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Previous tests of the endowment effect have usually observed WTA-WTP disparities. Here, a public good experiment is employed. Both account framing and duration framing treatments are introduced to alter subjects’ perceived control over an initial endowment. Results do not indicate that...
Persistent link: https://www.econbiz.de/10005124956
, this paper explores the relationship between firm performance and ownership in Central and Eastern Europe (CEE) and the …
Persistent link: https://www.econbiz.de/10005407689
models of investment and test if investment behavior varies across categories of ownership and with the legal status of firms … ownership-legal form categories of firms. Retained profit is found to be a major determinant of new investment and the estimate … owned-limited liability companies and foreign owned and mixed ownership firms. These results are consistent with the …
Persistent link: https://www.econbiz.de/10005407697
The objective in this paper is to improve the existing evidence regarding the role ownership plays in economic … modeling, state ownership is explicitly introduced into the simple model of the financially constrained firm in order to trace … per unit of output and that liable for their relative inefficiency were technical, allocative and ownership reasons by …
Persistent link: https://www.econbiz.de/10005077061
The upgrading of the Greek capital market and the effort to join other mature capital markets has posed corporate governance reform as a first priority. In addition, the 2004 Olympic Games put the Greek market in the international spotlight and will likely invite interest from foreign investors....
Persistent link: https://www.econbiz.de/10005561586
Questo paper considera il venture capital come forma di finanziamento che si realizza in quegli ambienti dove i fallimenti di mercato causati da problemi informativi sono tali da non rendere possibile l'affermazione di altre istituzioni finanziarie, e dove questa si affermi come unica forma di...
Persistent link: https://www.econbiz.de/10005134755
We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic) ownership improves … some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring by increasing …
Persistent link: https://www.econbiz.de/10005135012
with the help of firm’s financial structure, investments opportunities, dividend history, earnings trend, and the ownership … negatively associated, whereas past investment opportunities exert a positive impact on dividends. Ownership by the corporate and … directors is positively related with dividends payout in level, and corporate ownership is negatively related in square …
Persistent link: https://www.econbiz.de/10005413214
find that the probability of going private grew with a rise in the concentration of foreign ownership, an increase in the …
Persistent link: https://www.econbiz.de/10005077039
development of ownership structure and consequently its effect on a firm's performance Ownership concentration had been quite high … have been the most stable shareholder and recorded the largest ownership gains. Ownership concentration alone does not …
Persistent link: https://www.econbiz.de/10005556293