Showing 1 - 10 of 11
Simple exchange experiments have revealed that participants trade their endowment less frequently than standard demand theory would predict. List (2003a) finds that the most experienced dealers acting in a well-functioning market are not subject to this exchange asymmetry, suggesting that a...
Persistent link: https://www.econbiz.de/10010635097
This paper investigates the impact of ownership structure and contractual choices on technical efficiency in the French … ownership regime and contractual practices are key determinants of performances.To test this proposition, we use an original … operators depends on the ownership regime and on the type of contract governing their transactions. …
Persistent link: https://www.econbiz.de/10010750357
and evaluate the impact of alternative ownership models, together with the degree of ownership concentration, on their … ownership concentration does not significantly affect a bank's profitability, a higher ownership concentration is associated … composition and funding mix, indicate a different financial intermediation model for the different ownership forms. …
Persistent link: https://www.econbiz.de/10010696615
The initial view of the advantages of ownership concentration in joint stock companies was determined by the concern … shifts the focus of concern: excessive ownership concentration may stifle managerial initiative. This may be particularly … activities. I explore the determinants of ownership concentration and the relationship between ownership structure and firm value …
Persistent link: https://www.econbiz.de/10010738833
This paper explores the relationship between ownership structure and firm value in a transition economy. It … ownership concentration are beneficial for firm performance. They also show that in high-tech firms, higher ownership …
Persistent link: https://www.econbiz.de/10010738964
This paper analyzes the effect of statutory tax rates on the location of Japanese capital in emerging countries. Considering the fact that the difference between Japan and foreign tax rates can engender transfer pricing manipulation to diminish tax liabilities, and that some firms are more able...
Persistent link: https://www.econbiz.de/10010929092
This paper analyzes the effect of statutory tax rates on the location of Japanese capital in emerging countries. Considering the fact that the difference between Japan and foreign tax rates can engender transfer pricing manipulation to diminish tax liabilities, and that some firms are more able...
Persistent link: https://www.econbiz.de/10011025530
The leveraging of control is the possibility for the controlling shareholder to lower her direct participation in capital through a convergence of financial and economic interest with other shareholders or would-be shareholders in the firm. In this paper, the setting of a coalition contract is...
Persistent link: https://www.econbiz.de/10009650748
-up renouncements for firms with priorconcentrated ownership. For these firms, the favourable ownership dispersion effectoffsets the …
Persistent link: https://www.econbiz.de/10008791448
) while prior studies have been undertaken in the United States, in a context of ownership dispersion and high investor … on the 2001-2004 period, we find a negative relation between disclosure level and both ownership and control …
Persistent link: https://www.econbiz.de/10008793309