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The relation between IMF conditionality and country ownership of assistance programs is considered from a political economy perspective, focusing on the question of why conditionality is needed if it ...
In 1980, India nationalized its large private banks. This induced different bank ownership patterns across different towns, allowing credible identification of the effects of bank ownership on financi...
Competitive advantage is based on a unique nexus of firm-specific investments that creates inimitable quasi-rents. Because of the impossibility of writing complete contracts, the distribution of the q...
The trade of a fixed stock can be regarded as the basic process that measures its momentary price. The stock price is exactly known only at the time of sale when the stock is between traders, that is,...
The traditional law and finance focus on agency costs presumes that the premise that diversified public shareholders are the cheapest risk bearers is immutable. In this Essay, we raise the possibility...
Knowledge that has been accumulated through research efforts concerning credit card ownership and usage behaviour has been confined to Western societies. Given the importance of cross-national applica...
We generalize Merton's asset valuation approach to systems of multiple financial firms where cross-ownership of equities and liabilities is present. The liabilities, which may include debts and deriva...
This paper adopted logistic regression model to examine the relationship between level of managerial ownership concentration and agency conflict which are proxied by level of risk, firms leverage and ...
主讲人 Juyan Zhang Southwest University of Finance and Economics 题目 Ownership Structure, Input Control and Bargaining in China’s Processing Firms 时间 2006年12月19日(星期二)下午14:00-----15:30 地点 北京大学中国经济研究中心万众...
We develop a stock market model with differences of opinion and short-sales constraints.When breadth is low—i.e., when few investors have long positions—this signals that the shortsales constraint is ...
In 1970 only one percent of American housing units were located in a homeowner association, condominium or cooperative – the three main instruments of collective private ownership of housing. By 1998,...

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