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Shareholder Protection Around the World ('Leximetric II')

Siems, Mathias - 2014

This article analyzes how shareholder protection has developed in 20 countries from 1995 to 2005. In contrast to … its results are that in most countries shareholder protection has improved in the last years; that developed countries … perform better than developing countries in protecting shareholders; that shareholder protection in common law countries is …

Persistent link: https://www.econbiz.de/10012709419

Diversity in Shareholder Protection in Common Law Countries

Lele, Priya - 2014

Previous research often emphasised the similarity of shareholder protection in common law (or English legal origin …) countries. Conversely, this article found a remarkable diversity of shareholder protection in common law countries. Using our … new shareholder protection index with 60 variables, we presented some graphical representations to highlight and discuss …

Persistent link: https://www.econbiz.de/10012751920

Shareholder Protection Across Countries - is the EU on the Right Track?

Siems, Mathias - 2014

its most important aims is the protection of shareholders. This article addresses this aim from a leximetric perspective … methodology, it will then be shown how different parts of shareholder protection (active shareholder, passive shareholder, boards …

Persistent link: https://www.econbiz.de/10012752084

The Foundations of Securities Law

Siems, Mathias - 2009

How does the law address topics such as the sale and trade of securities and the regulation of stock exchanges and investment firms? Given the growing importance of capital markets, securities law is highly relevant, but unfortunately also quite complicated. This complexity is also reflected in...

Persistent link: https://www.econbiz.de/10012720912

Comparative Law and Finance: Past, Present, and Future Research

Siems, Mathias; Deakin, Simon - In: Journal of Institutional and Theoretical Economics (JITE) 166 (2010) 1, pp. 120-140

data sets on shareholder, creditor, and worker protection. …

Persistent link: https://www.econbiz.de/10010625805

Comparative advantage and heterogeneous firms

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K. - London School of Economics (LSE) - 2004

This paper presents a model of international trade that features heterogeneous firms, relative endowment differences across countries, and consumer taste for variety. The paper demonstrates that firm reactions to trade liberalization generate endogenous Ricardian productivity responses at the...

Persistent link: https://www.econbiz.de/10010884531

Trade Liberalization and Wage Inequality: New Insights from a Dynamic Trade Model with Heterogeneous Firms and Comparative Advantage

Lechthaler, Wolfgang; Mileva, Mariya - Institut für Weltwirtschaft (IfW) - 2013

We develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to study wage inequality during the adjustment after trade liberalization. We find that trade liberalization increases wage inequality both in the...

Persistent link: https://www.econbiz.de/10010887016

Smoothing the adjustment to trade liberalization

Lechthaler, Wolfgang; Mileva, Mariya - WWWforEurope - 2014

We use a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to analyze economic policy to compensate the losers of trade liberalization and to reduce the ensuing wage inequality. We consider several instruments...

Persistent link: https://www.econbiz.de/10010928067

Two-Country Dynamic Model of Trade with Heterogeneous Firms and Comparative Advantage

Lechthaler, Wolfgang; Mileva, Mariya - WWWforEurope - 2013

We develop a dynamic trade model with comparative advantage, heterogeneous firms and workers and endogenous firm entry to study wage inequality during the adjustment to trade liberalization. We find that trade liberalization increases wage inequality both in the short run and in the long run. In...

Persistent link: https://www.econbiz.de/10010928080

Relative wage variation and industry location

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K.; … - London School of Economics (LSE) - 2004

Relative wages vary considerably across regions of the United Kingdom, with skill-abundant regions exhibiting lower skill premia than skill-scarce regions. This paper shows that the location of economic activity is correlated with the variation in relative wages. U.K. regions with low skill...

Persistent link: https://www.econbiz.de/10010928674