Despite the political sensitivity of foreign capital, existing work on the effect of foreign capital at the firm level is slim. This paper examines the effect of foreign equity ownership and management on firm performance using a panel of Korean firms for the period of 1993-2007 when foreign capital inflows increased dramatically. Empirical results show that foreign equity ownership positively ...

• The role played by the state as a land market regulator in urban areas with natural vulnerability to flooding; as a producer of urban land and housing; and as a builder of defenses against flooding. • Impacts on the land market of flooding and built defenses as well as access to urban land for different population sectors; land value increases and decreases in urban areas according to floodin...

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In a Fisher market, a market maker sells m items to n potential buyers. The buyers submit their utility functions and money endowments to the market maker, who, upon receiving submitted information, derives market equilibrium prices and allocations of its items. While agents may benefit by misreporting their private information, we show that the percentage of improvement by a unilateral strateg...

Background Pediatric nephrolithiasis is a condition the prevalence of which varies geographically with multiple etiologies. The aim of this study was to determine possible concomitant anatomic and metabolic disturbances in children with nephrolithiasis and to answer the questions regarding the role of each metabolic and anatomic abnormality. Materials and Methods Between 2007 and 2015, 1,080 pa...

congenital cutis laxa is an exceptional condition. no large scale pedigree has been reported from iran. we report a family with 106 members with two members affected with cutis laxa. our cases were two patients (male and female) with pre- and postnatal growth retardation, cutis laxa, characteristic facies and other manifestations which proved that they were affected with cutis laxa. their famil...

female fertility begins to decline many years prior to the onset of menopause despite continued regular ovulatory cycles. age related infertility is due to oocyte abnormalities and decreased ovarian reserve. treatment of infertility when the cause is limited to decreased ovarian reserve is empirical at present except for oocyte donation. this mini review of the literature covers all available e...

introduction: many epidemiological studies have been conducted to determine the prevalence of the various types of the dental anomalies. the aim of the present study was determination of developmental and acquired dental anomalies in patients attending the faculty of dentistry in rasht, iran. materials and methods: in this retrospective cross-sectional study, 1224 digital panoramic ra-diographs...

This paper examines whether the different types of block shareholdings will have a different impact on the extent of Web voluntary disclosure during the differential privatization stages. Prior literature suggests that block ownership may have a substitutive or complementary monitoring effect on corporate disclosure. However, for economies transferring from state endowment to being privately he...

Insider trading studies related to the German market have emphasized that outside investors may earn excess returns by mimicking the transactions of corporate directors. Such a result, provided that it holds, would constitute a serious violation of the efficient market hypothesis. The results presented in this paper, though, show that this anomaly is mainly caused by a subset of stocks with hig...