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On the inefficiency of pay-as-you-go pension systems in stochastic economies with assets

Böhm, Volker; Hillebrand, Marten - 2007

This paper studies the impact of variations of a pay-as-you-go pension system on welfare in a stochastic overlapping …, for a stationary population, any reduction of contribution rates once and for all leads to a long-run welfare improvement … generated retirement system keeping the welfare losses of current retirees sufficiently small. An unfavorable demographic change …

Persistent link: https://www.econbiz.de/10009452530

Are the regulatory reforms working? [electronic resource] : evidence from audit committee members' selection of auditors

Looknanan-Brown, Veena. - 2011

The Sarbanes-Oxley Act made audit committees directly responsible for the appointment, compensation, and supervision of companies' auditors. Limited research in the auditor selection process and PCAOB inspections suggest that managers, not audit committees, may still be selecting the auditors,...

Persistent link: https://www.econbiz.de/10009431425

The Bottom Line on Board Diversity: A Cost-Benefit Analysis of the Business Rationales for Diversity on Corporate Boards

Fairfax, Lisa M. - 2005

encourage greater diversity on the boards of major corporations. The Article acknowledges the validity of some of the business … rationales for diversity within corporations more generally, but questions whether those rationales apply with as much force in … Article also concludes that while there may be practical reasons for relying on business rationales to encourage corporations …

Persistent link: https://www.econbiz.de/10009432047

14.661 Labor Economics I, Fall 2006

Pischke, Jorn-Steffen; Angrist, Joshua - 2006

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and...

Persistent link: https://www.econbiz.de/10009432547

15.997 Advanced Corporate Risk Management, Spring 2007

Parsons, John E.; Obizhaeva, Anna - 2007

curriculum. From the course home page: Course Description This is a course on how corporations make use of the insights and tools …

Persistent link: https://www.econbiz.de/10009432744

Federalism's Impact on Foreign Direct Investment Inflows

Madhu, Aakash - 2009

skills, knowledge, and capital. Multinational corporations (MNCs) are more likely to invest in countries with lower political …

Persistent link: https://www.econbiz.de/10009438695

Agency and information problems in venture capital markets: an empirical study of the information needs of U.K. investors and the demand for accounting information.

Hassan, Abeer E.; Leece, David - 2007

Full-text of this article is not available in this e-prints service. This article was originally published in Journal of Private Equity, published by and copyright Institutional Investor.

Persistent link: https://www.econbiz.de/10009455086

Corporate Ethics and CEO Compensation

Mack, Martin - 2008

Corporate ethics and chief executive officer (CEO) compensation will be forever linked together. The dramatic increase in recent corporate scandals has driven increased scrutiny of the enormous executive salaries that CEOs collect each year. The connection between these two topics led me to...

Persistent link: https://www.econbiz.de/10009455878

The capital structure practises of listed firms in South Africa

Kasozi, Stephen Jason - 2009

This study examines the divide between finance theory and practice by analysing thesignificance of the determinants of capital structure choice among 123 listed firms on the JSE, todetermine whether these firms follow the trade-off theory or the pecking-order theory.Data obtained from...

Persistent link: https://www.econbiz.de/10009457733

The Diminishing Effect of Cultural Distance on Subsidiary Control

Wilkinson, Timothy J.; Peng, George Z.; Brouthers, Lance; … - 2008

This paper explores the diminishing influence of national cultural distance on two subsidiary control issues, expatriate staffing and parent company ownership level of the foreign subsidiary. Previous studies have produced conflicting findings: one stream of research argues that when cultural...

Persistent link: https://www.econbiz.de/10009459056