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Persistent link: https://www.econbiz.de/10010353281
This study is motivated by one of the most prevalent properties of modern corporations: separation of ownership and control. Ownership concentration has been one of the corporate governance mechanisms to solve the agency problem between shareholders and management. Existing literature is mainly...
Persistent link: https://www.econbiz.de/10009461307
investigation in China. On the basis of the data from 1481 Chinese companies listed in Shanghai, Shenzhen or New York, it is found … nearly 20% are controlled by families. The average degree of ownership concentration in China is more than 30%, which is … evidence in China shows that the companies listed abroad are more concentrated than those listed only inland. The investigation …
Persistent link: https://www.econbiz.de/10009452443
between infrastructure and private productivity. The second subject is the determinants of regional infrastructure investment … infrastructure to private production; the essays three to five study besides the productivity effects also the determinants of …
Persistent link: https://www.econbiz.de/10009467016
Beschäftigungsverhältnissen in der verarbeitenden Industrie nicht beeinflusst, geht es einher mit einer Zunahme der Beschäftigungsstabilität im … rigidity. The third essay analyses how different unionisation structures affect firm productivity and firm performance in a … among heterogeneous producers and increases average productivity and profit levels, firm-level bargaining allows less …
Persistent link: https://www.econbiz.de/10009467258
on productivity growth, and additionally export behavior has to be persistent over time. Both conditions are empirically …
Persistent link: https://www.econbiz.de/10009449074
-, consultation-, and co-determination rights. The effects works councils have on productivity and profits are estimated for medium …-sized manufacturing firms using information from the IAB establishment panel. The results indicate a positive effect on productivity of 6 …
Persistent link: https://www.econbiz.de/10009451164
We analyse a large stratified random sample of firms that provide measures of each firm’s top manager’s perception of the severity of business environment constraints. Specifically, we use the 2005 and 2002 Business Environment and Enterprise Performance Survey (BEEPS) to assess the effect...
Persistent link: https://www.econbiz.de/10009476563
to improve their establishment level productivity relative to a peer control groups of firms. We find no evidence that … productivity after going private, there is little evidence of difference-in-differences efficiency gains relative to peer groups of … peer groups. Our findings cast doubt on the view that public markets cause listed firms to make sub-optimal, productivity …
Persistent link: https://www.econbiz.de/10009476643