Argentina has been a leader among developing countries in restructuring its banking sector. The authors analyze the performance of those banks before and after privatization and estimate fiscal savings associated with privatizingArgentina's banks rather than keeping them public and later...

Biogas production is an important contemporary topic within agriculture as well as bioenergy production, both from an industrial and an academic point of view. The Danish biogas sector, which has been around for many years, is still struggling to establish itself as an economically viable energy...

Surveys can increase market transparency when information asymmetries are present—but this will only happen when respondents answer questions truthfully. Sometimes, however, it might not be in the respondents’ best interest to provide truthful information on their firm or market. This will...

Previous studies have shown that reticent managers, who are identified through a series of random-response questions, answer questions about corruption, firm performance and how honest they are differently from other managers. If reticent managers’ answers are different because they are lying,...

This paper assesses the effect of institutional quality on research and development (R&D) expenditures in developing countries. The paper finds that the risk of expropriation and the rule of law are correlated with R&D expenditures. Since both institutional variables increase as institutional...

It is difficult to be sure that managers in developing countries report financial information accurately and truthfully during firm surveys. The most common concern is that managers might under-report performance to avoid attracting attention from the tax authorities or corrupt bureaucrats....

Why have so few countries in Sub-Saharan Africa been successful in export-oriented manufacturing? This paper uses firm-level data from the World Bank’s Enterprise Surveys to discuss this. The paper shows that although firms in most African countries are relatively unproductive, they are more...

This article investigates the determinants of technology licensing, focusing on how country-specific characteristics affect technology holders’ incentives to sell their proprietary technologies through licensing alliances. An empirical examination of licensing is done using a unique panel data...

Although theoretical models make distinct predictions about the relation between finance and income inequality, little empirical research has been conducted to compare their relative explanatory power. We examine the relation between financial intermediary development and income inequality in a...