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Investor protection and the value of shares: evidence from statutory rules governing variations of shareholders' class rights in Russia

Muravyev, Alexander - 2009

This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...

Persistent link: https://www.econbiz.de/10010269433

Investor Protection and the Value of Shares: Evidence from Statutory Rules Governing Variations of Shareholders' Class Rights in Russia

Muravyev, Alexander - Institute for the Study of Labor (IZA) - 2009

Persistent link: https://www.econbiz.de/10008497016

Mafias and Firms

Arellano-Bover, Jaime; De Simoni, Marco; Guiso, Luigi; … - 2024

Infiltration of the legal economy by criminal organizations (OCGs) is potentially significant, though how pervasive remains uncertain. Beyond the volume, the motives driving infiltration are of serious policy concern. We introduce a conceptual framework to differentiate between OCGs' motives for...

Persistent link: https://www.econbiz.de/10014533998

When it's (mostly) the taking part that counts: the post-application consequences of employment tribunal claims

Drinkwater, Stephen; Latreille, Paul L.; Knight, K.G. Ben - 2008

This paper uses the 2003 Survey of Employment Tribunal Applications to examine the post-application employment consequences for individuals registering complaints to Employment Tribunals following dismissal or redundancy. In examining this issue, we consider a number of pieces of evidence: (i)...

Persistent link: https://www.econbiz.de/10010268684

Diagnosing discrimination: stock returns and CEO gender

Wolfers, Justin - 2006

A vast labor literature has found evidence of a glass ceiling, whereby women are under-represented among senior management. A key question remains the extent to which this reflects unobserved differences in productivity, preferences, prejudice, or systematically biased beliefs about the ability...

Persistent link: https://www.econbiz.de/10010269221

Contingent convergence: a comparative analysis of activation policies

Eichhorst, Werner; Konle-Seidl, Regina - 2008

principles, instruments, target groups and governance in Germany, France, the Netherlands, Switzerland, the United Kingdom, the …

Persistent link: https://www.econbiz.de/10010269141

On the role of sectoral and national components in the wage bargaining process

Dreger, Christian; Reimers, Hans-Eggert - 2010

This paper provides an empirical analysis on the determination of wages at the sectoral level in main industrial economies. Nominal wages are bargained between labour unions and employers in imperfect competitive markets, where spillovers across sectors might occur. Using a principal component...

Persistent link: https://www.econbiz.de/10010269817

Self-Selection into export markets by business services firms: Evidence from France, Germany and the United Kingdom

Temouri, Yama; Vogel, Alexander; Wagner, Joachim - 2010

comparable enterprise level data from France, Germany, and the United Kingdom. Exporters are more productive and pay higher wages … significantly smaller in Germany, significantly larger in France, and does not differ significantly in the UK. The results for wages … services firms into exporting does not show up among firms from France and the UK where no statistically significant …

Persistent link: https://www.econbiz.de/10010274711

Work hours constraints and health

Bell, David; Otterbach, Steffen; Sousa-Poza, Alfonso - 2011

Germany and the United Kingdom. Based on nationally representative longitudinal data, our results show that work …

Persistent link: https://www.econbiz.de/10010282274

The French unhappiness puzzle: The cultural dimension of happiness

Senik, Claudia - 2011

-negligible importance in explaining international heterogeneity in happiness. In some countries, such as France, they are responsible for 80 …

Persistent link: https://www.econbiz.de/10010286851