Showing 1 - 10 of 4,947
the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial … sector. Finally, analysis of several repeated cross-sections of confidence within U.S. states yields similar qualitative …
Persistent link: https://www.econbiz.de/10010274853
Persistent link: https://www.econbiz.de/10011696557
obtain even without strong property rights. In a hypothetical world where cognitive ability is perfect, individuals would not … limitations irrelevant. This experiment shows that strong property rights serve this function. In theory, efficient outcomes … does not eliminate it; and in the real world relevant experience is often lacking. We show that cognitive limitations …
Persistent link: https://www.econbiz.de/10012428599
On the basis of accounting and market data for firms and groups listed on German stock exchanges between 1997 and 2003, we show that the value relevance of R&D information under German accounting standards can be superior to that provided by US-GAAP and IAS. The results, obtained while...
Persistent link: https://www.econbiz.de/10010295781
Institutional settings and the resulting incentive structures are crucial for economic development. The type of entrepreneurial activity and the entrepreneurial effort are especially dependent on underlying incentive structures. We argue that institutions with better incentive structures for...
Persistent link: https://www.econbiz.de/10010266668
high-growth aspiration projects. In particular, a strong property rights system is important for high-growth aspiration …
Persistent link: https://www.econbiz.de/10010271286
quality in the form of property rights and the rule of law. Previous studies have only measured the impact of membership …
Persistent link: https://www.econbiz.de/10010320238
The article describes the challenges of copyright protection in the digital world. Starting from the observation that …
Persistent link: https://www.econbiz.de/10010290901
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
taxonomy for rules reducing transaction costs is developed, for instance through decentralization of decisions, property rights …
Persistent link: https://www.econbiz.de/10010272981