Showing 1 - 10 of 61
Persistent link: https://www.econbiz.de/10005169925
This paper describes the main features of a system of open corporate accountability to active working and middle class investors supported by a relatively efficient capital market operating in late nineteenth century Lancashire. The economic causes and social consequences of the collapse of this...
Persistent link: https://www.econbiz.de/10005169926
Robert Axelrod's seminal round-robin computer tournaments for the repeated prisoner's dilemma have been hailed as the explanation of the evolution of cooperation. In this paper, Axelrod's results are systematically re-examined in the light of new insights about computer simulations. In...
Persistent link: https://www.econbiz.de/10005404131
Persistent link: https://www.econbiz.de/10005404132
In contrast to current literature which mainly identifies relationships between particular economic behaviours and specific attitudes suggestive of those behaviours, we explore the potential of general human values for explaining economic behaviour. In particular, we investigate whether...
Persistent link: https://www.econbiz.de/10008556272
This paper argues that migration could trigger institutional development in the sending country. It is shown that the existence of rent-seeking institutions not only hinders the adoption of a more efficient technology, it also reinforces itself; while the possibility of migrating to a more...
Persistent link: https://www.econbiz.de/10004984410
This paper describes and analyzes outcomes of the first World Values Survey for Malaysia, an upper-middle income country that was not yet included in the four previous Surveys. I look at results for tolerance, interest in democracy and other survey questions, and find that the Malaysian Chinese...
Persistent link: https://www.econbiz.de/10004984411
We examine the e¤ect of the United States-Singapore Free Trade Agreement (FTA) on the value of frms listed in the Singapore Exchange using event study analysis. Despite the predictability of the FTA negotiation, we find that one event - the removal of the last obstacle to the free trade deal in...
Persistent link: https://www.econbiz.de/10004990915
In the Islamic world, Malaysia is a happy outlier: richer and politically more mature than the average of the 58 members of the Organization of the Islamic Conference. That makes it interesting to test theories of modernization for this prosperous Islamic country. In our analysis of the first...
Persistent link: https://www.econbiz.de/10004990916
This paper analyzes the behavior of Malaysian stock market during the intervals of high uncertainty. It highlights the impact of unexpected volatility shifts on this small emerging Asian market, in terms of its efficiency and returns, during the past two decades. The purpose of this study is...
Persistent link: https://www.econbiz.de/10004990917