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The effect of public sector efficiency on firm-level productivity growth : the Italian case
Fadic, Milenko; Garda, Paula; Pisu, Mauro - 2019
This paper investigates the causal effect of public administration efficiency on firm-level productivity. To this … purpose, we combine newly available data from Italy on public administration efficiency of subnational governments with geo … administration efficiency and firm productivity because of large and persistent spatial disparities in economic performance and local …
Persistent link: https://www.econbiz.de/10012111119
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Reforming the large business groups to promote productivity and inclusion in Korea
Jones, Randall Sidney - 2018
Large business groups, which played a key role in Korea's economic development, are still dominant today, especially in exporting. The concentration of economic power creates a number of problems and risks. Ensuring a level-playing field between the business groups, also called chaebols, and...
Persistent link: https://www.econbiz.de/10011914658
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International trade and investment by state enterprises
Kowalski, Przemyslaw; Perepechay, Kateryna - 2015
The recent surge in competition between state and private firms in global markets calls for a reflection on how to minimise any potentially distortionary effects on international trade and investment created by state enterprises while at the same time restraining any undue protectionist policy...
Persistent link: https://www.econbiz.de/10011403604
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Banks' restructuring and smooth deleveraging of the private sector in Slovenia
Havrylchyk, Olena - 2013
Slovenia is facing the legacy of a boom-bust cycle that has been compounded by weak corporate governance of state-owned banks. The levels of non-performing loans and capital adequacy ratios compare poorly in international perspective and may deteriorate further, which could require significant...
Persistent link: https://www.econbiz.de/10009767739
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Boosting firm dynamism and performance in China
Molnár, Margit - 2017
and focus more on efficiency and sustainability. This need is further intensified by mounting environmental pressures and …
Persistent link: https://www.econbiz.de/10011732705
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Corporate governance and firm performance in China
Molnár, Margit; Wang, Baolin; Chen, Wenhao - 2017
A key priority in China’s “new normal” period -- where returns on investment are slackening -- is corporate governance, which could lead to enhanced productivity by a better management of resources at the firm level. Corporate governance principles for listed firms follow global best...
Persistent link: https://www.econbiz.de/10011732750
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The corporate equity puzzle
Brutscher, Philipp-Bastian; Hols, Christopher - 2018
Why don't non-financial companies in Europe issue more equity? Using experimental data on firms from Europe, this paper analyses how firms trade-off between debt and external equity financing. It finds that firms are willing to pay a substantial premium on debt when presented with an equity...
Persistent link: https://www.econbiz.de/10011820863
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What drives the performance of Swedish lower secondary schools?
André, Christophe; Pareliussen, Jon; Hwang, Hyunjeong - 2019
This paper presents the econometric analysis of lower secondary school performance carried out for the chapter on education of the 2019 OECD Economic Survey of Sweden. The dataset covers most Swedish schools providing education for 9th graders. Student socio-economic background has a...
Persistent link: https://www.econbiz.de/10012202935
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Efficiency estimates of health care systems
Medeiros, João; Schwierz, Christoph - 2015
Persistent link: https://www.econbiz.de/10011288462
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The variance risk premium and capital structure
Lotfaliei, Babak - 2018
This paper investigates how the asset-return variance risk premium changes leverage. I find that the premium lowers leverage by increasing risk-neutral bankruptcy probability and costs in a model where asset returns have stochastic variance with risk premium. Empirically, the model calibrations...
Persistent link: https://www.econbiz.de/10011848389