Showing 1 - 10 of 129
the history of financial market regulation. …
Persistent link: https://www.econbiz.de/10005504579
We present new data on the regulation of entry of start-up firms in 85 countries. The data covers the number of … are extremely high in most countries. Countries with heavier regulation of entry have higher corruption and larger … have lighter regulation of entry. The evidence is inconsistent with public interest theories of regulation, but supports …
Persistent link: https://www.econbiz.de/10005661441
This paper investigates how enforcement of labour regulation affects the firm's use of informal labour, firm size and … level, and administrative data on enforcement of regulation at the city level, we show that in areas where law enforcement …
Persistent link: https://www.econbiz.de/10005661940
Governments that levy predatory regulation and provide few weak legal institutions draw businesses into the unofficial …, we find that retail shops face very high levels of predatory regulation and have frequent contacts with private … protection rackets. In addition, we show that higher levels of regulation are associated with weaker legal institutions and a …
Persistent link: https://www.econbiz.de/10005661996
Using a comprehensive database of firms in Western and Eastern Europe, we study how the business environment in a country drives the creation of new firms. Our focus is on regulations governing entry. We find entry regulations hamper entry, especially in industries that naturally should have...
Persistent link: https://www.econbiz.de/10005662269
exogenous variation in regulation generated by the interaction of reform and its institutional determinants, we find a … health. The results support public choice theory of the nature of regulation and are inconsistent with the predictions of …
Persistent link: https://www.econbiz.de/10005667109
We use a sample of 147 countries to investigate the link between democracy and reforms. Democracy may be conducive to reform, because politicians have the incentive to embrace growth-enhancing reforms to win elections. On the other hand, authoritarian regimes do not have to worry as much about...
Persistent link: https://www.econbiz.de/10005124381
and gas. The Paper argues that there is unfinished business in the areas of regulation, restructuring, encouraging proper … risk management through contracting, and designing markets and regulation to ensure effective and sustainable competition …
Persistent link: https://www.econbiz.de/10005661538
We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant not to compete (CNC) reduces effort and profits under both spot and relational contracts. Having no CNC allows the researcher to leave for a rival. This alleviates a...
Persistent link: https://www.econbiz.de/10005504700
Many of the world’s developed economies have introduced, or are planning to introduce, bank bail-in regimes. Both the planned EU resolution regime and the European Stability Mechanism Treaty involve the participation of bank creditors in bearing the costs of bank recapitalization via the...
Persistent link: https://www.econbiz.de/10011083962