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Political determinants of fiscal transparency: a panel data empirical investigation
Springer Science and Business Media LLC - Tập 18 - Trang 315-336 - 2017
The investigation of the determinants of fiscal transparency has been mostly performed on cross-sectional data, and it has produced mixed results. This paper improves the existing literature by performing a static and dynamic panel analysis of the effect of a set of political variables on the level of fiscal transparency in 36 democratic countries. By using a recent measure of fiscal transparency ......
Corporate governance and pay for performance: evidence from Germany
Springer Science and Business Media LLC - Tập 10 - Trang 1-26 - 2008
This paper investigates how two distinctive features of the German corporate governance system—concentrated ownership structure and representation of employees on firm supervisory boards—influence the sensitivity of managerial pay to firm profitability. There is a positive, though very small, link between pay and profitability for widely held firms. The presence of a largest owner seems hardly to ......
Manager replacement, employee protest, and corporate control
Springer Science and Business Media LLC - Tập 17 - Trang 265-294 - 2015
When faced with the replacement threat, incumbent managers look for support from employees by investing in a non-contractible employee–friendly relationship. Enjoying the relationship, employees help managers preserve their job by protesting against shareholders. When the benefits from the good employee–manager relationship are large enough to cover the loss of managerial inefficiency, shareholder......
On the cost-benefit of the regionalisation of the National Health Service
Springer Science and Business Media LLC - Tập 1 - Trang 213-232 - 2000
In this paper we analyse in formal terms the desirability of the regionalisation of a National Health Service. The policy consists of a devolution process, i.e. the increase in the health services provision to be decided by a region and financed by an increase in its revenues. The change is a marginal one, as it regards the part of supply of the health services exceeding a minimum standard, which......
The role of matching grants as a commitment device in the federation model with a repeated soft budget setting
Springer Science and Business Media LLC - Tập 20 Số 1 - Trang 23-39 - 2019
Determinants of post-congressional lobbying employment
Springer Science and Business Media LLC - Tập 14 Số 2 - Trang 107-126 - 2013
Cabinet size, power-sharing and ethnic exclusion in Africa
Springer Science and Business Media LLC - - 2021
Corruption, economic growth, and income inequality in Africa
Springer Science and Business Media LLC - Tập 3 - Trang 183-209 - 2002
This paper uses panel data from African countries and a dynamic panel estimator to investigate the effects of corruption on economic growth and income distribution. I find that corruption decreases economic growth directly and indirectly through decreased investment in physical capital. A unit increase in corruption reduces the growth rates of GDP and per capita income by between 0.75 and 0.9 per......
Military coups and the consequences of durable de facto power: the case of Pakistan
Springer Science and Business Media LLC - Tập 11 - Trang 51-76 - 2009
We analyze the role of the military as an independent interest group within the State, based on the two-player theoretical framework of Acemoglu and Robinson (Economic origins of dictatorship and democracy. Cambridge University Press, Cambridge 2006); we innovate by introducing the military as a third player, a specialist in violence. In particular, we study the conditions under which a democratic......
Social decision rules are not immune to conflict
Springer Science and Business Media LLC - Tập 2 Số 1 - Trang 59-67 - 2001
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