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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 … establish better retrenchment programs. Using new data from arandom sample of 400 companies in the world, we test competing … owners after privatization. Our results show that adverse selection plagues retrenchment programs carried out by governments …
Persistent link: https://www.econbiz.de/10011335776
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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
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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
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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
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Endogenous indoctrination: occupational choice, the evolution of beliefs, and the political economy of reform
Saint-Paul, Gilles - 2009
Much of the political economy analysis of reform focuses on the conflict of interest between groups that stand to gain or lose from the competing policy proposals. In reality, there is also a lot of disagreement about the working of the policy: in addition to conflicting interests, conflicting...
Persistent link: https://www.econbiz.de/10010271321
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Infrastructure of the market economy
Buhr, Walter - 2009
German social market economy since its creation after World War II. Starting from Jochimsen's distinction of material …
Persistent link: https://www.econbiz.de/10010271485
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Wahrheit und Moral in der Umweltpolitik
Pies, Ingo - 2020
Die umweltpolitische Debatte leidet unter einem verbreiteten Diskursversagen. Zugrunde liegt eine Moralkonfusion. Sie verstellt der demokratischen Öffentlichkeit den Blick auf die ordnungspolitische Option, das moralische Anliegen einer nachhaltigen Entwicklung - inklusive Klimaschutz - durch...
Persistent link: https://www.econbiz.de/10012201863
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Kapitalismus(kritik) auf dem Prüfstand
Pies, Ingo - 2022
einer wettbewerblich verfassten Marktwirtschaft unklar ist und dass gerade deshalb viele negative Moralurteile über …
Persistent link: https://www.econbiz.de/10013190018
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Divestment: Fallstricke einer Nachhaltigkeitsstrategie
Thießen, Friedrich - 2021
Divestment ist eine Untergruppe nachhaltigkeitsorientierter Finanzstrategien. Absicht von Divestment ist es, die zum Unternehmenssektor gehörenden Förderer und Nutzer fossiler Brennstoffe so-zial zu brandmarken, um sie zu einem Verzicht auf diese Aktivitäten zu zwingen. Im vorliegenden...
Persistent link: https://www.econbiz.de/10012669293
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The Chinese economy: How much market - how much state?
Taube, Markus - In: CESifo Forum 06 (2005) 3, pp. 3-7
Persistent link: https://www.econbiz.de/10011695806