Eine verantwortungsvolle Corporate Governance soll dazu beitragen, dass einerseits das Energieunternehmen und andererseits der wesentliche Gesellschafter, die Kommune, bei der Erfüllung ihrer Ziele unterstützt werden. Wie jeder private Anteilseigner strebt die politische Führung einer Kommune...

This working paper examines China’s investment policy since the publication of the 2008 OECD Investment Policy Review of China. China remains the largest recipient of FDI among developing countries and FDI continues to play a disproportionately large role in promoting China’s trade,...

The legal origin literature documents that civil and common law traditions have different impact on rules and economic outcomes. We contribute to this literature by investigating the relationship between corporate social responsibility and legal origins. Consistently with the main differences in...

The trend toward more women on the boards of directors of German companies continued in 2013, albeit on a small scale. The share of women on the supervisory boards of the 200 largest companies increased by more than two percentage points, and thereby at a somewhat higher rate than in recent...

Despite companies' commitment to more women in top-level management, at the end of 2012 only four percent of all seats on the executive boards and 12.9 percent on the supervisory boards of the top 200 companies in Germany were occupied by women. This corresponds to an increase of one percentage...

We develop a game-theoretical model to examine the implications of the introduction of a non-profit "public option" in the U.S. health insurance market, in which a continuum of heterogeneous consumers, each facing unknown medical expenditures and differing in their expectations of such...

The Pennsylvania Liquor Control Board administers the purchase and sale of wine and spirits across the state and is legally mandated to charge a uniform 30% markup on all products. We use an estimated discrete choice model of demand for spirits, together with information on wholesale prices, to...

¿ Las Empresas Públicas funcionan en general con una menor eficiencia que sus equivalentes Privadas, como reza el tópico al respecto? Se trata de un lugar común utilizado profusamente como un axioma indiscutible, principalmente desde posiciones políticas conservadoras. Aunque también...

The executive boards of large corporations in Germany continue to be in men’s hands: at the close of 2014, a good five percent of executive board members at the top 200 companies in Germany were women. This is equivalent to an increase of one percentage point over 2013, which is evidence of...

The trend toward more women on the corporate boards of German companies continued in 2013, albeit on a small scale. The share of women on the supervisory boards of the 200 largest companies increased by more than two percentage points, and thus at a somewhat higher rate than in recent years, to...