Any national strategy to achieve the Millennium Development Goals needs to include a clear framework for private sector growth. Many of the public investment strategies outlined in the previous chapters are essential for an efficient and dynamic private sector. For their own part, private enterprises can contribute directly to the Goals through core pursuits such as increasing productivity and ...

This study aims to answer to three different questions. First, whether we could observe the short-term abnormal return anomaly or the long-term underperformance in the IPOs of a small economy. Second, if these anomalies exist, whether they are distinct when ownership categories (private versus state owned) are compared. And third, if these categories show different patterns, i. e., whether priv...

The subject of my remarks today is the regulation and supervision of two large financial companies: the Federal National Mortgage Association (known familiarly as Fannie Mae) and the Federal Home Loan Mortgage Corporation (or Freddie Mac). Fannie Mae and Freddie Mac were created by acts of the Congress and are thus known as government-sponsored enterprises, or GSEs. The Congress chartered these...

We investigate the relation between perceived competition and voluntary disclosure in the absence of capital market incentives by examining private UK companies, which have the option to withhold sales and costs of sales information from their publicly-filed accounts. We survey managers about their companies’ competitive environments and we calculate archival measures of industry competition. W...

INTRODUCTION Over the last few years, many private companies are advertising direct-to-consumer genetic testing (DTC GT), mostly with no or only minor clinical utility and validity of tests and without genetic counselling. International professional community does not approve provision of DTC GT and situation in some EU countries has been analysed already. The aim of our study was to analyse cu...

INTRODUCTION: In India, although practice of CSR is not mandatory for private sector companies but still there are lot of public as well as private companies which have been following the practice of CSR with due diligence. Big corporate houses like TATA and BIRLA are practicing the Corporate Social Responsibility (CSR) for decades, long before CSR become a popular basis. CSR is no longer a mer...

Private companies backed by venture capitalists or private equity funds receive their funding in a series of rounds. Information about when each round occurred and which investors participated in each round has been compiled into different databases. Here we mine one such database to model how the private company will exit the VC/PE space. More specifically, we apply a random forest algorithm t...

Cross-border private equity deals have increased substantially in recent years. This study looks at the issue of how European investors view their local counterparts in the portfolio companies’ home countries. If they regard them as rivals, they will target countries that lack a private equity industry. If they view them as (potential) partners, however, they will prefer investing in countries ...

The Japan Obstetric Compensation System for Cerebral Palsy was established in January 2009 with collaboration of the government and obstetricians. It aims to help children having delivery-related disabilities and their parents to promote urgent settlements of disputes in relation to delivery, and to improve the quality of maternity care. The system is essentially based on a private insurance sc...

Private health insurance should be able to provide coverage to people considered as high risk, such as women and the elderly. The only way to do that is to organize implicit or explicit cross-subsidies from low to high-risk individuals. This paper examines how European private health insurance companies introduced regulatory measures that could be introduced in Chile such as open enrollment, co...