Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Aggregate productivity (1)
- Asian economics (1)
- Chinese banking system (1)
- Dispersed ownership (1)
- Economic growth (1)
-
- Economic sociology (1)
- Economic theories (1)
- Entrepreneurs (1)
- Financial governance (1)
- Financial intermediaries (1)
- Financial regulation (1)
- Financial system (1)
- Global Financial Crisis (1)
- Global financial network (1)
- Governance (1)
- Human resource management (HRM) (1)
- Index insurance (1)
- Indian rainfall index insurance market (1)
- Microinsurance (1)
- Minority shareholders (1)
- Organization (1)
- Political economy (1)
- Private ordering (1)
- Product design (1)
- Product distribution (1)
- Retail level (1)
- Sovereign wealth fund (SWF) (1)
Articles 1 - 4 of 4
Full-Text Articles in Law
Sovereign Wealth Funds And Global Finance, Katharina Pistor
Sovereign Wealth Funds And Global Finance, Katharina Pistor
Faculty Scholarship
This chapter focuses on a number of specific sovereign wealth funds (SWFs) whose portfolios indicate strong interests in finance both in their home countries and abroad. It first reviews empirical evidence that shows SWFs having been major investors in Western financial intermediaries for decades. It then considers the organization and governance of SWFs, with particular emphasis on the three main schools of thought as well as the predictions one can derive from them vis-à-vis the behavior of individual actors in the global financial network: economic theories, economic sociology, and political economy. It also presents case studies that “test” these theories …
The Governance Of China’S Finance, Katharina Pistor
The Governance Of China’S Finance, Katharina Pistor
Faculty Scholarship
This chapter examines the governance of China's financial system, which, it shows, cannot be adequately explained using conventional paradigms that rely on ownership and legal or regulatory controls alone. Instead, China's governance regime relies heavily on human resource management, which uses control rights over the career path of top-level financial cadres. A commentary is included at the end of the chapter.
Dispersed Ownership: The Theories, The Evidence, And The Enduring Tension Between "Lumpers" And "Splitters", John C. Coffee Jr.
Dispersed Ownership: The Theories, The Evidence, And The Enduring Tension Between "Lumpers" And "Splitters", John C. Coffee Jr.
Faculty Scholarship
This article argues that dispersed ownership resulted less from inexorable forces and more from private ordering. Neither legal nor political conditions mandated or prevented the appearance of dispersed ownership. Rather, entrepreneurs, investment bankers, and investors — all seeking to maximize value — sometimes saw reasons why selling control into the public market would maximize value for them. But when and why? That is the article's focus. It argues that law played less of a role than specialized intermediaries — investment banks, securities exchanges, and other agents — who found it to be in their self-interest to foster dispersed ownership and …
Microinsurance: A Case Study Of The Indian Rainfall Index Insurance Market, Xavier Giné, Lev Menand, Robert W. Townsend, James Vickery
Microinsurance: A Case Study Of The Indian Rainfall Index Insurance Market, Xavier Giné, Lev Menand, Robert W. Townsend, James Vickery
Faculty Scholarship
Efforts have been made in India and other countries in recent years to develop formal insurance markets to improve diversification of weather-related income shocks. This article aims to survey the features of one of these markets, the Indian rainfall index insurance market. “Index insurance” refers to a contract whose payouts are linked to a publicly observable index; in this case, the index is cumulative rainfall recorded on a local rain gauge during different phases of the monsoon season. This form of insurance is now available at a retail level in many parts of India, although these markets are still in …