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Privatization and labor force restructuring around the world

Chong, Alberto; López-De-Silanes, Florencio - 2002

Critics of privatization argue that poor labor force restructuring is a key concern and that governments should … owners after privatization. Our results show that adverse selection plagues retrenchment programs carried out by governments … before privatization. Controlling for endogeneity, several labor retrenchment policies yield a negative impacton net …

Persistent link: https://www.econbiz.de/10011335776

Privatization, Political Risk and Stock Market Development in Emerging Economies

Perotti, Enrico C.; van Oijen, Pieter - 1999

This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock … market development through the resolution of political risk. We argue that a sustained privatization program represents a … regulatory and private property rights. We present evidence suggesting that progress in privatization is indeed correlated with …

Persistent link: https://www.econbiz.de/10010324472

Learning Dynamics and the Support for Economic Reforms: Why Good News can be Bad

van Wijnbergen, Sweder; Willems, Tim - 2012

Support for economic reforms has often shown puzzling dynamics: there are many examples of reforms that started off successfully but nevertheless lost public support, and vice versa. We show that learning dynamics can rationalize this apparent paradox, the reason being that the process of...

Persistent link: https://www.econbiz.de/10010326523

Bank Ownership and Performance

Micco, Alejandro; Panizza, Ugo; Yañez, Mónica - 2004

This paper builds a new dataset on bank ownership and bank performance covering approximately 50,000 observations for 119 countries over the 1995-2002 period. The paper then uses the dataset to reassess the relationship between bank ownership and bank performance, providing separated estimations...

Persistent link: https://www.econbiz.de/10010327143

Beteiligungsberichterstattung der öffentlichen Hand im 13-Länder-Vergleich: Erfordernisse für mehr Transparenz über die Governance und Performance öffentlicher Unternehmen

Papenfuß, Ulf; Steinhauer, Lars; Friedländer, Benjamin - 2015

[Einführung und Motivation ...] Die Studie bietet eine erste Orientierungshilfe für Praxis und Wissenschaft. Sie leistet damit auch eine notwendige Basis für weiterführende vergleichende Analysen des Beteiligungsberichtswesens im internationalen Kontext. In Kapitel 2 werden Relevanz von und...

Persistent link: https://www.econbiz.de/10010475159

Challenges and Opportunities of Small Countries for Integration into the Global Economy, as a Case of Mongolia

Nyamtseren, Lhamsuren - 2004

This paper examines the impacts of globalization on small countries, covering the main features of globalization, the quality of national economic and commercial environment, main characteristics of small countries including important facts and concrete indicators for their development, and...

Persistent link: https://www.econbiz.de/10010296788

Determinants of the Informal Economy: The Importance of Regional Factors

Krakowski, Michael - 2005

This paper analyses the determinants of the size of the informal economy using crosscountry regressions. Two sets of global data using indirect estimation techniques and the perception of business leaders for 109 countries as well as a regional set for Latin America based on direct data are used...

Persistent link: https://www.econbiz.de/10010295446

Accounting for Variations in Trade Union Effectiveness: State-Labor Relations in East Central Europe

Avdagic, Sabina - 2003

This paper offers an explanation for variations in the effectiveness of trade unions to obtain legislative and policy concessions in peak-level tripartite negotiations in post-communist East Central Europe. I examine the usefulness of some standard interpretations for such variations, namely...

Persistent link: https://www.econbiz.de/10010296048

Der Wandel des Interventionsstaates

Wendt, Claus; Dingeldey, Irene; Martens, Kerstin; … - 2007

In dem Beitrag wird der Wandel der Staatlichkeit in fünf Politikfeldern analysiert: in der Rechnungslegung, der Bildungspolitik, der Gesundheitspolitik, der Arbeitsmarktpolitik und innerhalb des Gesamtrahmens wohlfahrtsstaatlicher Maßnahmen. Die vergleichende Analyse unterschiedlicher...

Persistent link: https://www.econbiz.de/10010298162

Does banks size distort market prices? Evidence for too-big-to-fail in the CDS market

Völz, Manja; Wedow, Michael - 2009

This paper examines the potential distortion of prices in the CDS market caused by too-big-to-fail. Overall, we find evidence for market discipline in the CDS market. However, CDS prices are distorted due to a size effect which arises when investors expect a public bail-out as a result of...

Persistent link: https://www.econbiz.de/10010298782