Last edited by Yozshulmaran
Friday, July 31, 2020 | History

4 edition of How well do institutional theories explain firms" perceptions of property rights? found in the catalog.

How well do institutional theories explain firms" perceptions of property rights?

Meghana Ayyagari

How well do institutional theories explain firms" perceptions of property rights?

by Meghana Ayyagari

  • 180 Want to read
  • 1 Currently reading

Published by World Bank in [Washington, D.C .
Written in English

    Subjects:
  • Right of property -- Cross-cultural studies.

  • Edition Notes

    StatementMeghana Ayyagari, Asli Demirguc-Kunt, Vojislav Maksimovic, Research working paper Collection Title:Policy.
    GenreCross-cultural studies.
    SeriesPolicy research working paper ;, 3709, Policy research working papers (Online) ;, 3709.
    ContributionsDemirgüç-Kunt, Aslı, 1961-, World Bank.
    Classifications
    LC ClassificationsHG3881.5.W57
    The Physical Object
    FormatElectronic resource
    ID Numbers
    Open LibraryOL3478684M
    LC Control Number2005618829

    TOWARD A THEORY OF PROPERTY RIGHTS When a transaction is concluded in the marketplace, two bundles of property rights are exchanged. A bundle of rights often attaches to a physical commodity or service, but it is the value of the rights that de- termines the value of what is exchanged. Questions addressed to theFile Size: KB. innovations in the institutional rules that gov- erned property rights. In this view, as in Marxist history, property relations which were socially useful at one time become “fetters” on the further development of the forces of production, and an appropriate redefinition of property rights becomes necessary.

    Institutional quality and participation in global value chains • The more differentiated or tailored a good, the thinner is the market for the good and the more severe is the hold-up prob-lem.4 In other words, highly differentiated goods are more sen-sitive to the institutional environment. In . In an economy where property rights protection is weak, and thus firms' physical assets as well as products are not well protected, one's incentive to invest in these assets will be hindered. 11 This negative incentive on post-R&D investment feeds back to the R&D stage and lowers the return of R&D. An effective legal system to protect property Cited by:

    Over the past decade, institutional theory has emerged as an important way to explain the behaviour of firms in emerging markets (Buckley et al., , Child and Rodrigues, , Hoskisson et al., ). The theory suggests that institutional contexts (i.e., the combination of formal rules, informal constraints and their enforcement Cited by:   The method of protecting property rights changes, making the cost of securing property rights different. The method of stealing property rights changes, making property rights more or less secure. Property rights can evolve to include new subjects. A classic example is the development of water rights in the nineteenth-century American west.


Share this book
You might also like
Learning, adjustment, and stress disorders

Learning, adjustment, and stress disorders

Tortoise by candlelight.

Tortoise by candlelight.

The social life of George Washington ...

The social life of George Washington ...

Posthumous works of the author of A vindication of the rights of woman : in four volumes

Posthumous works of the author of A vindication of the rights of woman : in four volumes

New insights into structural properties of incommensurate inclusion compounds

New insights into structural properties of incommensurate inclusion compounds

Telegrams received by the Chinese delegation in support of their stand on the Shantung question.

Telegrams received by the Chinese delegation in support of their stand on the Shantung question.

Rapport de lexpédition à la baie dHudson et au détroit de Cumberland à bord du navire Diana

Rapport de lexpédition à la baie dHudson et au détroit de Cumberland à bord du navire Diana

Orcal conference, December 12-14, 1978, Anaheim, CA.

Orcal conference, December 12-14, 1978, Anaheim, CA.

The Little plays handbook

The Little plays handbook

Guidelines for the portrayal of violence on BBC television.

Guidelines for the portrayal of violence on BBC television.

House of Commons, 1790-1820

House of Commons, 1790-1820

Remarks on the vicars complaint, by way of petition, in the High Court of Chancery, against some of his parishioners for not paying their tythes, mortuaries, &c. By Amos Harrison

Remarks on the vicars complaint, by way of petition, in the High Court of Chancery, against some of his parishioners for not paying their tythes, mortuaries, &c. By Amos Harrison

Building Community

Building Community

How well do institutional theories explain firms" perceptions of property rights? by Meghana Ayyagari Download PDF EPUB FB2

How Well Do Institutional Theories Explain Firms ' Perceptions Of Property Rights. Share Page. Add to Favorites; Email; Download Citation; Get Citation Alert; Authors/Editors: Meghana Ayyagari, Asli Demirguc-Kunt and Vojislav Maksimovic. Abstract PDF (1MB) Cited By.

Get this from a library. How well do institutional theories explain firms' perceptions of property rights?. [Meghana Ayyagari; Aslı Demirgüç-Kunt] -- "The authors examine how well several institutional and firm-level factors and their interactions explain firms' perceptions of property rights protection.

Their sample includes private and public. Abstract We examine how well several institutional- and firm-level factors explain firms' perceptions of property rights protection. The institutional theories we investigate account for approximately 50% of the country-level variation, indicating that current research addresses first-order factors.

When we look at how well the different theories explain other firm level variables like sales growth, we find that the law and finance view is the third most dominant theory, albeit with lower explanatory power-it explains 18% of the total explainable variation in firms’ sales growth as compared to 25% of the variation in firms’ perceptions.

Abstract. We examine how well several institutional- and firm-level factors explain firms’ perceptions of property rights protection. The institutional theories we investigate account for approximately 50% of the country-level variation, indicating Cited by: The authors examine how well several institutional and firm-level factors and their interactions explain firms'perceptions of property rights protection.

The authors examine how well several institutional and firm-level factors and their interactions explain firms' perceptions of property rights protection. Their sample includes private and public firms that vary in size from very small to large in 62 countries.

Downloadable. The authors examine how well several institutional and firm-level factors and their interactions explain firms'perceptions of property rights protection. Their sample includes private and public firms that vary in size from very small to large in 62 countries.

Together, the institutional theories they investigate account for approximately 70 percent of the country-level variation. How well do institutional theories explain firms' perceptions of property rights. (English) Abstract. The authors examine how well several institutional and firm-level factors and their interactions explain firms' perceptions of property rights by: Ayyagari, Meghana; Asli Demirguc-Kunt, and Vojislav Maksimovic,How well do Institutional Theories Explain Firms Perceptions of Property Rights.

Review of Financial Studies 21(4), Ayyagari, Meghana ; Asli Demirguc-Kunt, and Vojislav Maksimovic,How Important are.

Meghana Ayyagari & Asli Demirgüc-Kunt & Vojislav Maksimovic, "How Well Do Institutional Theories Explain Firms' Perceptions of Property Rights?," Review of Financial Studies, Society for Financial Studies, vol. 21(4), pagesJuly.

How well do Institutional Theories Explain Firms Perceptions of Property Rights. ” Presented at: NBER Summer Research Conference, George Washington University, Annual Meetings of the Academy of International Business, University of Maryland Economics Department, File Size: 47KB.

We examine how well several institutional- and firm-level factors explain firms’ perceptions of property rights protection. The institutional theories we investigate account for approximately We begin this chapter on property rights with Libecap’s () Contracting for Property Rights,in which Libecap provides substantive research concerning the way property rights are formed.

Libecap’s research book is a synthesis of theory and history, which emphasizes the complex-ities of File Size: KB. The theory of property rights is a subsection of New Institutional Economics and studies the action and disposal rights for goods. Thebasic assumption of the theory is, that an efficient result can be achievedregardless of who is the owner of a resource but not without an owner or with more legal owners.

Actually goods without private property like the open access common. Property Rights: Right to Transfer ("Alienate") GENERAL RULE: any owner may freely alienate any property to anyone limited in scope by public policy. - In order.

Property rights give the owner or right holder the ability to do with the property what they choose. That includes holding on to it, selling or renting it out for profit, or transferring it to Author: Will Kenton.

Property rights are theoretical socially-enforced constructs in economics for determining how a resource or economic good is used and owned. Resources can be owned by (and hence be the property of) individuals, associations, collectives, or governments.

Property rights can be viewed as an attribute of an economic good. This attribute has four broad components and is often referred to as a. How Well Do Institutional Theories Explain Firms‘ Perceptions of Property Rights.

Information sharing and credit: Firm-level evidence from transition countries. Institutional causes of underdevelopment in the Middle East: A historical : Chukwunonye Obi-Ogulo Emenalo.

Theories of the Firm covers much of the current developments on the theory of a firm. A most comprehensive summary of transaction costs, principal-agent, and evolutionary theory of the firm can scarcely be found elsewhere. The book is highly pedagogical in that it is sometimes illustrative, sometimes mathematically challenging, and sometimes very.

Chapter IV Questions 1. What is the Property Rights Theory of the firm? Is this theory consistent with the theories of vertical integration describe in chapter 3? 2. Use Property Rights Theory to explain why stockbrokers are permitted to keep their client lists (i.e., continue to contact and do business with clients) if they are dismissed from their jobs and find employment at another Author: Gamelogic.The chapter explains the meaning of firms from the perspective of economic researchers in the past to the views of current dates.

Traditional model of a firm’s value is linked firmly with shareholders’ value. This traditional view is used in finance and in business for many years. To enhance a firms’ value, we need to maximize shareholders’ value.Countries that value property rights, prosper; countries that do not—don’t.

What ultimately does explain the difference in the levels of prosperity between nations is the institutional framework a country adopts—the most fundamental of these institutions being private property and the rule of law.