Showing 1 - 10 of 32
Using a unique bank-level dataset on the Ugandan banking system over theperiod 1999 to 2005, we explore the factors behind consistently high interest rate spreadsand margins. While foreign banks charge lower interest rate spreads, we do not find arobust and economically significant relationship...
Persistent link: https://www.econbiz.de/10005870169
While in the US stock-based incentives are commonly used since the 50s of the last century, in Germany they were invented only some ten years ago. Even in 1996 firms faced considerable regulatory difficulties when willing to grant such incentives. In the meantime the legal environment has...
Persistent link: https://www.econbiz.de/10005870301
This paper investigates the strategy of private equity investors to take public companiesprivate in blockholder-based economies. Drawing on a unique dataset, we providestrong evidence that private equity investors buy companies in order to mitigatepotential agency problems and hence to improve...
Persistent link: https://www.econbiz.de/10005870306
Etablierte Demokratien westlichen Typs, wie etwa die DemokratieformDeutschlands, zeichnen sich durch handlungsrechtliche Systemstrukturen aus, diegraduell unterschiedlich große Verteilungsspielräume für politischeEntscheidungsträger enthalten. Dieser Sachverhalt steht in engemZusammenhang...
Persistent link: https://www.econbiz.de/10005870838
The new institutional economics offers a bold and simple argument for how states promoted commercial expansion in early modern Europe. Focused on the importance of secure property rights for reducing transaction costs, commerce expands much as an engine burns fuel more efficiently and creates...
Persistent link: https://www.econbiz.de/10005870842
The ability to cooperate in collective action problems — such as those relating to the useof common property resources or the provision of local public goods — is a key determinant ofeconomic performance. In this paper we discuss two aspects of collective action problemsin developing...
Persistent link: https://www.econbiz.de/10005871000
Die Erhaltung von Baudenkmälern ist in der Schweiz gut etabliert, hat seit einigen Jahren aber mit einem Abbau der Bundesmittel zu kämpfen. Gleichzeitig entstehen rund um historische Bausubstanz immer wieder Konflikte zwiscehn den Schutzinteressen der Denkmalpflege und den renditeorientierten...
Persistent link: https://www.econbiz.de/10005871149
Die vorliegende Studie versucht, einen Beitrag zu den derzeitigen Diskussionen innerhalbder Europäischen Union (EU) um die Einführung einer eigentumsrechtlichen Entbündelung(Ownership Unbundling, OU) im Gassektor zu leisten. Dabei geht es um dieFrage, ob die vollständige eigentumsrechtliche...
Persistent link: https://www.econbiz.de/10008815991
Based on practitioners’ experience of making things work on the ground, severalcommon themes emerged. These themes prompted questions about how success can bereplicated, how to overcome obstacles, and what role government can play.The themes were:• scaling down and linking up;• cutting...
Persistent link: https://www.econbiz.de/10008845705
The computational properties of an econometric method are fundamentaldeterminants of its importance and practical usefulness, in conjunction withthe method’s statistical properties. Computational methods in econometricsare advanced through successfully combining ideas and methods in...
Persistent link: https://www.econbiz.de/10008911513