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The increasing globalization of the Chinese economy has been enabled by both Chinese financial institutions operating globally as well as international firms operating within China. In geographical te...
The paper complements a new line of research that includes the firm heterogeneity in trade models. The central idea of this research is that only the largest and most efficient firms are capable of ex...
The aim of the study is to determine the rules governing the modern cash management in food and beverages processing enterprises with a full operating cycle with a particular emphasis on environmental...
In this paper we are concerned with the impact the public sector has on private sector innovation. Perhaps the most important issue is whether public sector innovation, or lack of it, impacts upon pri...
This paper analyses the foreign exchange rate exposure of Hungarian firms and its determinants on the basis of corporate cash flows and stock prices. The analysis focuses on the HUF/EUR exchange rate ...
This paper re-examines the effects that adoption of the International Financial Reporting Standards (IFRS) has had on financial reporting of French listed firms. By analysing the 2004 financial statem...
Using a nationwide survey of randomly selec-ted manufacturing firms in representative Chinese cities,we examine how firms’ compliance with social insurance policies is shaped by their historical impri...
Using a nationwide survey of randomly selec-ted manufacturing firms in representative Chinese cities,we examine how firms’ compliance with social insurance policies is shaped by their historical impri...
A new methodology measures the importance of different mechanisms for supporting agreements. Romanian company directors were surveyed on a full complement of mechanisms. Bilateralism is preponderant a...
Prepared for the Handbook Of New Institutional Economics, this chapter focuses on how the NIE has been used to understand transition and how the experience of transition can help inform the NIE. It fi...
How do firms respond to new institutions? This question is addressed by analyzing the determinants of firms’ strategies on transactional governance, using data from a Romanian survey.Strategy variable...
Leverage Across Firms, Banks and Countries     crisis  international  banks         2015/9/21
We present new stylized facts on bank and rm leverage during the period 2000{2009 using internationally comparable micro level data from many countries. We document the following patterns: a) there...
There remains considerable debate in the theoretical and empirical literature about the differences in the cyclical dynamics of firms by firm size. This paper contributes to the debate in two ways. ...
Recently there has been a signi"cant decline in the degree to which "rms &pass through' changes in costs to prices, a decline that is frequently characterized as a reduction in the &pricing power' o...
The authors investigate how worker-owned and capitalist enterprises differ with respect to wages, employment, and capital in Italy, the market economy with the greatest incidence of worker-owned and...

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