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providers, but a guideline is that the regime that provides higher incentives for infrastructure investments is more efficient …
Persistent link: https://www.econbiz.de/10010593240
In the face of changes in corporate regulation scholarship, the percepts of corporate governance and legal policies … principles to be implemented through legal regulation. Scholars and current practices, however, emphasize that this …
Persistent link: https://www.econbiz.de/10010593247
The Investment Canada Act (the Act) is to provide for the review of significant investments in Canada by non-Canadians in order to ensure benefit to Canada. The legislation describing the ¡®review function' and associated rules is complex, and as such, this document is intended to serve as an...
Persistent link: https://www.econbiz.de/10010593262
The Investment Canada Act (the Act) is to provide for the review of significant investments in Canada by non-Canadians in order to ensure benefit to Canada. The legislation describing the ¡®review function' and associated rules is complex, and as such, this document is intended to serve as an...
Persistent link: https://www.econbiz.de/10010593281
This study provides an overview of policy measures targeting pharmaceutical expenditure in Europe and analyses their impact on originator pharmaceutical prices. Panel data methods are used to examine the market of ACE Inhibitors in six European countries (Denmark, France, Germany, Netherlands,...
Persistent link: https://www.econbiz.de/10010593421
We analyze the effects of corruption and institutional quality on the quality of business regulation. Our key findings … indicate that corruption negatively affects the quality of regulation and that general institutional quality is insignificant … historical and geographic controls. The findings imply that policy makers can focus on curbing corruption to improve regulation …
Persistent link: https://www.econbiz.de/10010593440
If short sellers can destroy firm value by manipulating prices down, an informed blockholder has a powerful natural incentive to protect the value of his stake by trading against them. However, he also has a potentially conflicting incentive to use his information to generate trading profits. We...
Persistent link: https://www.econbiz.de/10010593825
We argue that institutional change moves through stages punctuated by recurring attempts to formally redefine the boundaries and logics of organizational fields that institutional entrepreneurs initially establish. With a grounded theory model, we demonstrate that institutional change in...
Persistent link: https://www.econbiz.de/10010593971
Credit default swaps (CDSs) are thought to ease borrowing by protecting lenders against default. This paper develops a model of the demand for CDS when borrowers choose the riskiness of investment and verification is imperfect. The model shows that CDSs may lead to risk-shifting, increasing the...
Persistent link: https://www.econbiz.de/10010594164
This paper examines the impact of a detailed national disclosure standard on the quality of firms' overall risk reviews under IFRS. We use data from a sample of listed Finnish firms around the introduction of the standard and find that national regulatory bodies have been able to raise the...
Persistent link: https://www.econbiz.de/10010594252