Since the arrival of the World Trade Organization (WTO) in 1995 a number of side agreements have also been negotiated that seek further rationalization of the emerging global economy. Prominent among these is the agreement on trade‐related intellectual property rights (TRIPS). Enforcement of...

Examines empirically the proposition that a large public enterprise sector for an economy acts as an obstacle to a healthy rate of economic growth. The empirical analysis concentrates on the experience of the OECD countries for the years 1965‐85. Single and multiple equation‐models of...

Stock returns are a significant predictor of future capital investment growth and even predict investment growth better than Tobins q. Since the capital investment decision process is fundamental to corporate finance, understanding the potential factors that drive the ability of returns to...