This article explores how ethnic politics may operate differently in societies with “ranked” versus “unranked” ethnic systems, where ethnicity and class correlate closely versus very little. It focuses on two hypotheses suggested, but not tested, in...
A considerable amount of recent work in political science and economics builds from the hypothesis that ethnic heterogeneity leads to poor provision of public goods, a key component of poor governance. Much of this work cites Alesina, Baqir and...
This paper examines the financial sector preconditions for the successful development of a high technology sector. It argues that there is a close relation between types of activities undertaken in different countries and their institutional...
Improved governance and lower start-up costs may not be sufficient for encouraging the type of entrepreneurship that matters for economic growth. Using panel data on 60 countries spanning the period 2003-07 this paper establishes that (i) opportunity...
Part of Book Ownership and Governance of Enterprises
Part of Book Small and Medium Enterprises in Transitional Economies
Part of Book Transition and Institutions
Part of Journal Special Issue Development Financing
Part of Journal Special Issue Public economics and development action
We examine the role of institutional investors in financial markets and in corporate governance. In many countries, institutional investors have become the predominant players in financial markets and their influence worldwide is growing, chiefly due...
The paper examines the main issues involved in translating domestic bankruptcy procedures to the sovereign context. It considers some of the principles by which domestic bankruptcy procedures operate, and the extent to which they apply to...
In this paper we study the effects of various tax schedule discontinuities on the behavior of small firms using high-quality and population-wide tax register data from South Africa. We use the bunching method to analyse how these discontinuities...
The notion that good corporate governance means maximizing shareholder value derives from the neoclassical theory of the market economy. I explain why this perspective is highly problematic for understanding the operation and performance of the...
This paper examines the nature of the unorthodox ownership and governance structures that are emerging among firms and the way these structures are supporting the remarkable economic growth in the transition economies of East Asia, as represented in...
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