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In an attempt to measure the impact of cultural heritage on growth, this paper matches the definition of culture as a stock with the cultural heritage list provided by UNESCO, as it is a variable that changes at a very low pace. We test the hypothesis on whether the existence of a strong...
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decrease in pay ratio among high pay ratio firms is significantly more pronounced with stronger stakeholder influences, proxied … influences of shareholders. Using state-level pay ratio tax proposals as another proxy for stakeholder influence, we find high … ratios in other states. Overall, our results highlight the influence of corporate stakeholders in mitigating high CEO …
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Local amenities are an important factor in the location choice of households. Heterogeneity in preferences of households tends to sort households over different locations which satisfy best their preferences given their constraints. In this paper, we analyze the effect of cultural heritage on...
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