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firms listing on the OTC Bulletin Board prior to SEC regulation. Underperformance is associated with abnormally high pre …
Persistent link: https://www.econbiz.de/10013008732
rules by private firms are justified. A precedent regulation that exists in the Israeli market provides a unique setting for … of the bond market throughout the milestone of adopting the new regulation. Consistent with this evidence, we also find a …
Persistent link: https://www.econbiz.de/10013046001
We document a political cycle in the investment decisions of state-owned enterprises (SOEs) by using the constitutionally mandated election schedule in India as a source of exogenous variation in politicians' incentive to cater to voters. Using a project-level investment database, we find that...
Persistent link: https://www.econbiz.de/10012904959
Private certification as a means of risk regulation and quality assurance offers advantages over government regulation … institutional advantages over government regulation. Critics of private certification question its legitimacy, asserting that … private regulation is less participatory, transparent, and accountable than government regulation. The article responds to …
Persistent link: https://www.econbiz.de/10013063200
This paper investigates how a Development Authority misused its power to pave way for powerful land mafia to illegally occupy large tracts of land in the Capital city and convert it to housing societies that have no legal value. It turned Islamabad, the capital of Pakistan, once celebrated as a...
Persistent link: https://www.econbiz.de/10013296659
This paper provides evidence on private standards on genetically modified (GM) organisms for 44 retailers operating in 54 countries, distinguishing between retailers not using GM ingredients, and retailers using ingredients which are potentially GM in private label products. Using this...
Persistent link: https://www.econbiz.de/10013063679
. Recognising that regulation is itself costly, and that market contracting, ownership and regulation are partly substitutable forms … contracting, ownership and regulation than does state ownership. Regulation of customer-owned distribution (and transmission) is … ownership has evolved as an effective substitute for regulation. Policy implications are drawn …
Persistent link: https://www.econbiz.de/10014062279
account key institutional features of EU public utilities, such as: a) regulation by agencies with various degrees of …
Persistent link: https://www.econbiz.de/10008729094
We construct a comprehensive panel data of 96 publicly traded European utilities over the period 1994-2005 in order to study the relationship between the capital structure of regulated firms, regulated prices, and investments, and examine if and how this interaction is affected by ownership...
Persistent link: https://www.econbiz.de/10014223408
Transition requires the reallocation of resources across activities through closure of inefficient firms and the creation of new firms. It also requires restructuring of existing firms where improvements in performance are feasible. Both processes are closely tied together and are aimed at...
Persistent link: https://www.econbiz.de/10014191081