Similar Search Results

Competition, Corporate Governance: Substitutes or Complements? Evidence from the Warsaw Stock Exchange

Grosfeld, Irena; Tressel, Thierry - C.E.P.R. Discussion Papers - 2001

In this Paper we analyse the impact of product market competition and ownership structure on corporate performance. We focus on the firms listed on the Warsaw Stock Exchange, which are either privatised or newly created firms. First, we study the separate effects of competition and ownership...

Persistent link: https://www.econbiz.de/10005661646

Globalization and the 'New Enterprise'

Marin, Dalia; Verdier, Thierry - C.E.P.R. Discussion Papers - 2002

Globalization has been identified by many experts as a new way firms organize their activities. This Paper surveys recent work that examines the role of trade integration between similar and dissimilar countries for these changes in corporate organization. It is shown that international...

Persistent link: https://www.econbiz.de/10005662173

The Determinants of Privatized Enterprise Performance in Russia

Angelucci, Manuela; Bevan, Alan; Estrin, Saul; Fennema, … - C.E.P.R. Discussion Papers - 2002

Using data from a large enterprise-level panel designed to address this issue, we account for enterprise performance in Russia. We link performance to four aspects of the economic environment outlined in the literature: enterprise ownership; corporate governance; market structures and competition;...

Persistent link: https://www.econbiz.de/10005666814

After Voucher Privatization: The Structure of Corporate Ownership in Russian Manufacturing Industry

Earle, John S; Estrin, Saul - C.E.P.R. Discussion Papers - 1997

regulation and other state actions, and the heterogeneity of the firm’s productive activities and of its work-force. Finally, we …

Persistent link: https://www.econbiz.de/10005136416

Identifying Industry Margins with Unobserved Price Constraints: Structural Estimation on Pharmaceuticals

Dubois, Pierre; Lasio, Laura - C.E.P.R. Discussion Papers - 2014

chosen in some markets, for example due to regulation. We use our identification strategy to study the effects of regulatory …-ulcer drugs that allows us to explore the drivers of demand, to identify whether regulation in France truly affects margins and … increased over the 2004-2007 period because of new regulation of price setting that reduced branded drugs prices but increased …

Persistent link: https://www.econbiz.de/10011083879

Entry and Regulation - Evidence from Health Care Professions

Schaumans, Catherine; Verboven, Frank - C.E.P.R. Discussion Papers - 2006

The health care professions in Europe have been subject to substantial entry and conduct regulation. Most notably … relevant in light of the renewed attention by competition authorities to liberalize professional regulation. …

Persistent link: https://www.econbiz.de/10005662356

Market Entry and Roll-out With Product Differentiation

Levine, Paul L; Rickman, Neil; Tzavara, Dionisia - C.E.P.R. Discussion Papers - 2002

This Paper examines a general problem exemplified by post-auction (third generation ‘3G’) mobile telecommunications markets and by recent developments in the UK market for postal services. When entering these (or any other) markets, firms must often decide on the degree of coverage...

Persistent link: https://www.econbiz.de/10005124418

On the Role of Banks in Enterprise Restructuring: The Polish Example

van Wijnbergen, Sweder - C.E.P.R. Discussion Papers - 1994

Governments throughout Eastern Europe have been singularly unsuccessful in dealing with large loss-making SOEs. A more promising approach would create an incentive framework and legal environment where the SOE's major non-government creditor can take the lead in initiating restructuring and the...

Persistent link: https://www.econbiz.de/10005498183

Public Debate and Stock Prices: Evidence from the Voting Premium

Braggion, Fabio; Giannetti, Mariassunta - C.E.P.R. Discussion Papers - 2013

An intense debate on the use of limited-voting shares developed in the UK during the 1950s. Using a unique hand-collected dataset, we show that negative news coverage of limited-voting shares is associated with an increase in the relative price of voting and limited-voting shares (the voting...

Persistent link: https://www.econbiz.de/10011084453

The Invisible Hand in Corporate Governance

Chhaochharia, Vidhi; Laeven, Luc - C.E.P.R. Discussion Papers - 2007

We evaluate the impact of firm-level corporate governance provisions on the valuation of firms in a large cross-section of countries. Unlike previous work, we distinguish between governance provisions that are set at the country-level and those that are adopted at the firm-level. We find that...

Persistent link: https://www.econbiz.de/10005067567