Results 71 to 80 of about 121,460,131 (168)
The Power of State Capitalism: Political Regime Shifts and Divergent Outcomes in SOE Performance
Journal of Management Studies, EarlyView.Abstract The extent to which governments should intervene in state‐owned enterprises (SOEs), and the consequences of such intervention for firm performance, remain subjects of ongoing scholarly debate. Building on competing perspectives that view the state as either a strategist or a liability, we argue that the effects of state intervention depend on ...
Adam Tatarynowicz +2 more
wiley +1 more source
Contingent capital: A tale of two valuations
Journal of Risk and Insurance, EarlyView.Abstract This study investigates the valuation gap between buyers and sellers of insurers' contingent capital, driven by asymmetric exposures to tax benefits, capital injections, and bankruptcy costs. We develop a novel Twin‐Tree Model with Jumps (TTMJ) that models the insurer's asset value dynamics by incorporating catastrophe risk, insolvency risk ...
Tian‐Shyr Dai +3 more
wiley +1 more source
Limited Liability, Asymmetric Taxation, and Risk Taking - Why Partial Tax Neutralities can be Harmful [PDF]
We examine the combined effects of asymmetric taxation and limited liability on optimal risk taking of investors. Given an optimal risk level in the pre-tax case under full liability, loss-offset restrictions reduce, and limited liability enhances the ...
Rainer Niemann, Ralf Ewert
core
The Heterogeneous Effect of the Italian Special Economic Zones on Firms: A Regional Analysis
Journal of Regional Science, EarlyView.ABSTRACT This paper evaluates the firm‐level effects of geographical eligibility for the Italian Special Economic Zones (SEZs) policy in the Mezzogiorno over the period 2015–2023. Since administrative records on actual incentive uptake are not available, the empirical analysis should be interpreted as an intention‐to‐treat estimate, capturing the ...
Elsa Amaddeo +2 more
wiley +1 more source
AI Alignment Versus AI Ethical Treatment: 10 Challenges
Analytic Philosophy, EarlyView.ABSTRACT A morally acceptable course of AI development should avoid two dangers: creating unaligned AI systems that pose a threat to humanity and mistreating AI systems that merit moral consideration in their own right. This paper argues these two dangers interact and that if we create AI systems that merit moral consideration, simultaneously avoiding ...
Adam Bradley, Bradford Saad
wiley +1 more source
Fourth Amended and Restated Limited Liability Company Agreement of AIA Aurora LLC, a Delaware Limited Liability Company [PDF]
, 2009 Fourth Amended and Restated Limited Liability Company Agreement of AIA Aurora LLC, a Delaware Limited Liability ...
Federal Reserve System: Federal Reserve Bank of New York +2 more
core +1 more source
Legal Weakness, Investment Risks, and Distressed Acquisitions: Evidence from Russian Regions. [PDF]
Comp Econ Stud, 2022 Iwasaki I, Adachi Y.
europepmc +1 more source
Regulation &Governance, EarlyView.ABSTRACT This article argues that if the aspiration is to enhance regulatory and governance responses to white‐collar and corporate crimes, consideration of the organization of these offending behaviors must be central to the scholarly, practice, and policy discussion.
Nicholas Lord, Michael Levi
wiley +1 more source
Deleveraging and decapacity: A comparative analysis of corporate capital allocation based on asset reversibility. [PDF]
PLoS One, 2023 Jia S, Sang C, Su S, Xu J.
europepmc +1 more source
Regulation &Governance, EarlyView.ABSTRACT To address the shortcomings associated with state ownership, countries have implemented various legal strategies to curb political influence in state‐owned enterprises. This research studies whether these strategies constrain the government's ability to use their appointment powers for political considerations.
Pablo Torres
wiley +1 more source