the Netherlands. Our within country analysis generates two key results. First, the role of investor protections emphasized …

Discussion Paper 34 contains information on property relations and profitability of 100 Russian large-scale farm … security contributions for the employees and of the support for household plots and ensuing consequences for the profitability … agreement with the legal rules. A significant nonlinear relationship between acreage and profitability could be confirmed …

Discussion Paper 32 contains information on property relations and profitability of 100 Russian large-scale farm … security contributions for the employees and of the support for household plots and ensuing consequences for the profitability … agreement with the legal rules. A significant nonlinear relationship between acreage and profitability could be confirmed …

more efficient governance structures have higher profitability. To determine efficiency we compare firms with respect to … regressions of profitability. Our main finding is that the efficiency scores indeed contribute significantly to explaining … profitability differences between firms, even after controlling for industry effects and unobserved systematic firm effects. …