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From European integration to domestic politics to the development of the global economy, technocracy and private ordering have shaped economic behaviour. Such transformative private-driven forces of economic activity flourished through the promulgation of voluntary standards. In view of the...
Persistent link: https://www.econbiz.de/10012794045
Loan tranching allows banks to manage risk and facilitate firm financing, which may be essential for firms that cannot access investors from stock markets. We analyze the determinants and benefits of loan tranching by pooling the tranches of individual loans to create the largest cross-country...
Persistent link: https://www.econbiz.de/10012869587
We examine the impact of international venture capital investors on private firm success spanning 69 countries over the years 1995-2010. The data examined indicate that, relative to deals in which the investor base is purely domestic, private firms that have an international venture capital...
Persistent link: https://www.econbiz.de/10012904883
This article elaborates on the role of personal remittances and Foreign Direct Investment (FDI) as the forms of international private aid most compatible with sustainable economic growth and development. We argue that remittances and FDIs are not only the most prevalent forms of private aid, but...
Persistent link: https://www.econbiz.de/10012822952
This paper presents new evidence about privatisation processes and their determinants from a panel of 34 countries over the 1977-99 period. The empirical analysis shows that privatisation takes place typically in wealthy and democratic countries, endowed with deep and liquid stock markets, and...
Persistent link: https://www.econbiz.de/10011400889
The growth of the hedge fund industry and the proliferation of retail alternative funds in combination with the fundamental reshaping of the regulatory landscape for the hedge fund industry suggest that mutual funds are becoming more like hedge funds as a matter of investment strategy while...
Persistent link: https://www.econbiz.de/10013001518
In the aftermath of the Global Financial Crisis, legislators, regulators and journalists have focused on "bad" corporate governance as one root of the evil visited on the global financial system, and "good" or "improved" corporate governance as one of the remedies for repair. This short writing...
Persistent link: https://www.econbiz.de/10013153784
international cartels discovered anywhere in the world from January 1990 to the end of 2005. Measured in real 2005 money, aggregate … larger, longer lasting, and more injurious than other types. In the early 2000s world-wide corporate penalties stabilized at … cartelists. World wide, median real cartel penalties of all types amounted to about 20% of overcharges …
Persistent link: https://www.econbiz.de/10012731400
Private market professionals, national regulators, and ministry officials have formed numerous informal international bodies commonly called transnational regulatory networks. Their goal: to produce standards and convince governments to adopt them voluntarily as domestic laws. How do they...
Persistent link: https://www.econbiz.de/10013045479
Privatisation, i.e. the transfer of ownership and control of state-owned enterprises, is a worldwide phenomenon. Which political, economic and institutional factors are shaping this process? This paper addresses the issue presenting new evidence from a sample of 49 countries. From an empirical...
Persistent link: https://www.econbiz.de/10013321198