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Community-based Development and Poverty Alleviation: An Evaluation of China’s Poor Village Investment Program

Park, Albert; Wang, Sangui - C.E.P.R. Discussion Papers - 2010

consumption of richer households by 6.1 to 9.2 percent. We also find suggestive evidence that governance matters in the …

Persistent link: https://www.econbiz.de/10008468658

China’s Decentralized Privatization and Change of Control Rights

Gan, Jie; Guo, Yan; Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2015

A distinct feature of China’s privatization is that both its design and its implementation are highly decentralized and are administered by the local governments. Based on a survey of 3,000 firms in over 100 Chinese cities, this paper studies how city governments choose among various...

Persistent link: https://www.econbiz.de/10011145391

Who Decides about Change and Restructuring in Organizations?

Meagher, Kieron; Wait, Andrew - Research School of Economics, College of Business and … - 2008

We model the determinants of who makes decisions, the principal or an agent, when there are multiple decisions. Decision making takes effort and time; and, once implemented, the expected loss from a particular decision (or project) increases with the length of time since the last decision was...

Persistent link: https://www.econbiz.de/10004967980

Networks of Relations and Social Capital

Lippert, Steffen; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2005

We model networks of relational (or implicit) contracts, exploring how sanctioning power and equilibrium conditions change under different network configurations and information transmission technologies. In our model relations are the links, and the value of the network lies in its ability to...

Persistent link: https://www.econbiz.de/10005114333

Can Institutions Be Reformed from Within? Evidence from a Randomized Experiment with the Rajasthan Police

Banerjee, Abhijit; Chattopadhyay, Raghabendra; Duflo, Esther - C.E.P.R. Discussion Papers - 2012

Institutions in developing countries, particularly those inherited from the colonial period, are often thought to be subject to strong inertia. This study presents the results of a unique randomized trial testing whether these institutions can be reformed through incremental administrative...

Persistent link: https://www.econbiz.de/10011084513

The Marshall Plan: Economic Effects and Implications for Eastern Europe and the Former USSR

Eichengreen, Barry; Uzan, Marc - C.E.P.R. Discussion Papers - 1992

This paper is a first attempt to evaluate the economic effects of the Marshall Plan. We find that US aid had a significant impact on Europe's recovery from World War II. The recipients of large amounts of Marshall aid recovered significantly faster than other industrial countries. Strikingly,...

Persistent link: https://www.econbiz.de/10005123627

Corporate Efficiency in Europe

Hanousek, Jan; Kocenda, Evzen; Shamshur, Anastasiya - C.E.P.R. Discussion Papers - 2015

Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in Europe. We find that (i) larger firms are less efficient than smaller firms, (ii) greater leverage contributes to corporate efficiency, and (iii) high competition is less...

Persistent link: https://www.econbiz.de/10011213309

Corporate Governance and Bank Insolvency Risk: International Evidence

Anginer, Deniz; Demirguc-Kunt, Asli; Huizinga, Harry; … - C.E.P.R. Discussion Papers - 2014

This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as …-2008 period. Banks are special in that ‘good’ corporate governance increases bank insolvency risk relatively more for banks that …’ corporate governance is specifically associated with higher asset volatility, more non-performing loans, and a lower tangible …

Persistent link: https://www.econbiz.de/10011084512

How does corporate governance affect bank capitalization strategies?

Anginer, Deniz; Demirguc-Kunt, Asli; Huizinga, Harry; … - C.E.P.R. Discussion Papers - 2013

This paper examines how corporate governance and executive compensation affect bank capitalization strategies for an … international sample of banks over the 2003-2011 period. ‘Good’ corporate governance, which favors shareholder interests, is found …

Persistent link: https://www.econbiz.de/10011083556

Buyers' Coordination and Entry

Fumagalli, Chiara; Motta, Massimo - C.E.P.R. Discussion Papers - 2001

Miscoordination of buyers might prevent entry in an industry with an incumbent and a more efficient potential entrant. Buyers' power therefore favours entry by eliminating coordination problems. We also identify a mechanism which facilitates entry: if the potential entrant could credibly offer...

Persistent link: https://www.econbiz.de/10005789109