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Ownership, Control and Corporate Performance After Large-Scale Privatization
Hanousek, Jan; Ko?enda, Evžen; Svejnar, Jan - 2004
We analyze the effects of ownership type and concentration on performance of a population of firms in a model large-scale privatization economy (Czech Republic). Using specifications based on first-differences and unique instrumental variables, we find that few types of private ownership improve...
Persistent link: https://www.econbiz.de/10009477240
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NetBill: an Internet Commerce System Optimized for Network-Delivered Services
Sirbu, Marvin A.; Tygar, J. D. - 2005
Internet continues, more people rely on networks for timely information. However, since most information on the Internet today …. There are many potential providers who could sell information on the Internet and many potential consumers for that …
Persistent link: https://www.econbiz.de/10009441148
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The Role of Market Power in Agricultural Contracts
Cordero Salas, Paula - 2009
efficiency. In contexts where enforcement institutions are weak,a standard assumption from existing theories of relational …
Persistent link: https://www.econbiz.de/10009444723
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Are credit unions in Ecuador achieving economies of scale?
Marchio, Nick A - 2009
This study tests the assertion that membership growth in credit unions is constrained by their unique structural features, such as their non-profit mission and member-based ownership. Although these features enhance inclusiveness, existing theory suggest that they work against efficiency when...
Persistent link: https://www.econbiz.de/10009429048
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The Allocation and Monitoring Role of Capital Markets: Theory and International Evidence
Tadesse, Solomon - 2003
Capital markets perform two distinct functions: provision of capital and facilitation of good governance through information production and monitoring. I argue that the governance function has more impact on the efficiency with which resources are utilized within the firm. Based on industry...
Persistent link: https://www.econbiz.de/10009476803
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The Allocation and Monitoring Role of Capital Markets: Theory and International Evidence
Tadesse, Solomon - 2003
Capital markets perform two distinct functions: provision of capital and facilitation of good governance through information production and monitoring. I argue that the governance function has more impact on the efficiency with which resources are utilized within the firm. Based on industry...
Persistent link: https://www.econbiz.de/10009476906
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ON INSTITUTIONAL REFORMS AND THE ALLOCATION OF ENTREPRENEURSHIP IN RUSSIA’S TRANSITION
Petrick, Martin - 2010
Der Transformationsprozess Russlands von einer zentralstaatlich geplanten Volkswirtschafthin zu einer Marktwirtschaft nach westlichem Vorbild liefert eine aufschlussreiche Fallstudieüber die von William Baumol (1990) vertretene These der institutionellen Steuerbarkeit vonproduktivem...
Persistent link: https://www.econbiz.de/10009442729
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Credit Constraints, Organizational Choice, and Returns to Capital: Evidence from a Rural Industrial Cluster in China
Ruan, Jianqing; Zhang, Xiaobo - 2009
Traditional economic theory posits that a well functioning capital market is a necessary condition for industrialization and economic growth. However, in reality it is observed that micro and small enterprises are ubiquitous because entrepreneurs can set up business in low-return activities with...
Persistent link: https://www.econbiz.de/10009444782
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Essays On Entrepreneurial Financing
Jia, Ye - 2011
the first chapter, by quantitatively evaluating the impact of different personal bankruptcy regimes on entrepreneurship in … a life-cycle model with occupational choices, I conclude that personal bankruptcy law affect entrepreneurship mainly …-bankruptcy punishments have the largest impact on entrepreneurship compared to variations in other dimensions of the bankruptcy regime. In …
Persistent link: https://www.econbiz.de/10009447241
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The Internationalization of Small and Medium-Sized Enterprises: A Policy Perspective
Acs, Zoltan J.; Morck, Randall K.; Shaver, J. Myles; … - 1997
Small and medium sized firms play an important role in the process of creative destruction. The focus of the paper is on the international diffusion of small and medium sized firms innovations. Small and medium sized firms face two challenges in globalization: property rights protection and...
Persistent link: https://www.econbiz.de/10009477262