Showing 1 - 10 of 3,112
This paper outlines the foundations of corporate governance. The discussion includes a review on the modern corporation, transaction costs theory, agency costs theory, legal investor protection, investor protection by corporate governance and its various mechanisms, as well as an overview of the...
Persistent link: https://www.econbiz.de/10011390672
punishment, a defining feature of large-scale human societies. Compared to individually-administered punishment, institutional … punishment offers a unique potential advantage: the ability to control how quickly legal rules of punishment evolve relative to … social behavior that legal punishment regulates. However, at what rate should legal rules evolve relative to society to …
Persistent link: https://www.econbiz.de/10011709843
Latin America and the Caribbean is the most violent region in the world, with an annual homicide rate of more than 20 per 100,000 population and with an increasing trend. Yet most evidence of crime concentration, geo-temporal patterns, and event dependence comes from cities in high-income...
Persistent link: https://www.econbiz.de/10011535775
Several theories have been offered to explain the recent declines in violent crime rates in the United States. We hypothesize that technological innovations, which improved information transmission and shortened the response time between an aggravated assault incident and treatment, reduced the...
Persistent link: https://www.econbiz.de/10011555582
This paper examines interconnections between law, politics and the quality of government in Africa. We investigate whether African democracies enjoy relatively better government quality compared to their counterparts with more autocratic inclinations. The empirical evidence is based on...
Persistent link: https://www.econbiz.de/10011596355
Party systems research has proceeded along two parallel lines of inquiry, one predominantly “qualitative” and the other “quantitative.” This article attempts to bridge this divide in two ways. First, by showing that qualitative information can be valuable in the construction of...
Persistent link: https://www.econbiz.de/10011596378
This paper uses a large panel of bilateral bank flow data to assess how institutions and politics affect international capital -bank in particular- flows. The following key findings emerge: 1) The empirical "gravity" model is the benchmark in explaining the volume of international banking...
Persistent link: https://www.econbiz.de/10011604483
This paper revisits the tragedy of the commons when agents have different capabilities in both production and encroachment activities, and can allocate their time between them. Under fairly general assumptions on production and encroachment technologies, an individual's expected income is convex...
Persistent link: https://www.econbiz.de/10011608842
This paper does three things. First, based on a limited number of theoretically established dimensions, it proposes a new de facto indicator for the rule of law. It is the first such indicator to take the quality of legal norms explicitly into account. Second, using this indicator we shed new...
Persistent link: https://www.econbiz.de/10011621175
We conducted an experiment with 182 inmates from a maximum security prison to analyze the impact of criminal identity salience on cheating. The results show that inmates cheat more when we exogenously render their criminal identity more salient. This effect is specific to individuals who have a...
Persistent link: https://www.econbiz.de/10010531835