The value of voting rights in Italian cooperative banks: a quasi-natural experiment

Exogenous Change in Distribution of Voting Rights, Control and Firm Value: The Case of Indian Banks

This paper provides evidence on the value of the vote hypothesis with stock price analysis around liberalization of foreign ownership restrictions in the private Indian banks. In May 2005, the Indian government removed the cap of 10 percent ownership by foreign banks, which had made takeover of Indian banks impossible for foreign banks. We hypothesize that removal of the voting cap would increa...

Animal Rights Consideration is a Necessity in Conducting an Experiment

The Costs of Voting: Evidence from a Natural Experiment

This paper uses the consolidation of polling places in Los Angeles County during the October 2003 gubernatorial recall election to study the costs of voting. The consolidation afforded an opportunity to observe a natural experiment: those whose polling places were changed in the consolidation should be statistically comparable to those whose polling places are not changed. Thus, we may observe ...

The Natural Rights of Children

What does libertarian theory, Murray Rothbard’s theory in particular, tell us about the rights of children? The two foundational principles of Rothbardian libertarianism are the sanctity of private property and the rule of non-aggression. Persons, including children, are “self-owners”. Yet children, at a young age, are not yet capable of functioning fully as “self-owners.” They must be cared fo...

Lowering the barriers to knowledge transfer and dissemination: The Italian cooperative banks cooperative experience

Knowledge has become increasingly relevant for organizations since the shift from an industrial economy based on assembly lines and hierarchical control to a global, decentralized, information-driven economy (Barua, 1996; Levine, 1995). Although knowledge is a wider concept than information because it is based also on expertise, we can consider the Information Management as the enabler for the ...