, Franz C.; … - United Nations University-Maastricht Economic Research … - 2012
Random Effects" and "Control Function" to account for the endogeneity of regressors in a structural equations model, is …
Persistent link: https://www.econbiz.de/10010856360
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Microeconometric Evidence of Financing Frictions and Innovative Activity
Tiwari, Amaresh K.; Mohnen, Pierre; Palm, Franz; Loeff, … - CESifo - 2014
constraints faced, propensity to innovate, and R&D intensity are not uniform across firm characteristics. A new “control function …
Persistent link: https://www.econbiz.de/10010743448
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Microeconometric Evidence of Financing Frictions and Innovative Activity
Tiwari, Amaresh K.; Mohnen, Pierre; Palm, Franz; Loeff, … - Centre Interuniversitaire de Recherche en Analyse des … - 2012
Random Effects and Control Function to account for the endogeneity of regressors in a structural equations model, is …
Persistent link: https://www.econbiz.de/10011183757
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CEO Compensation: Too Much is not Enough !
Weill, Laurent - Laboratoire de Recherche en Gestion (LaRGE), Institut … - 2009
This paper conducts an analysis of the relationship between CEO compensation and managerial performance on a large panel of US public firms, by taking into account the different components of CEO compensation. We estimate a stochastic frontier model in which managerial performance is related to...
Persistent link: https://www.econbiz.de/10005082622
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Microeconometric evidence of financing frictions and innovative activity - a revision
Tiwari A.K.; Mohnen P.; Palm F.C.; Schim van der Loeff S. - United Nations University-Maastricht Economic Research … - 2013
constraints faced, propensity to innovate, and RD intensity are not uniform across firm characteristics. A new Control Function …
Persistent link: https://www.econbiz.de/10011266647