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This study examines the role of political connections for firms' financing strategies and their long-run financial performance. We view political connections as an example for domestic arrangements which can reduce the benefits of global financing. Consistent with this argument, we find that...
Persistent link: https://www.econbiz.de/10012727421
This study examines the role of political connections in firms' financing strategies and their long-run performance. We view political connections as an example for domestic arrangements which can reduce the benefits of global financing. Using data from Indonesia, we find that firms with strong...
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In situations of excess demand, many firms use waiting lists to allocate products and services among their customers. The resulting allocation is likely to be inefficient, creating opportunities for Pareto improving trades among those who are waiting in line. Yet, in the queuing context, the...
Persistent link: https://www.econbiz.de/10005217532
This paper deals with the question how to locate generally beneficial, but locally harmful facilities in accordance with citizens' procedural preferences. The analysis of survey data collected among people potentially affected by such siting decisions shows that aspects of procedural fairness...
Persistent link: https://www.econbiz.de/10005077325
We test the robustness of behavior in dictator games by offering allocators the choice to play an unattractive lottery. With this lottery option, mean transfers from allocators to recipients substantially decline, partly because many allocators now keep the entire endowment for themselves...
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