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Hou, Kewei - 2018

In a multiperiod investment framework, firms with high expected growth earn higher expected returns than firms with low expected growth, holding investment and expected profitability constant. This paper forms cross-sectional growth forecasts, and constructs an expected growth factor that yields...

Persistent link: https://www.econbiz.de/10012453011

Economic Development and the Effectiveness of Foreign Aid : A Historical Perspective

Edwards, Sebastian - 2014

that follow a country's history for many decades …

Persistent link: https://www.econbiz.de/10012457981

Industrial Clusters in the Long Run : Evidence from Million-Rouble Plants in China

Heblich, Stephan; Seror, Marlon; Xu, Hao; Zylberberg, Yanos - National Bureau of Economic Research - 2022

We identify negative spillovers exerted by large, successful manufacturing plants on other local production facilities in China. A short-lived alliance between the U.S.S.R. and China led to the construction of 150 "Million-Rouble plants" in the 1950s. Our identification strategy exploits the...

Persistent link: https://www.econbiz.de/10013477236

Privatizing the Privatized

Tornell, Aaron - 1999

restructuring and regulation of monopolies with network externalities …

Persistent link: https://www.econbiz.de/10012471582

Specialization and Regulation : The Rise of Professionals and the Emergence of Occupational Licensing Regulation

Law, Marc T. - 2004

This paper explores the origins and effects of occupational licensing regulation in late nineteenth and early twentieth … century America. Was licensing regulation introduced to limit competition in the market for professional services at the …

Persistent link: https://www.econbiz.de/10012468226

The Rise of the Regulatory State

Glaeser, Edward L. - 2001

During the Progressive Era at the beginning of the 20th century, the United States replaced litigation by regulation as … enforcement strategy between litigation and regulation based on the idea that justice can be subverted with sufficient expenditure … environment of significant inequality of wealth and political power. The switch to regulation can then be seen as an efficient …

Persistent link: https://www.econbiz.de/10012470065

Voluntary Associations, Corporate Rights, and the State : Legal Constraints on the Development of American Civil Society, 1750-1900

Bloch, Ruth H. - 2015

accentuating the role of state courts and legislatures in the creation and regulation of nineteenth-century American nonprofit …

Persistent link: https://www.econbiz.de/10012457513

Revisiting American Exceptionalism : Democracy and the Regulation of Corporate Governance in Nineteenth-Century Pennsylvania

Lamoreaux, Naomi R. - 2014

The legal rules governing businesses' organizational choices have varied across nations along two main dimensions: the number of different forms that businesses can adopt; and the extent to which businesses have the contractual freedom to modify the available forms to suit their needs. Until the...

Persistent link: https://www.econbiz.de/10012458435

The Great Pyramids of America : A Revised History of US Business Groups, Corporate Ownership and Regulation, 1930-1950

Kandel, Eugene - 2013

Most listed firms are freestanding in the U.S, while listed firms in other countries often belong to business groups: lasting structures in which listed firms control other listed firms. Hand-collected historical data illuminate how the present ownership structure of the United States arose: (1)...

Persistent link: https://www.econbiz.de/10012458971

A Brief History of Regulations Regarding Financial Markets in the United States : 1789 to 2009

Komai, Alejandro - 2011

In the United States today, the system of financial regulation is complex and fragmented. Responsibility to regulate …

Persistent link: https://www.econbiz.de/10012461215