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This article suggests how state enterprises can be incorporated into the theoretical and empirical growth literature. Specifically, it shows that if state enterprises are less efficient than private firms, invest less, employ less skilled labor, and are less eager to adopt new technology, then a...
Persistent link: https://www.econbiz.de/10012564009
"National oil companies are big business with about eighty percent of the world's proven oil reserves, and they are … crucial to the world's energy supplies. They are giants, some of the world's largest companies, measured by market … wider consequences of China replacing the United States as the world's leading oil importer. It will be of interest to …
Persistent link: https://www.econbiz.de/10012544370
In this paper, we examine the relation between government ownership and stock price informativeness around the world …
Persistent link: https://www.econbiz.de/10013061324
The continuing proliferation of transnational private regulatory governance challenges conceptions of legal authority, legitimacy and public regulation of economic activity. The transnational law merchant or, lex mercatoria, is a case in point in this context, as it represents a laboratory for...
Persistent link: https://www.econbiz.de/10013064958
We use a unique dataset of 233 privatized firms from 38 countries between 1985 and 2008 to investigate the relation between shareholder identity and earnings quality. We find strong and robust evidence that (residual) state ownership is associated with lower earnings quality. More specifically,...
Persistent link: https://www.econbiz.de/10013066034
State ownership of publicly-traded corporations remains pervasive around the world, and has been increasing in recent …
Persistent link: https://www.econbiz.de/10013092887
We use a unique dataset of 233 privatized firms from 38 countries between 1985 and 2008 to investigate the relation between shareholder identity and earnings quality. We find strong and robust evidence that (residual) state ownership is associated with lower earnings quality. More specifically,...
Persistent link: https://www.econbiz.de/10013099376