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Mergers, acquisitions and takeovers often imply dramatic changes for employees, competitors, customers and suppliers. Not surprisingly, the market for corporate control has generated controversy and is frequently regulated by law or business custom. Though transfers of control take place in many...
Persistent link: https://www.econbiz.de/10012788365
Mergers, acquisitions and takeovers often imply dramatic changes for employees, competitors, customers and suppliers. Not surprisingly, the market for corporate control has generated controversy and is frequently regulated by law or business custom. Though transfers of control take place in many...
Persistent link: https://www.econbiz.de/10012744274
firms' distance to the efficiency frontier and country differences in product market regulation. Using firm-level data for a … product market regulation measures depending on firms' positions along the global distribution of productivity levels. The … heterogeneous effects of international competition and domestic product market regulation on firm-level productivity growth are …
Persistent link: https://www.econbiz.de/10011276805
Im Mittelpunkt dieses Beitrags steht eine Analyse des kalifornischen Strommarktdebakels und der Lehren aus den dortigen Ereignissen. Das Papier geht auf die Entwicklung der Märkte ein und zeigt die Gründe für das Scheitern des kalifornischen Übergangsmodells auf. Die Analyse zeigt, dass es...
Persistent link: https://www.econbiz.de/10005755123
This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the resulting inequality as crony bias in the political...
Persistent link: https://www.econbiz.de/10005407672
Based on the Business Environment and Enterprise Performance Survey (BEEPS) of firms in transition countries, which unbundles corruption to measure different types of corrupt transactions and provide detailed information on the characteristics and performance of firms, we find that: i)...
Persistent link: https://www.econbiz.de/10005407674
The term ‘enterprise search’ (ES) refers to the information retrieval applications that use a range of different core technologies to search enterprise repositories. It includes the search of the organisation’s external web site, intranets and other electronic text held by the organisation...
Persistent link: https://www.econbiz.de/10011169906
The “revolving door” phenomenon has become very common in most industrialised countries, and is leading to conflicts of interest as well as economic distortions. The purpose of this paper is to develop an indicator of the distortionary effects of the revolving door – The Revolving Door...
Persistent link: https://www.econbiz.de/10011103380
In this discussion draft, linking research findings with concrete operational challenges, we review key issues in worldwide governance, and present recent empirical evidence. Focusing on defining and unbundling key governance components, such as rule of law, voice and accountability, corruption...
Persistent link: https://www.econbiz.de/10005561333
The “revolving door” has been pinpointed as being one major cause of the 2008 financial crisis. This phenomenon, common in most industrialized countries, leads to conflicts of interest that may seriously harm economies. The purpose of this paper is to present an indicator of the...
Persistent link: https://www.econbiz.de/10011188981