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All in the family or public? Law and appropriative costs as determinants of ownership structure
Managerial conflict agency costs corporate governance
2010/11/5
We examine how the legal protection of outside shareholders and the appropriative costs that they induce influence the incentives for private firms to go public.A higher degree of protection of shareh...
Corruption and Development: New Initiatives in Economic Openness and Strengthened Rule of Law
Corruption and Development Economic Openness Strengthened Rule Law
2010/11/5
Corruption is a major problem in many of the world’s developing economies today. World Bank
studies put bribery at over $1 trillion per year accounting for up to 12% of the GDP of nations like Nigeri...