[PDF] Top 20 Institutional quality, firm performance and business groups: evidence from emerging economies

... competition and financial discipline increases the risk which in turn makes business ...advanced economies and emerging are notorious, for example, while most emerging markets ... See full document

... on firm performance or ...short, and therefore it is difficult for developing countries to achieve a significantly competitive advantage on the basis of ...innovation and a firm’s financial ... See full document

... Zhang and Xue [13] exposit that economically motivated frauds were a serious and emerging food safety issue in ...drugs and reliable medical services, pharmaceutical firms are financially ... See full document

... capital and labor and finally with institutional voids, coordination of the business activities across affiliated firms of the business groups is not only crucial for ... See full document

... in emerging economies can be distinguished from those in advanced economies in many respects, including the collateral required for households to ...some emerging markets: ... See full document

... bureaucracy and unlimited power of government. From 1990 to 2011, China’s GDP (PPP) per capita was generally higher than Developing Asia (Annexes Figure ...labour and updated technology (Gamble, ... See full document

... stems from the fact that the concept of economies of scale, which is used in the case of the horizontal multinational firm, does not assume significance in the case of the vertical multiplant ... See full document

... labor and capital used to be considered the most valuable assets in ...the performance of any economic ...technology and finally the globalization altered the pattern and structure of the ... See full document

... in business enterprises: a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions, ... See full document

... rigidities from nominal rigidities, and to infer the cross- sectional distribution of price stickiness implied by aggregate ...microeconomic evidence on the duration of price spells. Klenow ... See full document

... seasonality and integration characteristics of the series in ...data and T denoting the number of ...(PP) and Kwaitkowski et ...ADF and PP tests while it is the ‘stationarity’ hypothesis in ... See full document

... (EFI), and the World Bank Database Indicators are often suggested in the literature as good proxies of formal institutions (Golesorkhi et ...formal institutional indicators generally tend to overlap each ... See full document

... SPMV, and SPMV and self-esteem, has been conducted in the ...theorists and evolutionary theorists recognize that social and ecological conditions influence the choice and evaluation of ... See full document

... clients and researchers (variables associated with the STI ...used, and interaction and learning ...regions and firm size (see Table A1 in the ...used and the two “pure” modes of ... See full document

... opportunities and observe development ...needs and market trends, market information is often somehow vague and ...Since emerging technologies have an expanding knowledge base and are ... See full document

... falls and in response investors switch demand from safe Treasury assets to emerging market ...Second, and more importantly, the inter- est rate and the exchange rate are influenced by ... See full document

... structure, and the level of creditor and minority investor ...ranging from those with emerging to developed economies. From a set of 60 potential variables, 12 factors were ... See full document

... support and guidance during this ...data and for insightful comments on several versions of this ...benefited from discussions with Bernardo Guimarães, Bruno Rocha, Emmanuel Guerre, Fabio Pinna, ... See full document

... organization from one year to the ...specific firm, or a complete liquidation of its ...exit and all prior ones are classified as partial exits, except for IPOs, since the listing represents a ... See full document

... degree and could reinforce the compliance with the compulsory education ...— and thus were only offered a chance to participate in the concomitant ... See full document