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definitively resolve this question. (Fedeli et al., 2017; Visco of the Bank of Italy, 2014). This work introduces new indexes that …
Persistent link: https://www.econbiz.de/10011870278
How does imperfect law enforcement affect drug trafficking, predation on firms, informality, and aggregate production? To quantify it, a general equilibrium occupational model is developed in which there is room for drug trafficking, crime against businesses, and tax evasion in the presence of...
Persistent link: https://www.econbiz.de/10013464817
much scope to improve the design of insolvency regimes in order to reduce the barriers to restructuring of weak firms and … the personal costs associated with entrepreneurial failure. Insolvency regime reform can not only address the … markets. As the zombie firm problem may partly stem from bank forbearance, complementary reforms to insolvency regimes are …
Persistent link: https://www.econbiz.de/10011779088
This paper explores the link between the design of insolvency regimes across countries and laggard firms’ multi …-factor productivity (MFP) growth, using new OECD indicators of the design of insolvency regimes. Firm-level analysis shows that reforms to … insolvency regimes that lower barriers to corporate restructuring are associated with higher MFP growth of laggard firms. These …
Persistent link: https://www.econbiz.de/10011823606
We use data on financially distressed Chinese companies in order to study a debt market where property rights are crudely defined and poorly enforced. To help with identification we use an event where a business-friendly province published new guidelines regarding the administration and...
Persistent link: https://www.econbiz.de/10013555712
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Persistent link: https://www.econbiz.de/10011311170
Persistent link: https://www.econbiz.de/10010364763
The aim of this paper is to investigate, empirically, what components of the public spending imply a decreasing effect on the organized crime and what components create opportunities for the organized crime, discussing also the role of government efficiency. The findings show a strikingly...
Persistent link: https://www.econbiz.de/10011451118
We use a unique and unexplored dataset to investigate the determinants and effects of mafia firms in Italy. Mafia may …
Persistent link: https://www.econbiz.de/10012065142