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Persistent link: https://www.econbiz.de/10010961513
We investigate the determinants of regional development using a newly constructed database of 1569 sub-national regions from 110 countries covering 74 percent of the world?s surface and 96 percent of its GDP. We combine the cross-regional analysis of geographic, institutional, cultural, and...
Persistent link: https://www.econbiz.de/10010961517
Persistent link: https://www.econbiz.de/10000648199
Intro -- Contents -- Preface -- Introduction -- Political Control of Economic Activity -- Paths to Efficient Ownership -- The Russian Privatization Program -- Results of Russian rivatization -- From Privatization to Restructuring -- Conclusion -- Index.
Persistent link: https://www.econbiz.de/10012680313
We present a model of succession in a firm owned and managed by its founder. The founder decides between hiring a professional manager or leaving management to his heir, as well as on how much, if any, of the shares to float on the stock exchange. We assume that a professional is a better...
Persistent link: https://www.econbiz.de/10011597776
We present new data on effective corporate income tax rates in 85 countries in 2004. The data come from a survey, conducted jointly with PricewaterhouseCoopers, of all taxes imposed on "the same" standardized mid-size domestic firm. In a cross-section of countries, our estimates of the effective...
Persistent link: https://www.econbiz.de/10012562525
Insolvency practitioners from 88 countries describe how debt enforcement will proceed against an identical hotel about to default on its debt. We use the data on time, cost, and the likely disposition of the assets (preservation as a going concern vs. piecemeal sale) to construct a measure of...
Persistent link: https://www.econbiz.de/10012562526
We present a new measure of legal protection of minority shareholders against expropriation by corporate insiders: the anti-self-dealing index. Assembled with the help of Lex Mundi law firms, the index is calculated for 72 countries based on legal rules prevailing in 2003, and focuses on private...
Persistent link: https://www.econbiz.de/10012562527
We collect data on the rules and practices of financial and conflict disclosure by members of Parliament in 175 countries. Although two-thirds of the countries have some disclosure laws, less than one-third make disclosures available to the public, and less than one-sixth of potentially useful...
Persistent link: https://www.econbiz.de/10012562528
Frontmatter -- CONTENTS -- ACKNOWLEDGMENTS -- Introduction -- CHAPTER 1 The Financial Crisis of 2008 -- CHAPTER 2 What Were They Thinking? -- CHAPTER 3 A Neglected Risk Model of the Financial Crisis -- CHAPTER 4 Extrapolation in Financial Markets -- CHAPTER 5 Representativeness and Diagnostic...
Persistent link: https://www.econbiz.de/10014481461