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This paper presents empirical results of the effects of board structure and composition on individual board level performance using data from New York City nonprofits. The results support a model of executive behavior in which the nonprofit executive uses his or her power to push boards towards...
Persistent link: https://www.econbiz.de/10005748790
This paper offers an empirical test of ownership mix efficiency in the U.S. nursing home industry. We test to compare the benefits of quality assurance with the costs from the attenuation of property rights that result from an increased presence of nonprofit organizations. The empirical results...
Persistent link: https://www.econbiz.de/10005575618
This paper develops a theoretical model that determines the optimal ownership arrangement in an imperfect market and government institutional environment, especially in transitional economies. It studies the interdependence of institutional environments and ownership arrangements. The theory...
Persistent link: https://www.econbiz.de/10005582029
We consider a mixed oligopoly with a public firm that maximizes the sum of its own profits and consumers' surplus. We characterize the unique pure strategy equilibrium and show that as long as the cost function is not ``too concave'', privatization reduces welfare. We find that while the first...
Persistent link: https://www.econbiz.de/10005621482
Drawing on a unique set of surveys, this article explores the question of whether Russia’s post-communist business associations are generally antithetical to or supportive of the broad objectives of economic restructuring. Contrary to the most widely cited analysis as to the purposes of...
Persistent link: https://www.econbiz.de/10005636211
. However, the results confirmed both managers’ compensation theory and large stakeholders theory. The second proposition is …
Persistent link: https://www.econbiz.de/10005696250
The incomplete nature of contracts governing international transactions limits the extent to which the production process can be fragmented across borders. In a dynamic, general-equilibrium Ricardian model of North-South trade, the incompleteness of international contracts is shown to lead to...
Persistent link: https://www.econbiz.de/10005702638
Using data on U.S. universities, we show that universities that give higher royalty shares to faculty scientists generate greater license income, controlling for university size, academic quality, research funding and other factors. We use pre-sample data on university patenting to control for...
Persistent link: https://www.econbiz.de/10010745860
We use data from approximately 50,000 crowdfunding projects to assess the relative funding performance of for-profit and non-profit campaigns. We find that non-profit projects are significantly more likely to reach their minimum funding goals and that they receive more money from the average...
Persistent link: https://www.econbiz.de/10010776632
During the late 1990s, China introduced the gaizhi process for privatizing state-owned firms. Under gaizhi, insiders could acquire their firms at a price that was based on recent profitability. This gave the managers of firms an incentive to reduce short run profits. We compared the performance...
Persistent link: https://www.econbiz.de/10010666147