The purpose of the paper is to show that the nature of the relationship between governance and democracy varies depending on how the two terms (of a political discourse) are defined, that when the definition of one term encompasses distinctive features of the other we find that governance and...

Florian Dorn erstellte diesen Beitrag während seines Promotionsstudiums an der Universität München (LMU). Die Studie wurde im September 2020 abgeschlossen und von der Fakultät für Volkswirtschaftslehre als Dissertation angenommen. Die Dissertation trägt zur Empirie der Ökonomie des...

The globalisation of the economy goes along with numerous kinds of uncertainty and requires adequate institutional designs in order to avoid disadvantageous situations from the actors' points of view. Institutional designs usually consist of a mix of different institutions that are adapted to...

The Sustainable Development Goals (SDGs) are increasingly used by corporations for benchmarking and communicating their sustainability performance. The SDGs have several features that make them attractive for this purpose, including their universality, specificity and, in many cases, direct...

This study examines 147 banking crises in the period of 1976-2011 documented by the International Monetary Fund. The countries affected by crises are analysed in respect of publicly available World Bank indicators in the periods of three years before the crises. Machine learning methodology for...

The starting point for the research has been the list of 147 banking crises within the period 1976–2011 prepared by the International Monetary Fund. The countries with crises have been analysed with respect to publicly available World Bank indicators in the periods of three years before the...

Does state ownership hinder or help firms access credit? We use data on almost 4 million firms in 89 countries to study the relationship between state ownership and corporate leverage. Controlling for country-sector-year fixed effects and conventional firm-level determinants of leverage, we show...

Does state ownership hinder or help firms access credit? We use data on almost 4 million firms in 89 countries to study the relationship between state ownership and corporate leverage. Controlling for country-sector-year fixed effects and conventional firm-level determinants of leverage, we show...