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Reddy, Karthik; Schularick, Moritz; Skreta, Vasiliki - 2021

Legal provisions that protect politicians from arrest and prosecution exist throughout much of the modern democratic world. Why, and with what effects, do societies choose to place their politicians above the law? We examine the institution of immunity both theoretically and empirically. Our...

Persistent link: https://www.econbiz.de/10013315702

Regional Political Climate and Individual Portfolios

Mukhamadieva, Marina - 2018

In this paper I investigate the relationship between the local political climate and regional heterogeneity in the portfolio composition of individual investors. I find that right-wing supporters are more likely to participate in financial markets and hold a larger share of their wealth in...

Persistent link: https://www.econbiz.de/10012913299

Trade Unions, Employee Share Ownership and Wage Setting : A Supply-Side Approach to the Share Economy

Renstrom, Thomas I.; Roszbach, Kasper - 1998

Employee share ownership is growing increasingly important. This paper studies employee share ownership in an economy with one monopoly union for each firm. We modify an implicit contract model by adding dividend income to the usual wage income. Union members differ in exogenous stock endowments...

Persistent link: https://www.econbiz.de/10014117162

Strategic Bargaining and Portfolio Choice in Intermediated Markets

Li, Jessica S. - 2023

trading illiquidity. Moreover, terms of trade are negotiated between investors and dealers pursuant to strategic bargaining …. Investors’ intrinsic types affect both their outside options and their bargaining powers. This paper proposes a search …-based theory with strategic bargaining to study investors’ dynamic portfolio choice and equilibrium asset prices in intermediated …

Persistent link: https://www.econbiz.de/10014349557

Politicians' Asset Allocation and Economic Bill Proposals

Choi, Hyun-Soo; Kim, Hugh Hoikwang; Kim, Paul Youngwook - 2022

We study the impact of politicians' asset allocation on their economic bill proposals. Using a novel database of comprehensive financial disclosures of Congress members in South Korea, we find that the Congress members with more real estate assets in their portfolios are less likely to propose...

Persistent link: https://www.econbiz.de/10013298260

Investment choice with polluted capital

Etner, Johanna; Jouvet, Pierre-André - In: Australian economic papers 39 (2000) 4, pp. 465-482

Persistent link: https://www.econbiz.de/10002203330

Does it pay to invest in environmental stocks?

Tzouvanas, Panagiotis; Mamatzakis, Emmanuel C. - In: International review of financial analysis 77 (2021), pp. 1-15

Persistent link: https://www.econbiz.de/10012805897

Selection of multi-criteria energy efficiency and emission abatement portfolios in container terminals

Pohl, Erik; Geldermann, Jutta - In: European journal of operational research : EJOR 316 (2024) 1, pp. 386-395

Persistent link: https://www.econbiz.de/10014574046

Environmental Policy in Vertical Chains with Endogenous Technology Portfolio

Basak, Debasmita; Chioveanu, Ioana - 2023

We analyse the impact of environmental policy in a vertical chain where an upstream monopolist uses a mixed portfolio, consisting of a polluting and a green technology. We examine and compare a no-intervention benchmark, a green subsidy, an abatement tax, a mandatory green standard, and a...

Persistent link: https://www.econbiz.de/10014344679

Climate policy and international capital reallocation

Fourné, Marius; Li, Xiang - Leibniz-Institut für Wirtschaftsforschung Halle - 2024 - This Version: August 22, 2024

This study employs bilateral data on external assets to examine the impact of climate policies on the reallocation of international capital. We find that the stringency of climate policy in the destination country is significantly and positively associated with an increase in the allocation of...

Persistent link: https://www.econbiz.de/10015060805

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