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Hardening a soft budget constraint through upward devolution to a supranational institution: The case of Italian state-owned firms and the European Union

Bertero, Elisabetta; Rondi, Laura - 2002

This paper contributes to the literature on the role of decentralization in hardening the budget constraint of public enterprises. Following Qian and Roland the study adopts a ‘federalist’ approach. However, it interprets federalism as the upward devolution of domestic economic policies to a...

Persistent link: https://www.econbiz.de/10010279332

Hardening a soft budget constraint through "upward devolution" to a supranational institution : the case of Italian state-owned firms and the European Union

Bertero, Elisabetta (contributor); Rondi, Laura (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001659521

Hardening a soft budget constraint through 'upward devolution' to a supranational institution : the case of Italian state-owned firms and the European Union

Bertero, Elisabetta; Rondi, Laura - 2002

Persistent link: https://www.econbiz.de/10001660292

Hardening a Soft Budget Constraint Through 'Upward Devolution' to a Supranational Institution: The Case of Italian State-Owned Firms and the European Union

Bertero, Elisabetta; Rondi, Laura - World Institute for Development Economic Research … - 2002

Persistent link: https://www.econbiz.de/10005059804

Are EU leading firms returning to core business? : Evidence on refocusing and relatedness in a period of market integration

Rondi, Laura; Vannoni, Davide - In: Review of industrial organization : RIO 27 (2005) 2, pp. 125-145

Persistent link: https://www.econbiz.de/10003150529

European integration and the changing structure of EU manufacturing, 1987 - 1993

Davies, Stephen; Rondi, Laura; Sembenelli, Alessandro - In: Industrial and corporate change 10 (2001) 1, pp. 37-75

Persistent link: https://www.econbiz.de/10001567978

Firm Diversification in the European Union: New Insights on Return to Core Business and Relatedness

Rondi, Laura; Vannoni, Davide - Istituto di Ricerca sulla Crescita Economica … - 2002

According to ex-ante expectations, one effect of the increased competitive pressure within the Single Market was to drive firms to reduce diversification and refocus on their core business. This paper addresses two main questions: the extent and the purpose of multi-product strategies. Using a...

Persistent link: https://www.econbiz.de/10009386282

Are EU Leading Firms Returning to Core Business? Evidence on Refocusing and Relatedness in a Period of Market Integration

Rondi, Laura; Vannoni, Davide - In: Review of Industrial Organization 27 (2005) 2, pp. 125-145

This paper tests, for 108 diversified EU manufacturing leaders faced by the EU integration shock (1987–1997), if firms responded to increased competitive pressure by readjusting their industry-mix around a core of related activities. Our results show that, in spite of limited reduction in...

Persistent link: https://www.econbiz.de/10005701954