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How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine
Pivovarsky, Alexander - International Monetary Fund (IMF) - 2001
This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using … performance in Ukraine. The paper also finds that concentration of ownership by foreign companies and banks is associated with … better performance than ownership concentrated by the domestic owners. Ownership by Ukrainian investment funds and holding …
Persistent link: https://www.econbiz.de/10005826048
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Spain; The Reform of Spanish Savings Banks Technical Notes
International Monetary Fund (IMF); International … - 2012
This technical note assesses the reform of Spanish savings banks (SSBs). It provides a brief overview of the SSB institutional framework before the reform, and describes the main factors that led to the financial distress, albeit uneven, of the SSB sector. The note outlines major regulatory and...
Persistent link: https://www.econbiz.de/10011244106
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Corporate Governance Reforms in the EU; Do they Matter and How?
Ivaschenko, Iryna V.; Brooks, Petya Koeva - International Monetary Fund (IMF) - 2008
This paper proposes a new approach to quantifying the effects of corporate governance reforms, by focusing on the dynamics of the voting premiums, a measure of the private benefits of control in a corporation. The results indicate that the reforms have been successful in reducing the voting...
Persistent link: https://www.econbiz.de/10005825659
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Israel; Detailed Assessment of IOSCO Objectives and Principles of Securities Regulation
International Monetary Fund (IMF); International … - 2012
Israel’s compliance with International Organization of Securities Commissions’ objectives and Principles of Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of major jurisdictions. For the most part, it is...
Persistent link: https://www.econbiz.de/10011242660
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Germany's Corporate Governance Reforms; Has the System Become Flexible Enough?
Odenius, Jürgen - International Monetary Fund (IMF) - 2008
This article reviews Germany's corporate governance system and the effectiveness of recent reforms. Since the early 1990s far-reaching reforms have complemented the traditional stakeholder system with important elements of the shareholder system. Instead of taking a view on the superiority of...
Persistent link: https://www.econbiz.de/10005263885
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Enterprise Restructuring and Transition; Evidence From the Former Yugoslav Republic of Macedonia
Zalduendo, Juan - International Monetary Fund (IMF) - 2003
This paper reviews developments in corporate performance in the FYR Macedonia during the 1990s. The paper finds … substantial differences in performance between surviving old firms and nimbler new ones. The paper reviews factors that …-based economic institutions have served to strengthen corporate performance. The paper also shows that the predominance of insider …
Persistent link: https://www.econbiz.de/10005599589
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People’s Republic of China; Detailed Assessment Report: IOSCO Objectives and Principles of Securities Regulation
International Monetary Fund (IMF); International … - 2012
This paper discusses a detailed assessment report on the observance of China’s compliance with the International Organization of Securities Commission's objectives and principles of securities regulation. The reform of nontradable shares introduced a market-based pricing system for...
Persistent link: https://www.econbiz.de/10011242961
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United States; Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Implementation of the IOSCO Objectives and Principles of Securities Regulati...
International Monetary Fund (IMF); International … - 2010
This paper presents Detailed Assessment of the United States’s implementation of the International Organization of Securities Commissions’ Objectives and Principles of Securities Regulation. The general preconditions for effective securities regulation in the United States are...
Persistent link: https://www.econbiz.de/10011243733
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Banks and Labor As Stakeholders; Impacton Economic Performance
Ueda, Kenichi; Claessens, Stijn - International Monetary Fund (IMF) - 2008
Traditionally, the impacts of the rights of financial institutions and workers on corporate performance have been … a firm overall performance. Using U.S. state level and state-industry level data, we investigate how output growth is … shareholders' rights, which itself is not significant. The findings suggest that financial liberalization operates mostly through …
Persistent link: https://www.econbiz.de/10005825652
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Corporate Governance Quality; Trends and Real Effects
Ueda, Kenichi; Nicoló, Gianni De; Laeven, Luc - International Monetary Fund (IMF) - 2006
This paper constructs a composite index of corporate governance quality, documents its evolution from 1994 through 2003 in selected emerging and developed economies, and assesses its impact on aggregate and corporate growth and productivity. Our investigation yields three main findings. First,...
Persistent link: https://www.econbiz.de/10005769260