Showing 1 - 10 of 20
In order to explain the apparently paradoxical presence of acceptable governance in many non-democratic regimes … propose that population plays a similar role in guaranteeing the quality of governance and redistribution. We argue and … threat to a dictatorship, inducing it to yield to more redistribution and better governance. We bring this centered concept …
Persistent link: https://www.econbiz.de/10009363276
This paper develops a new insight enabling the empirical study of media capture: minority shareholders of newspapers and readers face similar risks. Both are adversely affected when corrupt insiders use the newspaper for personal profit and receive invisible revenues. This means that relevant...
Persistent link: https://www.econbiz.de/10011083663
shareholders) engage in corporate governance. In classical models, blockholders exert governance through direct intervention in a … governance by extracting private benefits of control or pursuing objectives other than firm value maximization. I highlight the …
Persistent link: https://www.econbiz.de/10011084247
Motivated by a novel stylized fact -- countries with isolated capital cities display worse quality of governance -- we … ways: broader power sharing (associated with better governance) means that any rents have to be shared more broadly, hence … capital city allows the elite to appropriate a larger share of output, so the costs of better governance for the elite, in …
Persistent link: https://www.econbiz.de/10011084326
order to examine this question, we designed a behavioral measure of the population’s desire for better governance. A … countries with better governance, especially return migrants. …
Persistent link: https://www.econbiz.de/10008854468
different ownership and governance structures. The empirical results indicate significant financial constraints even among the …
Persistent link: https://www.econbiz.de/10005791387
This paper discusses proposed governance reforms of legal services markets. The model distinguishes between a status … quo position supported by a system of professionally enforced collective reputation and forms of governance based more …
Persistent link: https://www.econbiz.de/10005791750
The focus of policy reform in developing countries has moved from getting prices right to getting institutions right, and accordingly countries are increasingly being advised to move towards "best-practice" institutions. This paper argues that appropriate institutions for developing countries...
Persistent link: https://www.econbiz.de/10005791758
We analyse bidding incentives and present evidence on takeover premiums in Sweden’s mandatory bankruptcy auctions. The typical auction attracts multiple bidders and results in the firm being sold as a going concern. We model the incentive of the bankrupt firm’s main creditor (a bank) to...
Persistent link: https://www.econbiz.de/10005792429
consumption of richer households by 6.1 to 9.2 percent. We also find suggestive evidence that governance matters in the …
Persistent link: https://www.econbiz.de/10008468658