weaker formal institutions, we argue that retained founder director ownership can lower the transaction costs of external …Ceding ownership to outside investors provides a control dilemma for founders. In less developed capital markets with … ownership reduces information asymmetry vis-à-vis outside minority investors. The reduced information asymmetry is even stronger …

found that influence is associated with larger, government-owned firms that have a high degree of ownership concentration …. In contrast, foreign ownership matters little. It is also found that the extent to which government policies and …

In this chapter, we review land market institutions in the European Union (EU) and their potential impact on land … markets. We first review land tenure-/ownership regulations and find that they vary heavily across EU Member States. Four … types of tenure-/ownership measures are implemented in the EU: to protect the tenant, to protect the owner, to protect the …

inequality, institutions, and economic and infrastructure policies can influence welfare and political stability. Chapter 2 … development. Chapters 5 and 6 contribute to the debate on the effect of political and fiscal institutions on budgeting … institutions and health expenditure; (III) The common interest of health and the economy: Evidence from Covid-19 containment …

quantification of the gains from optimal ownership within multinational firms, by exploiting a major liberalization of China's policy …Seminal theories of the firm posit that firm ownership is allocated to minimize contractual inefficiencies. Yet, it … remains unclear how much the optimal ownership choice affects firm performance in practice. This paper provides a first …

health services. China's recent health reforms call for non-discrimination against private providers and emphasize … Shandong Province, China. The case study draws on three primary sources of data: administrative records; a household survey of …

We investigate ownership effects on capital and adjustments speed to the target capital ratio in China from 2000 to … 2012 and find that state-owned banks hold higher levels of capital than banks of other ownership types. Foreign banks are … banks, while foreign minority ownership results in a faster adjustment process. Capital is positively influenced by …

Reform of 2005. This reform allowed a reduction of government ownership by making government shares tradable. We find that … the impact of government ownership on leverage is dependent on whether the government is the largest shareholder in a firm … and whether the government ownership is through a parent state-owned enterprise. In addition, we document that the largest …

China's fast growth has been accompanied by rising regional inequality, triggering debate over a policy trade …-off between aggregate growth and equity. We set out a three-region model of China in which local government behavior affects local …