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Corruption as a barrier to entry: Theory and evidence
Campos, Nauro F.; Estrin, Saul; Proto, Eugenio - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First …, by arguing that corruption matters not so much because of the value of the bribe (tax), but because of another less … studied feature of corruption, namely bribe unavoidability. Second, we argue that the social costs of corruption arise not …
Persistent link: https://www.econbiz.de/10010274698
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Corruption as a barrier to entry : theory and evidence
Campos, Nauro; Estrin, Saul; Proto, Eugenio - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First …, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less … studied feature of corruption, namely bribe unavoidability. Second, we argue that the social costs of corruption arise not …
Persistent link: https://www.econbiz.de/10009153607
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Corruption as a Barrier to Entry : Theory and Evidence
Campos, Nauro F. - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First …, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less … studied feature of corruption, namely bribe unavoidability. Second, we argue that the social costs of corruption arise not …
Persistent link: https://www.econbiz.de/10013136941
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Legal Institutions and Firm Performance in Brazil
Mueller, Bernardo - 2017
This paper analyses the specific mechanisms through which legal institutions and the Rule of Law affect firm performance using survey evidence from a sample of about 100 Brazilian firms in the textile and electronics industries. The data provide firms' perceptions of whether judicial...
Persistent link: https://www.econbiz.de/10012940968
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"Corporate Scene Investigation": A Praxeological Attempt to Sketch the Profile of the Entrepreneur in Modern Business
Jora, Octavian-Dragomir; Topan, Mihai-Vladimir; … - In: Amfiteatru Economic Journal 17 (2015) 38, pp. 456-473
Mature capitalism and market economy realities become intelligible also by scrutinizing their "prodigal children": modern business corporations. But these are not some undivided entities. Beyond the place in the global division of labour, they are fiefs of in-built specialization among the...
Persistent link: https://www.econbiz.de/10011724953
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Regulatory compliance with limited enforceability: Evidence from privacy policies
Ganglmair, Bernhard; Krämer, Julia; Gambato, Jacopo - 2024
The EU General Data Protection Regulation (GDPR) of 2018 introduced stringent transparency rules compelling firms to disclose, in accessible language, details of their data collection, processing, and use. The specifics of the disclosure requirement are objective, and its compliance is easily...
Persistent link: https://www.econbiz.de/10014506958
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"Corporate Scene Investigation" : a praxeological attempt to sketch the profile of the entrepreneur in modern business
Jora, Octavian-Dragomir; Topan, Mihai-Vladimir; … - In: Amfiteatru economic : an economic and business research … 17 (2015) 38, pp. 456-473
Mature capitalism and market economy realities become intelligible also by scrutinizing their “prodigal children”: modern business corporations. But these are not some undivided entities. Beyond the place in the global division of labour, they are fiefs of in-built specialization among the...
Persistent link: https://www.econbiz.de/10011820306
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Exclusionary Bundled Discounts and the Antitrust Modernization Commission
Hovenkamp, Herbert - 2017
A bundled discount occurs when a seller charges less for a bundle of goods than for its components when sold separately. A characteristic of such discounting is that a rival who makes only one of the products in the bundle may have to give a larger per item discount in order to compensate the...
Persistent link: https://www.econbiz.de/10012706711
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Fiduciary Principles in Investment Advice
Laby, Arthur B. - 2019
The importance of investment advisers to the financial well-being of their clients cannot be overstated. Individuals and institutions entrust trillions of dollars to investment advisers to manage on their behalf. This paper discusses and explains fiduciary principles in investment advice....
Persistent link: https://www.econbiz.de/10012862365
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AI and Board Within Italian Corporate Law : Preliminary Notes
Mosco, Gian Domenico - 2020
Artificial Intelligence (hereafter: AI) is transforming our everyday life in many important respects. The corporate realm is no exception. Many corporations cannot avoid facing the variety of issues raised by the increasing importance that AI plays within firms. Can an AI-based system be...
Persistent link: https://www.econbiz.de/10012842334