a r t i c l e i n f o a b s t r a c t There is considerable variation across countries in both the extent to which large publicly listed firms are family-owned and the dominance of such family-owned firms in stock markets. The literature presents competing theoretical viewpoints on what influences such country-level variation. On one hand, institutional economists suggest that institutional voi...

Why were state-owned firms so common in the past, even in Western countries, and why were many of them privatized during the past two decades? Some recent papers argue that through state ownership the government can avoid the distortions to managerial incentives created by the corporate income tax. When the corporate tax rate is high enough, state ownership may be less inefficient than private ...

I knew my PWR 1 course, “Rhetoric, Social Media, and Virtual Worlds,” would attract remarkable students. After all, what would better suit freshmen attending a University in the heart of Silicon Valley than a course focused on the relationship between rhetoric and new frontiers of electronic life? I took it for granted that these remarkable students, whoever they might turn out to be, would be ...

Disclaimer The information contained in this publication has been provided for the purpose of giving a general understanding regarding the stands of Indigenous forests around New Zealand and their potential for sustainable forest management (except SILNA land). It is for information only. Every effort has been made to ensure this publication is accurate and correct. The Crown, its employees and...

This study investigates the effect of earned and owned social media exposures and their interaction on brand purchase in a two-stage decision model. Using a niche dataset of twelve-month of daily household purchase and Facebook exposure data for a fastmoving consumer goods marketplace, we first estimate the household purchase propensity, controlling for the variation of baseline tendency at hou...

We analyse the role of state-owned banks from the perspective of competition. Focusing on the market for mortgage loans in Switzerland, we address three questions: (i) Is the state-owned banks’ policy consistent with marginal cost pricing? (ii) Do state-owned banks charge relatively customer friendly interest rates? And (iii) is competition intensified by the conduct of state-owned banks. Based...

a r t i c l e i n f o This paper examines the influence of ownership structure on earnings quality of firms listed on the Chinese Stock Exchanges. We empirically test four contemporary earnings quality measures, including volatility of earnings, variability of earnings over cash flows, correlations between accruals and cash flows, and level of discretionary accruals, for 1438 firms listed on Sh...