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Executive Compensation, Firm Performance, and State Ownership in China: Evidence from New Panel Data*

Kato, Takao; Long, Cheryl - William Davidson Institute, University of Michigan - 2004

This paper provides the first systematic evidence on compensation for executives of firms listed in China’s emerging …, using comprehensive financial and accounting data on China’s listed firms from 1998 to 2002 (data modeled after Compustat … shareholder value in China. The size of the estimated sensitivities imply that a 1000 RMB increase in shareholder value yields a 0 …

Persistent link: https://www.econbiz.de/10005677675

INTERNATIONAL FINANCIAL INTEGRATION AND REAL EXCHANGE RATE LONG-RUN DYNAMICS IN EMERGING COUNTRIES

RAULT, Christophe; CAPORALE, Guglielmo Maria; AMOR, … - William Davidson Institute, University of Michigan - 2009

The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...

Persistent link: https://www.econbiz.de/10008529004

Foreign Exchange Interventions in Croatia and Turkey: Should We Give a Damn?

Égert, Balázs; Lang, Maroje - William Davidson Institute, University of Michigan - 2005

This paper studies the impact of daily official foreign exchange interventions on the exchange rates of two EU candidate countries, namely Croatia and Turkey for the periods from 1996 to 2004 and from 2001 to 2004, respectively. Using the event study methodology and a variety of GARCH models...

Persistent link: https://www.econbiz.de/10005652665

ARE EMERGING ECONOMIES FDI INFLOWS COINTEGRATED WITH FDI INFLOWS OF CHINA? – AN EMPIRICAL INVESTIGATION

Chaitanya, Krishna; Rozas, Emilia Vazquez - William Davidson Institute, University of Michigan - 2008

Emerging economies viz., Brazil, China, India, Mexico and South Africa have seen a tremendous increase in the FDI … inflows in the last one decade. Amongst all, the FDI inflows of China witnessed sharp rise from 1992. As on 2006, China stood …

Persistent link: https://www.econbiz.de/10005677554

Does Institutional Quality Affect Firm Performance? Insights from a Semi-Parametric Approach

Bhaumik, Sumon; Dimova, Ralitza; Kumbhakar, Subal C.; … - William Davidson Institute, University of Michigan - 2012

Using a novel modeling approach, and cross-country firm level data for the textiles industry, we examine the impact of institutional quality on firm performance. Our methodology allows us to estimate the marginal impact of institutional quality on productivity of each firm. Our results bring...

Persistent link: https://www.econbiz.de/10010545915

Does Institutional Quality Affect Firm Performance? Insights from a Semi-Parametric Approach

Bhaumik, Sumon; Dimova, Ralitza; Kumbhakar, Subal C.; … - William Davidson Institute, University of Michigan - 2012

Persistent link: https://www.econbiz.de/10010552177

Social Capital and Entrepreneurial Performance in Russia: A Panel Study

Batjargal, Bat - William Davidson Institute, University of Michigan - 2000

Drawing on the social embeddedness perspective, this paper examines the impact of entrepreneurs' social capital on their firm performance in post-Soviet Russia. Based on face-to-face interviews with 75 Russian entrepreneurs in 1995, and the follow-up study in 1999, the study contrasts the...

Persistent link: https://www.econbiz.de/10005784594

Firm Performance in Bulgaria and Estonia: The effects of competitive pressure and disorganization

Konings, Jozef - William Davidson Institute, University of Michigan - 1998

This paper is concerned with the analysis of firm performance, measured as total factor productivity, using a panel of over 1200 Bulgarian and 200 Estonian firms. The main empirical conclusions are (i) higher Financial and competitive pressure improves firm performance in Bulgaria; (ii)...

Persistent link: https://www.econbiz.de/10005784673

Entrepreneurial Versatility, Resources and Firm Performance in Russia: A Panel Study

Batjargal, Bat - William Davidson Institute, University of Michigan - 2000

Drawing on the Upper-Echelons Perspective and Resource-Based View of the firm this paper explores effects of human-based resources of entrepreneurs, viz., social capital, human capital and entrepreneurial versatility, on firm performance in the context of a large transition economy - the Russian...

Persistent link: https://www.econbiz.de/10005784802

The Effect of Ownership and Competitive Pressure on Firm Performance in Transition Countries: Micro Evidence from Bulgaria, Romania and Poland

Angelucci, Manuela; Estrin, Saul; Konings, Jozef; … - William Davidson Institute, University of Michigan - 2002

This paper uses a unique representative firm level data set to analyse the effect of domestic and international competitive pressure and ownership changes in three emerging economies, Bulgaria Poland and Romania. Our main findings can be summarized as follows: Domestic competitive pressure,...

Persistent link: https://www.econbiz.de/10005677517