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Path Dependence, Corporate Governance and Complementarity

Schmidt, Reinhard H.; Spindler, Gerald - 2000

In a series of recent papers, Mark Roe and Lucian Bebchuk have developed further the concept of path dependence, combined it with concepts of evolution and used it to challenge the wide-spread view that the corporate governance systems of the major advanced economies are likely to converge...

Persistent link: https://www.econbiz.de/10010316240

Corporate Governance Convergence: Evidence From Takeover Regulation Reforms in Europe

Goergen, Marc; Martynova, Marina; Renneboog, Luc - School of Economics, Universiteit Utrecht - 2005

This paper contributes to the research on corporate governance by predicting the effects of European takeover regulation. In particular, we investigate whether the recent reforms of takeover regulation in Europe are leading to a harmonization of the national legislations. With the help of 150...

Persistent link: https://www.econbiz.de/10005040861

Shareholder Protection around the World ("Leximetric II")

Siems, Mathias - ESRC Centre for Business Research - 2007

This article analyzes how shareholder protection has developed in 20 countries from 1995 to 2005. In contrast to … its results are that in most countries shareholder protection has improved in the last years; that developed countries … perform better than developing countries in protecting shareholders; that shareholder protection in common law countries is …

Persistent link: https://www.econbiz.de/10005813019

Shareholder Protection: A Leximetric Approach

Siems, Mathias; Lele, Priya - ESRC Centre for Business Research - 2006

In this paper we build a new and meaningful shareholder protection index for five countries and code the development of … shareholder protec-tion has been improving in the last three decades; that the protection of minority against majority … in share-holder protection is taking place since 1993 and is increasing since 2001. Fi-nally, our examination of the …

Persistent link: https://www.econbiz.de/10005162829

Corporate Governance Convergence : Evidence from Takeover Regulation Reforms in Europe

Renneboog, Luc; Goergen, M.; Martynova, M. - Tilburg University, Center for Economic Research - 2005

This paper contributes to the research on corporate governance by predicting the effects of European takeover regulation.In particular, we investigate whether the recent reforms of takeover regulation in Europe are leading to a harmonization of the national legislations.With the help of 150...

Persistent link: https://www.econbiz.de/10011092169

A Corporate Governance Index : Convergence and Diversity of National Corporate Governance Regulations

Renneboog, Luc; Martynova, M. - Tilburg University, Center for Economic Research - 2010

The issue of appropriate corporate governance framework has been a focal point of recent reforms in many countries. This study provides a comprehensive comparative analysis of corporate governance regulatory systems and their evolution over the last 15 years in 30 European countries and the US....

Persistent link: https://www.econbiz.de/10011092184

Convergence and Overtaking in a Dynamic Two Country Model

Sen, Partha; Shimomura, Koji - 2016

In two-sector infinite-horizon trade models with factor–price-equalization, convergence of aggregate capital-labor ratios and incomes does not occur because the Euler equations imply equal growth rate of consumption in all economies. In a two-country dynamic specific factors model, we show...

Persistent link: https://www.econbiz.de/10011522527

Convergence and overtaking in a dynamic two country model

Sen, Partha; Shimomura, Kōji - 2016

Persistent link: https://www.econbiz.de/10011517942

Neoclassical Growth and the Natural Resource Curse Puzzle

Guilló, María Dolores; Pérez-Sebastián, Fidel - Departamento de Métodos Cuantitativos y Teoría … - 2012

The traditional view that natural riches increase the wealth of nations has been recently challenged by empirical findings that point out that natural inputs are negatively related to growth. This paper shows, within a two-sector neo-classical growth model with international trade in goods, that...

Persistent link: https://www.econbiz.de/10010991672

Do the Barcelona agreements allow some convergence of the Moroccan economy? A comparative analysis (In French)

NICET-CHENAF, Dalila - Groupement de Recherches Économiques et Sociales (GRES) - 2008

The study aims at examining the assumption of a “Barcelona agreement” effect on the convergence of Morocco economy. The concept of convergence will be approached according three logics: convergence of Morocco economy towards its own steady state; towards the others countries of the Agreement...

Persistent link: https://www.econbiz.de/10005395063