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Dissertations / Theses on the topic 'Institutional economics'
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1
Parada, Jairo Jesus Sturgeon James I. "A pragmatic institutional economics approach to economic development and institutions the case of Colombia /." Diss., UMK access, 2006.
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Thesis (Ph. D.)--Dept. of Economics. University of Missouri--Kansas City, 2006."A dissertation in economics and Social Science Consortium." Advisor: James I. Sturgeon. Typescript. Vita. Title from "catalog record" of the print edition Description based on contents viewed Jan. 29, 2007. Includes bibliographical references (leaves 244-256). Online version of the print edition.
2
Kelm, Matthias. "Institutional determinants of economic evolution." Thesis, University of Cambridge, 1995. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.389840.
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Grajzl, Peter. "Essays in comparative institutional economics." College Park, Md. : University of Maryland, 2005. http://hdl.handle.net/1903/2597.
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Thesis (Ph. D.) -- University of Maryland, College Park, 2005.Thesis research directed by: Economics. Title from t.p. of PDF. Includes bibliographical references. Published by UMI Dissertation Services, Ann Arbor, Mich. Also available in paper.
4
Fraser, Gavin. "Institutional economics and the environment." Rhodes University, 2012. http://hdl.handle.net/10962/d1006130.
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[From text] What is Institutional Economics? Before delving into the concept of institutional economics, it will be useful to explain what is meant by institutions because institutions in economics have a particular meaning. The most commonly agreed upon definition for institutions is a set of formal and informal rules of conduct that facilitate coordination or govern relationships between individuals or groups. The formal rules include laws, contracts, political systems, organisations, and markets, while the informal rules of conduct consist of norms, traditions, customs, value systems, religions and sociological trends. Institutions provide for more certainty in human interaction (North, 1990) and have an influence on outcomes such as economic performance, efficiency, economic growth and development. They can either benefit or hinder these economic measures. Williamson (2000) noted that new institutional economics operates at both the macro and micro levels. The macro level deals with the institutional environment, or the rules of the game, which affect the behaviour and performance of economic actors and in which organisational forms and transactions are embedded. Williamson (1993) described it as the set of fundamental political, social and legal ground rules that establish the basis for production, exchange and distribution. The micro level analysis known as the institutional arrangement, on the other hand, deals with the institutions of governance. These refer to the modes of managing transaction costs and include issues of social capital, property rights and collective action. Here the focus is on the individual transaction and the questions regarding organisational forms (private property versus common pool resources) are analysed. An institutional arrangement is an arrangement between economic units that govern the ways in which its members can co-operate or compete.
5
Arvanitidis, Paschalis A. "Property market and urban economic development : an institutional economics approach." Thesis, University of Aberdeen, 2003. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.288280.
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This thesis examines the relationship between the property market and urban economic development. The impetus for the research lies in the rapid process of urban economic change and the failure of economic approaches to explore adequately the important role of the property market in that process. The study draws on institutional economics to advance the argument that the property market as an institution is a mediator through which economic potential can be realised and served. Due to major philosophical and theoretical deficiencies in the area, focus is placed on the establishment of an appropriate philosophical framework, the development of a new theory, and the specification of a research design for empirical investigation of the issues. The thesis's foremost contribution therefore lies in the formation of a holistic research programme to conceptualise the property market as an institution and to explore its role within the urban economy. Critical realist principles provide the basis for the development of the philosophical position of the study. These are combined with institutionalist insights to construct a three-layer ontological framework discussing the nature of urban socioeconomy. The thesis then lays down a rich theory of urban economic organisation, placing explicit emphasis on the institutional mechanisms, processes and dynamics through which the built environment is provided. The interrelation between property market process and the wider institutional environment is explored, particularly in terms of efficiency in providing appropriate market institutions and property outcomes that support urban economic potential. From this discussion the institutionalist concept of 'property market purpose efficiency' is developed. Building upon the conceptual framework, the thesis explicitly addresses the requirements for concrete analysis. It, first, lays down a generic analytical approach specifying appropriate research methods and techniques for investigation, and, second, sets up a research design providing an operational frame in which developed theory is translated into empirical practice. This research design provides a blueprint for empirical case studies. Finally, a case study of Madrid is employed to empirically explore the research design.
6
Stettler, Michael. "Institutions, property rights and external effects : new institutional economics and the economics of John R. Commons /." [S.l.] : [s.n.], 1999. http://aleph.unisg.ch/hsgscan/hm00006017.pdf.
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Yasmin, Aizat. "INSTITUTIONS AS THE MAIN DETERMINANT OF ECONOMIC DEVELOPMENT: WITH A FOCUS ON ECONOMIC FREEDOM INDEX AS PROXIES." OpenSIUC, 2020. https://opensiuc.lib.siu.edu/theses/2684.
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This paper hopes to serve as a primer, firstly for this Author, regarding the concept of Institutional Economics; a foundation and an enabling environment, which allows economics to function and to be free. Firstly, we focus on the topic of institutions within the scope of economic development, and ask the simple question, “Why some countries are poor, and why some countries are rich?” In terms of set up, this paper is guided by Dani Rodrik & Arvind Subramanian’s 2003 article, “The Primacy of Institutions (and what this does and does not mean).” I looked at how institutions, market openness and geography effect economic development. Both an OLS and pooled OLS model are employed, with the results showing that, institutions account for the largest variation in income. The data is sourced from the Heritage Foundation, 2019 Index of Economic Freedom. Secondly, a discussion of Brunei Darussalam, my home country is presented, trying to link ideas of institutional economics, economic freedom, entrepreneurship and economic development.
8
Buttkereit, Sören. "Intersectoral alliances : an institutional economics perspective /." Berlin : wvb, Wiss. Verl, 2009. http://www.wvberlin.de/data/inhalt/buttkereit.html.
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Janus, Thorsten Janus M. "Game-theoretic applications in institutional economics /." Diss., Digital Dissertations Database. Restricted to UC campuses, 2006. http://uclibs.org/PID/11984.
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Mukashev, Yerzhan Bulatovich. "Empirical essays in comparative institutional economics." College Park, Md.: University of Maryland, 2007. http://hdl.handle.net/1903/6832.
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Thesis (Ph. D.) -- University of Maryland, College Park, 2007.Thesis research directed by: Economics. Title from t.p. of PDF. Includes bibliographical references. Published by UMI Dissertation Services, Ann Arbor, Mich. Also available in paper.
11
Buttkereit, Sören. "Intersectoral alliances an institutional economics perspective." Berlin wvb, Wiss. Verl, 2008. http://d-nb.info/995593477/04.
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GOKMEN, GUNES. "Essays in institutional and political economics." Doctoral thesis, Università Bocconi, 2012. https://hdl.handle.net/11565/4054281.
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Fadiran, David Oluwatosin. "Essays on institutional evolution and economic development: evidence from Nigeria." Doctoral thesis, University of Cape Town, 2015. http://hdl.handle.net/11427/16530.
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Includes bibliographical referencesThe important role of institutions is relatively agreed on within the growth literature, with most empirical evidence pointing towards a positive influence of institutions on economic growth. However, empirical analysis of the institutions and growth nexus have faced a few problems, which include: the lack of a clear distinction between the different types of institutions; (i.e. political institutions, economic institutions, and customary institutions); a lack of long-run data measuring institutions for most of sub-Saharan Africa; and the paucity of country specific studies - the majority of the empirical evidence have mainly focused on cross-country analysis. While extensions from cross-country analysis to country specific analysis is growing, empirical studies focused on sub-Saharan Africa remain limited. Within the African context, majority of empirical evidence suggest weak institutions as one of the main causes of its poor economic performance. However, due to the paucity of long-run data on institutions, such an hypothesis has not been empirically tested for specific countries. Motivated by these gaps, this thesis contains three essays that examine three types of institutions and their impact on the economy. The specific issues focused on include: the evolution of institutions; persistence of institutions; interdependence between political and economic institutions; interdependence between institutions and economic development; and the role of institutions in determining resource wealth effects. This thesis uses Nigeria as a case study, because of its standing as one of the larger economies in sub-Saharan Africa, especially in terms of its natural resources. In addition to this, Nigeria has experienced numerous regime and constitutional changes over the past few decades which may lead to interesting institutional dynamics.
14
Tan, Elaine S. "Beyond cliometrics : essays in the new institutional economic history." Thesis, University of Cambridge, 2001. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.270850.
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Dhaliwal, Spinder. "The role of institutional investors in the UK economy." Thesis, Brunel University, 1992. http://bura.brunel.ac.uk/handle/2438/5783.
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The purpose of this research is to investigate the importance of institutional investors in the UK economy, in particular, the capital market. Institutional investors have grown considerably in size over the past three decades and are involved in many aspects of the economy, consequently investigation of this issue is essential in order to determine their influence. There are three main empirical studies in this thesis. The first examines a sample of UK non-financial firms in an attempt to explain the ownership structure. It will attempt to show which firm variables attract institutional investors. A second aspect of the research is an analysis of the buying and selling activities of institutional investors to see whether they effect the general level of share prices. A third focus of the research is to analyse the switching activities of the institutional investors. This refers to their switching of funds from one type of asset to another e.g. from real property into equities and vice versa. By examining these activities the study illustrates the demand characteristics these institutional investors create for certain assets and in addition it provides a clearer understanding of the economic conditions that influence such investment behaviour. The thesis confirms the continuing importance of institutional investors.
16
Bateira, Jorge. "Institutions, markets and economic evolution - conceptual basis for a naturalist institutionalism." Thesis, University of Manchester, 2010. https://www.research.manchester.ac.uk/portal/en/theses/institutions-markets-and-economic-evolution--conceptual-basis-for-a-naturalist-institutionalism(c794c515-22de-41b7-aa5e-9405e5777741).html.
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We might wonder, after two centuries of economic science and thousands of articles and books written by economists, if something new can still be said about 'markets'. Today, what new contribution could still be given to a so fundamental concept in economics? This thesis builds on the main legacy of Veblen, Polanyi and Hayek's Institutionalism: the distinction between the 'interactional' level of human sociality and the 'structural' level of society that Veblen named 'institutions'. The three authors tentatively formulated an original idea: the two levels of sociocultural reality are interdependent and mutually constitutive. This is a proto-emergentist ontology of institutions that makes the starting point of the thesis. Convergent results of different disciplines are explored in order to develop such ontology. It is argued that sociocultural systems have properties that make them specific, namely the human capacity to interact in multiple scales of time-space using human language. Sociocultural research cannot be guided by conceptual schemes abstracted from other levels of Nature. This is the bedrock of a Naturalist Institutionalism. To understand institutions we need to discuss meanings and culture; we need to enter the semiotic of Peirce, the founder of Pragmatism. The foregoing implies the distinction of three types of inter-dependent processes in sociocultural systems: the cultural ('norms'); the social (networks, organisations); the material reality. This analytical move enables a redefinition of 'institution': a sociocultural system emergent from inter-related organisations, networks, norms and material reality, which structure individuals and organisations and serves a societal function. In this sense, the 'economy' is a macro-institution and markets are sub-systems of the 'economy', meso-institutions. Thus, a market is a self-organizing, complex, and open system endowed with structural levels emergent from persons' interactions-communications participating in the transformation processes of production, distribution, appropriation and consumption, using matter-energy and symbolic tools. Finally, it is argued that the evolutionary process of markets has a specific sociocultural nature that goes by the name of 'history'. Their motion is discussed with recourse to a model that highlights the interactions of markets with science, state and culture to solve problems of uncertainty and coordination in the processes of competition, cooperation and valuation.
17
Wright, Richard. "Three essays in comparative institutional economics : Britain and Sweden since 1918." Thesis, University of Cambridge, 1990. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.385898.
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Pirinsky, Christo A. "The investment performance and trading behavior of institutional investors." Connect to resource, 2001. http://rave.ohiolink.edu/etdc/view.cgi?acc%5Fnum=osu1261160983.
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Guimarães, Luís Miguel Faria de Castro. "Corruption, institutional setting and FDI: does the use of distinct proxies matter?" Master's thesis, Faculdade de Economia da Universidade do Porto, 2010. http://hdl.handle.net/10216/56384.
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Guimarães, Luís Miguel Faria de Castro. "Corruption, institutional setting and FDI: does the use of distinct proxies matter?" Dissertação, Faculdade de Economia da Universidade do Porto, 2010. http://hdl.handle.net/10216/56384.
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Nhundu, Kenneth. "Effectiveness of irrigation water management institutions in Zimbabwe: a new institutional economics theory approach." Thesis, University of Fort Hare, 2013. http://hdl.handle.net/10353/d1006784.
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Despite considerable advances in technology across the world, some scholars (Bratton, 1987; Namara et al., 2010) have argued that declining agricultural productivity among smallholder farmers in Africa remains a major bottleneck in the development of the continent. Unganai (1993) indicates that about 60% of the southern African region is semi-arid or arid and suffers from periodic droughts. In addition, World Bank (2003) notes that agricultural production is dominated by rain-fed agriculture and irrigation systems are limited. This is compounded by the scarcity and poor management of irrigation water resources. Water scarcity in agriculture has large impacts on the population, especially in rural areas, where more than 60 percent of the population are engaged in agriculture which represents their main source of food and income (FAO, 2008). On the macroeconomic level, agricultural share of the GDP is about 37 percent and 75 percent of the export value is generated from the agricultural sector globally. To this effect, management of agricultural water particularly in rain-fed systems remains imperative for improved farm level yields because the bulk of the food comes from rain-fed agriculture (FAO, 2008; Namara et al., 2010). However, increasing water scarcity and poor accessibility may become a limiting factor not only for agricultural production and the welfare of rural population but also for the entire economy. Improving the management of water resources and an efficient use of water by all sectors, including agricultural production, are therefore important if the welfare and health of the population, particularly in rural areas, are to be maintained and improved (Nyong & Kanaroglou, 1999).
22
Ferreira, Ana Bárbara Monteiro. "A transição pós-soviética da Rússia : da instabilidade à afirmação como BRIC." Master's thesis, Instituto Superior de Economia e Gestão, 2012. http://hdl.handle.net/10400.5/11017.
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Mestrado em Desenvolvimento e Cooperação InternacionalVinte anos decorridos desde a dissolução da União Soviética e a consequente aplicação de políticas de ajustamento estrutural, é importante tentar compreender o processo pelo qual estes países passaram e aquilo que se pode retirar desta experiência, considerada em geral um fracasso da aplicação das políticas do Washington Consensus. O caso aqui estudado é o da Rússia, não um caso representativo e paradigmático de uma economia de transição, mas exactamente por isso interessante. Após ter passado por uma grave recessão transicional, trata-se do único dos 15 países que conseguiu recuperar e atingir elevados níveis de crescimento económico. Tendo como objectivo tentar compreender as especificidades que levaram a este trajecto, é nesta dissertação feita uma análise destas duas décadas, com base na abordagem e contraposição dos modelos teóricos de transição - o Washington Consensus e a Perspectiva Evolucionária-Institucionalista - e na economia institucional: a implementação das reformas, cujas limitações reforçam a perspectiva institucionalista, e as suas consequências; a crise de 1998, considerada "ponto de viragem"; e o período de recuperação, desde 1999 até à crise actual, destacando-se o contributo e dependência dos recursos energéticos para o forte crescimento mas também para a vulnerabilidade.
Twenty years after the dissolution of the Soviet Union and the consequent implementation of structural adjustment policies, it is important to understand the process these countries went through and what can be learnt from that experience, usually considered a failure of the Washington Consensus' policies. The case study here presented is that of Russia's, an interesting case for not being representative, or a paradigm, of a transition economy. After going through a serious transitional recession, it became the one out of the 15 countries that was able to recover and achieve high economic growth rates. Aiming to understand the specificities that lead to this path, this dissertation consists in an analysis of these two decades, based on an approach and comparison of the two theoretical transition models - the Washington Consensus and the Evolutionary-Institutionalist Perspective - and on institutional economics: the implementation of the reforms and their shortcomings, strengthening the institutionalist perspective, and their consequences; the 1998 crisis, considered the "turning point"; and the recovery period, from 1999 to the current crisis, highlighting the contribute and dependence on energetic resources for both strong economic growth and vulnerability
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LAW, Yui. "U.S. cross-listing, institutional investors, and equity returns." Digital Commons @ Lingnan University, 2012. https://commons.ln.edu.hk/econ_etd/23.
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Cross-listing refers to firms listing their equities on more than one stock exchange. Cross-listing is an interesting topic of international finance. This is because along with the deeper integration of the global financial market, we should see lesser importance of geographic factors. Thus, the motivations and effects of listing a firm on exchanges of different regions should have essential economic implications. The reputation bonding hypothesis suggests that U.S. cross-listing improves the information environment of a firm because of the higher disclosure standard and more analyst coverage. The legal bonding hypothesis argues that U.S. cross-listing improves the investor protection and corporate governance of a firm since the firm is under more stringent law and regulation. The firm growth hypothesis points out that U.S. cross-listing lowers the external capital cost of a firm and thus enables the firm to achieve a higher growth rate.
Using a sample with 12532 firms of 23 developed regions from 2006 to 2011, this thesis tests the three hypotheses of cross-listing. Firstly, my empirical results show that a cross-listing on the U.S. exchanges improves the equity returns predictability of institutional investors. I find a stronger positive correlation between the changes in institution ownership level and future equity returns of U.S. cross-listed firms. This suggests that the information environment is improved after a U.S. cross-listing. However, the improvement in information environment exists only in non-crisis period. Secondly, the results support the firm growth hypothesis. The U.S. cross-listing event only has a positive effect on equity returns of firms with younger age and lower dividend yield. This effect becomes less obvious during the crisis period. Thirdly, the legal bonding effect of U.S. cross-listing only exists during the crisis period, when the financial market is volatile. During the crisis period, a U.S. cross-listing increases the equity returns of the firms form non-common-law regions, but not the firms from common-law regions.
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Jo, Tae-Hee Lee Frederic S. "Microfoundations of effective demand." Diss., UMK access, 2007.
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Thesis (Ph. D.)--Dept. of Economics. University of Missouri--Kansas City, 2007."A dissertation in economics and social science consortium." Advisor: Frederic S. Lee. Typescript. Vita. Title from "catalog record" of the print edition Description based on contents viewed July 30, 2008. Includes bibliographical references (leaves 196-220). Online version of the print edition.
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Hafez, Norhan Ossama Shaaban <1990>. "Essays on Institutional Economics: On Crime and Enforcement." Doctoral thesis, Alma Mater Studiorum - Università di Bologna, 2018. http://amsdottorato.unibo.it/8733/1/Norhan_Hafez_Crime_enforcement_Oct2018.pdf.
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This thesis consists of three chapters on crime and enforcement. In the first chapter, we emphasize the role of leniency programs as a legal tool to fight illegal activities involving bribery of a public official. We show that a not-well-designed leniency program increases the level of illegal activity, and may imply higher levels of corruption. A legislator, who aims to reduce the levels of crime and the related corruption, sets the leniency rate to its minimum level and allows only the criminal to apply for leniency when leniency is offered after the detection of the illegal activity. In the second chapter, we study the impact of the loss of corporate reputation after the detection of a corporate crime on the design of compliance program and the managerial incentives within the firm. We show that if the return from the crime and the reputational loss are high, the firm relies on a "window-dressing" compliance program, leading to inefficient investment in compliance and high levels of corporate misconduct. When the reputational loss is moderate, the compliance program exhibits a deterrent effect on corporate crime. If the crime leads to low (high) returns and large (low) reputational loss, the firm will not implement a compliance program. In the third chapter, we present a comprehensive review of the literature that studied the corporate crime. We study the incentives and the deterrents that affect the firm’s decision to undertake a corporate crime. We analyze the determinants that stem from the agency relationship between the firm and the manager, namely the managerial incentives, organizational structure and the role of senior managers. Second, we consider the determinants that are exogenous to the firm but affect its incentives to commit the corporate crime. We consider legal deterrents, corporate reputation and corporate social responsibility.
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Brownlow, G. A. "Institutional change and the two Irelands 1945-1990 : an application of North's institutional economics." Thesis, Queen's University Belfast, 2002. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.269041.
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Ma, Juan. "Competing Globally: Institutional Voids in Emerging Markets." Thesis, Harvard University, 2016. http://nrs.harvard.edu/urn-3:HUL.InstRepos:32744404.
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This dissertation addresses institutional development in emerging economies, as well as its implications on firm strategy. Specifically, as emerging markets are characterized by “institutional voids”, that is, the absence of information or contracting intermediaries that effectively connect economic agents, I take imperfect information as a defining characteristic of emerging economies, and investigate how the ever-increasing societal demand for information disclosure and transparency affects firm behavior and competiveness. The three chapters of my dissertation examine “institutional voids” at product markets, labor markets and capital markets, respectively. In examining these questions, I utilized various empirical methods including natural, field and online survey experiments, and large-sample dataset econometric analyses.
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Du, Plessis Sophia W. F. "Institutions and institutional change as explanation for differences in economic development – a study of the first three decades of the postcolonial experience of Zambia and Botswana." Thesis, Stellenbosch : University of Stellenbosch, 2005. http://hdl.handle.net/10019.1/1387.
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Thesis (PhD (Economics))--University of Stellenbosch, 2005.Numerous theories have been constructed to provide reasons for economic growth differences between countries. As data became more readily available, cross-country empirical studies identified a set of variables that contributed to economic growth, including variables such as the investment in human and physical capital.
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Gurkan, Ceyhun. "Institutional Economic Approaches To Technology." Master's thesis, METU, 2004. http://etd.lib.metu.edu.tr/upload/2/12605164/index.pdf.
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By probing Thorstein B. Veblen&rsquos (1857-1929) and Joseph A. Schumpeter&rsquo
s (1883-1950) views on technology, this thesis aims at displaying an institutional economic approach to technology. Most of the contemporary studies on technological change are under the dominance of neoclassical economics. Because of their inadequacies in revealing the complex structure of technological phenomena due to their adherence to mechanistic and deterministic postulations of orthodox economic theory, an institutional approach to technology has become a must. Therefore, today, the fundamental ideas of Veblen and Schumpeter concerning technology are used heavily to constitute an alternative approach by evolutionary and institutionalist economists in their technical, philosophical, sociological and methodological studies. In this sense, this thesis, based upon a comparative analysis of Veblen and Schumpeter, is engaged with presenting an alternative conceptual framework for science and technology policy studies.
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Guedes, Sebastião Neto Ribeiro. "Uma análise dos microfundamentos da teoria econômica de John R. Commons /." Araraquara, 2017. http://hdl.handle.net/11449/154644.
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Memorial apresentado à Faculdade de Ciências e Letras (Campus de Araraquara) da Universidade Estadual Paulista "Júlio de Mesquita Filho" como parte dos requisitos necessários ao Concurso Público de Livre-Docência no Departamento de Economia, na área de Metodologia EconômicaResumo: John R. Commons foi um importante economista institucional norte-americano que ofereceu uma visão original e fecunda do capitalismo, em especial do norte-americano. Seu conceito de "futuridade" antecipou e influenciou o de incerteza de Keynes e sua teoria do valor razoável estimulou reflexões posteriores que introduziram o poder nas relações de preço. Commons partilhava, assim como outros economistas institucionais, a percepção de que o capitalismo e suas instituições não nasceram prontos e acabados, tendo como núcleo as relações espontâneas do mercado. Ao contrário disso, para ele o capitalismo foi produto de uma evolução não linear, na qual a ação costumeira dos indivíduos encontrou na ação coletiva (em instituições) a legitimidade, o apoio e a seleção necessários para que viabilizassem as tendências imanentes próprias daquele modo de produzir. Em seu projeto de compreender o capitalismo como um empreendimento dinâmico moldado pela ação coletiva, Commons vislumbrou, principalmente em seus famosos livros Legal foundations of capitalismo, Institutional Economics e The economics of collective action, a intenção de analisar a gênese das instituições pilares do capitalismo. Embora sua abordagem seja predominantemente agregada ou setorial, nela abundam pistas sobre o que poderia ser tomado como uma "teoria microeconômica" ou fundamentos para uma tal teoria, principalmente a partir de três aspectos: 1) seu tratamento do problema do valor/preço, que redundou na sua teoria do valor razoável; 2) sua concepção da firma como governança, baseada na autoridade legitimada pelas instituições, em oposição à visão de firma como função de produção e 3) sua visão do papel dual do Estado, ao mesmo tempo disciplinador e estimulador, no processo concorrencial capitalista. A pesquisa objetivou, então, identificar, descrever e analisar os elementos que poderiam constituir uma fundamentação microeconômica
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Nikitina, Tatjana, and Anna Repeta. "Modern trends in the institutional investing in Russia." Universität Potsdam, 2011. http://opus.kobv.de/ubp/volltexte/2012/5846/.
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In this article we analyse main tendencies and trends driving institutional investing in Russia nowadays. Russian specifics of institutional investors market is that historically banks played key role and thus became the largest intermediaries in the financial system. Other institutional investors being insurance companies, pension funds and other mutual funds are still in development stage and have extensive opportunities to grow. However, total assets of non-bank institutional investors in Russia are still lagging behind those of banking sector and, therefore, banks are powerful institutional investors.
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Wilkening, Tom S. "Essays on institutional persistence, contract structure, and authority." Thesis, Massachusetts Institute of Technology, 2008. http://hdl.handle.net/1721.1/43780.
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Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics, 2008.Includes bibliographical references (p. 154-158).
This thesis is a collection of essays that uses theoretical and experimental methods to explore institutional persistence, contract structure, and authority. Chapter One studies the informational and efficiency properties of institutions that form to reduce moral hazard. While in the short run such mechanisms may be optimal, in the long run inefficient institutions may persist because information about changes in the underlying environment is lost. Using experimental and theoretical methods, it analyzes a market with high quality and low quality products that are indistinguishable without a costly certification process. Sellers in the market make endogenous production decisions and are heterogeneous in their levels of moral hazard leading to two possible equilibria-non-certifying and certifying-that vary in both efficiency and information about the underlying environment. The certifying equilibrium, which does not carry information about changes in the distribution of sellers, does not adjust when the underlying environment changes, perpetuating a market structure that makes all market participants weakly worse off. Chapter Two studies how changes in contract structure may help preserve antiquities. Most countries prohibit the export of certain antiquities. This practice often leads to illegal excavation and looting for the black market, which damages objects and destroys important aspects of the archaeological record. Chapter Two argues that many of the goals for export bans could be better accomplished through the use of long-term leases which would raise revenue for the country of origin while preserving national long-term ownership rights. Chapter Three uses experiments to study how control rights are distributed in a setting with incentive conflicts.
(cont.) It shows that while effort levels are consistent with theoretical predictions, principals retain control rights even when it is strongly in their interest to delegate. Chapter Three also documents a differential response to authority by gender. As agents, women have strong fairness preferences resulting in diminished effort in asymmetric treatments but higher effort in symmetric ones. As principals, women are more likely to transfer authority when it is efficient to do so.
Tom S. Wilkening.
Ph.D.
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Kularatne, Chandana. "Institutional and macroeconomic policy dynamics in transition economies." Doctoral thesis, University of Cape Town, 2008. http://hdl.handle.net/11427/11545.
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Includes bibliographical references (leaves 197-214).This study is an investigation of some of the developmental challenges facing transition economies. The thesis provides empirical and theoretical analyses on some of the institutional and macroeconomic challenges experienced by transition economies along their developmental trajectory. The thesis begins with an analysis of the reallocation of resources. Chapter 2 presents a model in which two groups in society are engaged in strategic interaction. Privileged members of society have the opportunity to allocate resources either to their own productive capacity, or to enhance the productive capacity of the disadvantaged. Redistribution to the disadvantaged can increase the productive capacity of society, but comes at the cost of rising political aspirations of the poor, which erodes the power of the rich. The results of the model derive possible political outcomes for society under which the rich will redistribute to the point of equality with the poor; conditions under which the disadvantaged face genocide; as well as the range of intermediate redistributive activity likely to be employed by the privileged. Transition economies also face limited infrastructure development. This is especially true for countries in post-conflict situations. Increasing levels of infrastructure expenditure is argued to have a positive effect on growth. Chapter 3 analyses the impact of economic and social infrastructure on economic growth for a specific transition economy - South Africa. South Africa experienced a declining trend in physical infrastructure development. over the recent past. The econometric results find that while economic infrastructure has a positive effect on output, social infrastructure has no effect. Crowding out effects arising from both economic and social infrastructure expenditure are also discovered. The data also reveals that both output and private investment have a positive effect on economic and social infrastructure expenditure. The short term fluctuations in output, employment and labour productivity in South Africa are also investigated. The empirical evidence of negative correlation between employment and labour productivity contradicts the hypothesis of standard real business cycle theory. A model with monopolistic competition, sticky prices, and variable effort is shown to be able to account for the empirical findings. The findings indicate that technology shocks generate a negative co-movement between labour productivity and employment in South Africa. In addition, the degree of monetary accommodation, returns to labour and the degree of price stickiness and imperfect competition affects economic fluctuations in employment and labour productivity due to technology and demand shocks. Moreover, they affect the response of prices, real money balances and real interest rates to a technology shock.
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Karaan, Abolus Salam Mohammad. "An institutional economics approach to agribusiness in development : South African case studies." Thesis, Stellenbosch : Stellenbosch University, 2006. http://hdl.handle.net/10019.1/50570.
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Thesis (PhDAgric) -- Stellenbosch University, 2006.ENGLISH ABSTRACT: This dissertation is a sojourn into institutional economics and its application to contemporary economic and development issues in South Africa. Economic development initiatives in agribusiness have much to gain from the theories and approaches advanced by the new institutional economics. Institutions are considered essential to the functioning of economies, markets and organizations, despite its neglect in neoclassical economics The study intends to prove that 'institutions matter', especially when social and economic transformation is necessary. The cases studied exhibit how institutions matter and shape economic outcomes. The theoretical basis established in this thesis was applied to economic development challenges such as contracting, organizational innovation, economic empowerment, land reform, building social capital, organizational design, supply chain management, entrepreneurial development, and modes of constructive engagement. The thesis is a compilation of academic papers applied to the various selected developmental challenges prevalent in South African agriculture. The study begins by delving into the more popular New Institutional Economics literature and specifically transaction cost economics. Somewhat unexpectedly, this leads to a greater appreciation for the insights generated by the Old Institutionalists in investigating the nature of institutions. Hence, the old institutional economics gains prominence in the latter part of this work, contrary to contemporary approaches followed in agricultural economics. The acknowledgement given to aspects like social capital and embeddedness is consistent with Williamson's proposed framework for the economics of institutions and this is used as the conceptual framework in this thesis. Whereas the new institutional economics was found to be useful in yielding knowledge through analysis and remediable outcomes, the old institutional economics retains its advantage in promoting understanding of problems especially in the face of complexity. This inclination has influenced the thesis in two ways. First, it diverted the latter part of the work towards the old institutional economics and the role of social capital in shaping institutions and economic behaviour. Second, it reverts to theories on the nature of the firm that complements the transaction cost approach. The transaction costs approach is thus only used where it is found most effective i.e. analysing vertical integration between firms and the relevant ex ante incentives and the ex post governance aspects Most studies are motivated by a general recognition of the role of institutions in framing economic outcomes and end up in the new institutional economics and subsequently transactions cost economics. This favouring of the transaction cost approach has found appeal due to its ability to predict structural and organisational outcomes such as the efficient boundaries of firms, internal organisation, contractual relations, incentives, etc. Methodologically, it enables analysts to employ the empirical and mathematical rigour that has become a feature, but too often the purpose, of economic research. Three papers are devoted to this approach and elicit organisational designs that best contend with identified transaction costs. The study confirms that several aspects matter in institutional analysis when applied in an economic developmental context such as South Africa. Historical context is acknowledged as a critical facet of institutional analyses in the sense that institutions are shaped by the forces of history. Social capital is established as an important component of institutional economic analysis and particularly relevant in situations where social capital has been eroded by political economic manipulations. Attending to social capital require (inter alia) insight into the nature of the societal context, implied path dependency, the extent of trust, enforcement mechanisms, and agency relations. Three of the papers attend to these aspects.
AFRIKAANSE OPSOMMING: Die proefskrif bevat 'n toepassing van institusionele ekonomie op kontemporere ekonomiese- en ontwikkelingskwessies in Suid Afrika. Die nuwe institusionele ekonomie het veel te hied tot ekonomiese ontwikkelingsinisiatiewe vera! in agribesigheid. Institusies word beskou as essentieel tot die funksionering van die ekonomie, markte en organisasies, ongeag, die nalaat daarvan in die neoklassieke ekonomie. Die studie poog om te bewys dat 'institusies geld', vera! wanneer sosiale en ekonomiese transformasie noodsaaklik is. Die teoretiese basis wat gevestig is in die proefskrif, vind toepassing op ekonomiese ontwikkelingsuitdagings wat insluit kontraktering, organisatoriese innovasie, ekonomiese bemagtiging, grondhervorming, bou van sosiale kapitaal, organisatoriese ontwerp, waardeketting bestuur, entrepreneurskap ontwikkeling, en modes vir konstruktiewe omgang. Die studie begin met teoretiese 'n ondersoek in die meer populere nuwe institusionele ekonomiese literatuur, en spesifiek transaksie koste ekonomie. Dit lei later tot 'n onverwagse waardering vir die insigting wat die ou institusionele ekonomie genereer, wanneer die aard van institusies bestudeer word. Gevolglik, verkry die ou institusionele ekonomie prominensie in die latere deel van die studie, in teenstelling met die landbou ekonomiese benaderings wat deesdae bespeur word. Die erkenning aan sosiale kapitaal en institusionele ingeworteldheid is in tred Williamson se voorgestelde raamwerk vir die ekonomie van institusies is word gebruik as die konseptuele raamwerk in die tesis. Waar die nuwe institusionele ekonomie nuttig is in die werwing van kennis, is die ou institusionele ekonomie nuttig in die kweek van insig en verstaan van probleme en kompleksiteit. Die proefskrifword op twee maniere hierdeur beinvloed. Eerstens, leun die latere deel van die werk meer na die ou institusionele ekonomie en die rol van sosiale kapitaal in die vorming van institusies en ekonomiese gedrag. Tweedens, verskaf dit 'n fokus op die teoriee oor die aard van die firma wat komplimenter staan tot transaksie koste ekonomie. Die transaksie koste benadering word aangewend in die ontleding van vertikale integrasie tussen firmas en die relevante ex ante insentiewe en ex post strukture, waar dit vera! nuttig is. Meeste studies erken die invloed van institusies op ekomiese uitkomste en gebruik hoofsaaklik die nuwe institusionele ekonomie en transaksie koste ekonomie. Hierdie vooroordeel ten opsigte van transaksie koste ekonomie, vind byval as gevolg van die vermoe om strukturele en organisatoriese uitkomstes te voorspel soos die doeltreffendheidsdrumpel van firmas, interne orgasnisasie, kontrakte, insentiewe, ens. Metodologies, moedig dit empiriese en wiskundige benaderings tot ontleding aan, wat ongelukkig a! die doe! geword het in vele ekonomiese ondersoeke. Drie van die referate wat in die proefskrif vervat word, behels die identifisering van toepaslike organisatoriese ontwerpe wat geskoei is op die transaksie kostes wat geldentifieer is. Die studie bevestig dat sekere aspekte van belang is in institusionele ondersoeke, vera! in 'n ekonomiese ontwikkelingskonteks soos Suid Afrika. Historiese konteks, word erken as a kritieke faktor in institusionele ontledings, in die sin dat institusies onontbeerlik deur geskiedkundige kragte gevorm word. Sosiale kapitaal word ook erken as 'n belangrike komponent in institusionele ekonomiese ontledings, vera! in omstandighede waar sosiale kapitaal verweer het as gevolg van polities ekonomiese manipulasies. Dit veries dat aandag geskenk work aan, ( onder and ere) sosiale konteks, gelmpliseerde koers afhanklikheid, vertoue, afdwingbare meganismes, en agentskap verhoudings. Drie van die referate word hieraan gewy.
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Williams, Andrew. "The link between institutional quality and economic growth : evidence from a panel of countries." University of Western Australia. School of Economics and Commerce, 2007. http://theses.library.uwa.edu.au/adt-WU2007.0053.
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[Truncated abstract] The links between the quality of a country’s institutions and its level of economic development is an important, and growing, area of research in economics. Broadly speaking, these institutions define the ‘rules of the game’, or the conditions under which firms and individuals operate within and between markets. The better the quality of these institutional arrangements, the more confidence market participants have to conduct transactions. Although the links between these institutions and economic growth have been empirically tested many times (and shown to be extremely important), several gaps still exist in our understanding of this relationship. Two of the more important issues are (i) what the causal relationship may be between institutions and economic growth, and (ii) what the (undoubtedly complex) transmission mechanisms may be between them . . . Using a variety of alternative variables and samples, the evidence presented here strongly suggests that institutional quality is a major causal determinant of investment and human capital (particularly higher levels of education), as well as having an additional (though weaker) causal effect on growth itself. There is also an indication that there is reverse causality running from economic growth back to institutions. The evidence of a causal relationship between institutional quality and trade remains somewhat mixed, however, there is a strong suggestion that the influence of trade on institutional quality depends heavily on what type of goods are being traded (specifically, primary commodities or manufactured goods).
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Dildar, Yasemin. "Institutional Approaches To Technology And Economic History." Master's thesis, METU, 2009. http://etd.lib.metu.edu.tr/upload/3/12610822/index.pdf.
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This thesis is an attempt to reassess the long debated issues of economic history from the perspective of institutional economics. Besides examining different approaches to technology and its impact on economic and social life, it analyzes the role of institutions in history. It discusses the institutional interpretations of the critical developments of economic history such as, the Industrial Revolution and the Great Divergence, with an emphasis on differences between the two scholarly traditions, namely, the Original Institutional Economics and the New Institutional Economics. Although the arguments of New Institutionalists concerning the role of technology in history have been effectively incorporated into the economic history research, the potential contributions of the Original Institutional Economics to the study of economic history have remained for the most part unexplored. The aim of this thesis is to demonstrate the relevance and importance of original institutional analysis with respect to technology and economic history.
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Rhinesmith, Jonathan. "Essays on the Dynamic Strategies and Skill of Institutional Investors." Thesis, Harvard University, 2016. http://nrs.harvard.edu/urn-3:HUL.InstRepos:33493543.
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This dissertation studies the behavior of institutional investors, who control a large share of the world's investment capital, with the goal of shedding light on when and how those investors reveal information. Guided by economic intuition, I highlight instances in which the trades of fund managers are particularly informative. I focus on hedge funds and present evidence that in these instances funds' decisions predict future asset price movements.
These results demonstrate that fund managers possess valuable information. At the same time, my findings support a view of the world in which fund managers have more capital than what they allocate to opportunities with high expected returns. Hedge funds may be “smart” -- they may be able to identify mispriced securities -- while still delivering poor returns to their investors.
Chapter 1 presents evidence that price impact is an important consideration even at the quarterly time horizon of the trades I observe. If fund trades generate price impact, and if price impact is a function of volume, then funds should only be willing to trade a large share of volume when their information is compelling. Indeed, I find that hedge funds predict future stock returns when they purchase a large share of volume. I also provide evidence that the price impact of fund trades incorporates information into stock prices. If informative prices impact real economic decision making then these findings support the welfare relevance of the active management industry.
Chapter 2 shows that funds avoid adding to losing positions. When they do, however, they predict future stock-level outperformance. These results are consistent with a career risks mechanism, as adding to a losing position corresponds to reverse window dressing. They also suggest a position-level limits-to-arbitrage effect.
Chapter 3 demonstrates that hedge funds frequently buy back into stocks they have held in the past. This phenomenon occurs much more often than it would by chance. I use these findings to argue that fund managers develop company-specific expertise that persists over time. When funds establish expert positions after poor past stock-level performance, they predict future stock-level excess returns.Economics
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Šeputienė, Janina. "The evaluation of the impact of institutional environment on economics." Doctoral thesis, Lithuanian Academic Libraries Network (LABT), 2010. http://vddb.laba.lt/obj/LT-eLABa-0001:E.02~2010~D_20100303_133234-62136.
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The dissertation investigates the impact of institutional environment on economics, considering the impact of international trade and geography factors as well. Aforementioned factors are called “deep determinants” of economic development, as they influence proximate determinants of economic growth – investments, human capital, and technology. The main object of research is the impact of institutional environment on countries’ economics. The primary aim is to reason the impact of institutional environment on economics by means of analysis of theoretical and empirical studies and to evaluate and compare this impact between countries where institutional environment is different.
The major tasks: to explain the function of institutions and its impact on economics; to summarize the results of empirical studies on the impact of institutions on economics, to highlight the main debatable questions, to reveal the main shortcomings of the applied methodology; to create a model for the evaluation of the impact of institutional environment on economics and to test it in groups of countries where institutional environment is different.
The dissertation consists of three parts including Introduction, 3 chapters, Conclusions, References and 16 Annexes.
The introduction reveals the investigated problem, importance of the thesis and the object of research and describes the purpose and tasks of the paper, research methodology, scientific novelty, the practical significance of the results and... [to full text]Disertacijoje nagrinėjamas institucinės aplinkos poveikis ekonomikai, taip pat atsižvelgiant į tarptautinės prekybos ir geografinius veiksnius. Paminėti veiksniai mokslinėje literatūroje įvardijami kaip „gilieji“ ekonomikos augimo ir plėtros veiksniai, lemiantys tiesioginius augimo veiksnius: investicijas, žmogiškąjį kapitalą, technologijas. Pagrindinis tyrimo objektas yra institucinės aplinkos poveikis šalių ekonomikai. Pagrindinis disertacijos tikslas – remiantis teoriniais teiginiais bei empiriniais tyrimais pagrįsti institucinės aplinkos poveikį šalių ekonomikai, atlikti poveikio vertinimą ir palyginimą skirtingos institucinės aplinkos šalių grupėse. Pagrindiniai darbo uždaviniai: atskleisti institucijų funkcijas ir pasireiškiantį poveikį ekonomikai; susisteminti empirinių institucijų poveikio ekonomikai tyrimų rezultatus, išskirti pagrindinius diskusinius klausimus, atskleisti taikytų tyrimo metodikų trūkumus; sudaryti institucinės aplinkos poveikio ekonomikai vertinimo modelį ir jį patikrinti skirtingos institucinės aplinkos šalių grupėse. Disertaciją sudaro įvadas, trys skyriai, rezultatų apibendrinimas, naudotos literatūros ir autorės publikacijų disertacijos tema sąrašai ir 16 priedų. Įvadiniame skyriuje aptariama tiriamoji problema, darbo aktualumas, tyrimų objektas, formuluojamas darbo tikslas bei uždaviniai, aprašoma tyrimų metodika, darbo mokslinis naujumas, darbo rezultatų praktinė reikšmė, ginamieji teiginiai. Įvado pabaigoje pristatomos disertacijos tema... [toliau žr. visą tekstą]
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Werner, Stephan Klaus. "The institutional and behavioral economics of professional sports leagues /." Aachen : Shaker, 2009. http://aleph.unisg.ch/hsgscan/hm00263096.pdf.
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Gurpinar, Erkan. "Critical Realism As A Rival Methodology For Institutional Economics." Master's thesis, METU, 2008. http://etd.lib.metu.edu.tr/upload/12610068/index.pdf.
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The aim of the thesis is to clarify the methodology of the original institutional economics and then to evaluate the current attempts to utilize critical realism as a superior methodology for it. After sketching the historical background of the discussions surrounding methodology of science and
19th century economic methodology, the thesis separately analyses the methodology of institutional economics and critical realist stance in the philosophy of science. A critical discussion of the subject matter reaches to the conclusion that critical realism does not offer a better methodology for
institutional economics.
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Werner, Stephan Klaus. "The institutional and behavioral economics of professional sports leagues." Aachen Shaker, 2008. http://d-nb.info/993791425/04.
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Talbot-Jones, Julia. "The Institutional Economics of Granting a River Legal Standing." Phd thesis, Canberra, ACT : The Australian National University, 2017. http://hdl.handle.net/1885/132935.
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The governance of water is of increasing concern to
policy analysts. Several property rights systems, which allow for
ownership of water by the individual, community, or state have
been advocated, but no approach has been uniformly successful in
resolving water quality or scarcity issues. In some cases,
identifying alternative property rights arrangements for
governing water systems could be useful. This research examines
how a river system can be granted legal standing and the
institutional economic effects of doing so. It is the first
academic treatment of this subject. Focusing on the case of the
Whanganui River, New Zealand, a careful critique of the new
property rights arrangement - termed resource self-determination
- is given. Using Ostrom’s Institutional Analysis and
Development (IAD) framework, game theory, and economic
experiments, the economic and socio-ecological outcomes observed
under state ownership are compared with the outcomes expected
under resource self-determination. To understand how and why the
new property rights approach was identified for the Whanganui
River, a critical analysis of the institutional variables central
to the identification of resource self-determination is also
undertaken using a new dynamic version of the IAD framework
developed as part of this research. The results of the study
suggest that the implementation of resource self-determination is
likely to result in an increase in transaction costs and a
redistribution of water within the system, but that the new
framework could successfully deliver on the objectives of the new
legislation. For policy makers interested in replicating the
approach for other river systems, words of caution, as well as
recommendations, are offered.
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Price, Brendan. "Labor market adjustment to globalization, automation, and institutional reform." Thesis, Massachusetts Institute of Technology, 2017. http://hdl.handle.net/1721.1/111348.
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Thesis: Ph. D., Massachusetts Institute of Technology, Department of Economics, 2017.Cataloged from PDF version of thesis.
Includes bibliographical references.
This thesis analyzes how national and local labor markets re equilibrate after shocks to labor market institutions (Chapter I), demand (II-III), and supply (IV). Chapter I analyzes Germany's 2005 Hartz IV reform, which lowered the generosity of longterm UI benefits available once short-term benefits run out. Using administrative records, I exploit cross-worker heterogeneity in the timing of when Hartz IV bites to estimate how long-term benefit cuts affect jobless durations, wages, and job characteristics. The job-finding hazard starts rising several months before cuts bind, culminating in a larger "spike at UI exhaustion" under Hartz IV. I find that UI reform reduced the probability of a one-year jobless spell by 12.4 percent, with employment gains driven by full-time jobs. Consistent with lower reservation utility, workers experiencing benefit cuts accept lower-paying jobs. Chapter II (joint with Daron Acemoglu, David Autor, David Dorn, and Gordon Hanson) argues that Chinese import competition, which surged after 2000, was a major force behind both recent reductions in US manufacturing employment and-through input-output linkages and other general equilibrium channels-weak overall job growth. Our central estimates suggest import induced job losses over 1999-2011 in the range of 2.0-2.4 million. Chapter III (joint as above) reassesses the conventional wisdom that IT is revolutionizing productivity while making workers redundant. Examining IT usage in US manufacturing, we find only mixed evidence of faster productivity growth in IT-intensive industries. Surprisingly, output in IT-intensive industries falls relative to other manufacturing industries. Productivity increases, when detectable, reflect even faster employment declines. Chapter IV exploits German high school reforms to estimate the labor market effects of sharp fluctuations in cohort size. These reforms, which eliminated grade 13 at upper-track high schools, led to an idiosyncratically timed "double cohort" in each reforming state, as students graduated under both old and new curricula. Consistent with the fact that a modest share of upper-track students enter firm-based apprenticeships after graduation, new training contracts jump by about 2 percent in double-cohort years. This increase is driven by upper-track graduates; I find no clear evidence that other graduates are crowded out, but the results are imprecise.
by Brendan Price.
I. The Duration and Wage Effects of Long-Term Unemployment Benefits: Evidence from Germany's Hartz IV Reform -- II. Import Competition and the Great US Employment Sag of the 2000s (joint with Daron Acemoglu, David Autor, David Dorn, and Gordon Hanson) -- III Return of the Solow Paradox? IT, Productivity, and Employment in US Manufacturing (joint with D. Acemoglu, D. Autor, D. Dorn, and G. Hanson) -- IV. Can Local Labor Markets Absorb Crowded Cohorts? Evidence from German High School Reforms.
Ph. D.
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Yu, Xiaoling. "INSTITUTIONAL LEARNING IN ECONOMIC GROWTH: AN INNOVATION SYSTEMS APPROACH." Case Western Reserve University School of Graduate Studies / OhioLINK, 2013. http://rave.ohiolink.edu/etdc/view?acc_num=case1347892629.
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Wärneryd, Karl. "Economic conventions : essays in institutional evolution." Doctoral thesis, Handelshögskolan i Stockholm, Samhällsekonomi (S), 1990. http://urn.kb.se/resolve?urn=urn:nbn:se:hhs:diva-917.
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Conventions are social institutions that solve recurrent coordination problems. Many of the written and unwritten rules that make up a modern market society may be said to have the coordinative property. This dissertation uses a game-theoretical framework to discuss the emergence and functioning of conventions of communication, private property rights, money, and the firm. In each case the anlysis provides new insigts for these classical areas of economic inquiry.Diss. Stockholm : Handelshögskolan, 1990
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Williams, Andrew. "The link between institutional quality and economic growth : evidence from a panel of countries /." Connect to this title, 2006. http://theses.library.uwa.edu.au/adt-WU2007.0053.
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Dincer, Oguzhan C. "Three essays on the effects of institutional quality on economic growth and development /." view abstract or download file of text, 2004. http://wwwlib.umi.com/cr/uoregon/fullcit?p3136409.
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Thesis (Ph. D.)--University of Oregon, 2004.Typescript. Includes vita and abstract. Includes bibliographical references (leaves 82-84). Also available for download via the World Wide Web; free to University of Oregon users.
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McLean, Gary. "Institutional capacity in the context of an objective one region : a case study of South Yorkshire." Thesis, Sheffield Hallam University, 2003. http://shura.shu.ac.uk/20045/.
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The notion that institutional capacity matters to regional economic performance has grown in recent years (Evans and Harding, 1997; Gibbs, 2001; Healey, 1997). However, little work has focused on issues surrounding the impact of institutional capacity on major (sub) regional investment programmes such as that afforded through Objective 1 designation. Research has been undertaken into the notion of'social capital' (Putnam, 1993) and enhancing the role of local government (Osborne and Gaebler, 1992). A body of work has explored regeneration networks and partnerships (Rhodes, 1997; Skelcher et al, 1996). Less has been undertaken on developing a framework through which to define and examine institutional capacity, exploring institutional capacity across a range of stakeholders, in sub regions subject to additional funding, and through time. This thesis attempts to help fill the gap that exists in the current literature. The research proposal is designed to develop a methodology through which to define and explore the notion of institutional capacity at the sub regional level; to undertake longitudinal research through which to assess the evolving nature of capacity in the region; to examine existing theories of governance and their relevance to institutional capacity within the context of a programme such as Objective 1; to provide a theoretical explanation of institutional capacity; and to assist in the creation of a sustainable and inclusive approach towards the regeneration of South Yorkshire within the context of Objective 1. This thesis undertakes this task by the use of semi-structured interviews and case studies in exploring the development of institutional capacity in the South Yorkshire Objective 1 Programme. The thesis explores the usefulness of four theories associated with notions of Governance and Power and argues that the development of institutional capacity in the South Yorkshire Objective 1 Programme is best explained by synthesising across these approaches and formulating a new approach defined as 'Bureaucratic Multi-level Governance'.
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Pessali, HuaÌscar Fialho. "A rhetorical analysis of Oliver Williamson's transaction cost economics." Thesis, University of Hertfordshire, 2003. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.289667.
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Wiberg, Daniel. "Institutional Ownership - the Anonymous Capital : Corporate Governance and Investment Performance." Doctoral thesis, Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Nationalekonomi, 2008. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-11479.
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This thesis consists of five separate essays and an introductory chapter, The essays can be read independently from each other, but they are all in the field of corporate governance and investment performance. Specifically, the focus is on the role of institutional owners in the conflict between controlling shareholders and minority owners. The essays mainly contribute to the empirical literature on corporate governance and investment performance. In four of the five essays, panel data methods are used in the empirical investigation. The first essay investigates time and industry specific factors in the evaluation of firms’ investment performance, measured by marginal q. Significant differences in valuation is found between firms, depending on the market sentiments and industry affiliation. The second essay focuses on the role of institutional owners in relation to firms’ investment performance. Institutional owners are found to have a positive influence on firms’ investment performance. By studying a large panel of Swedish listed firms the essay also provides evidence on the relationship between control enhancing mechanism, such as vote-differentiated shares, and investment performance. The third essay looks at the role of institutional owners from the perspective of dividend policy. It is shown that institutional owners demand higher dividends to compensate for aggravated agency conflicts due to vote-differentiated shares. The fourth essay investigates the performance of European firms from a long run perspective. Firm profits converge over time, but this convergence is incomplete. Investment in R&D is put forward as an explanation for persistent profits above the norm. The fifth and last essay looks at individual mutual funds and specifically how to measure risk-adjusted performance. The results show that Swedish bond funds underperform their benchmark, even when risk-adjusted to the same level of risk.