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2004

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Institution
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Articles 31 - 34 of 34

Full-Text Articles in Eastern European Studies

Ownership Concentration And Corporate Performance On The Budapest Stock Exchange: Do Too Many Cooks Spoil The Goulash?, John S. Earle, Csaba Kucsera, Álmos Telegdy Feb 2004

Ownership Concentration And Corporate Performance On The Budapest Stock Exchange: Do Too Many Cooks Spoil The Goulash?, John S. Earle, Csaba Kucsera, Álmos Telegdy

Upjohn Institute Working Papers

We examine the impact of ownership concentration on firm performance using panel data for firms listed on the Budapest Stock Exchange, where ownership tends to be highly concentrated and frequently involves multiple blocks. Fixed-effects estimates imply that the size of the largest block increases profitability and efficiency strongly and monotonically, but the effects of total blockholdings are much smaller and statistically insignificant. Controlling for the size of the largest block, point estimates of the marginal effects of additional blocks are negative. The results suggest that the marginal costs of concentration may outweigh the benefits when the increased concentration involves "too …


Romania, Bulgaria, The United States And The European Union: The Rules Of Empowerment At The Outskirts Of Europe, Dana Neacsu Jan 2004

Romania, Bulgaria, The United States And The European Union: The Rules Of Empowerment At The Outskirts Of Europe, Dana Neacsu

Law Faculty Publications

After the collapse of the Soviet Union, the United States came to Eastern Europe spreading the gospel of democracy and the American Rule of Law. In addition to encouraging Western ideology, the United States was there to forge new economic relationships and, following the terrorist attacks of September 11, 2001, to accelerate the creation of military alliances through membership in the North Atlantic Treaty Organization (NATO) and the newly-formed "coalition of the willing." Romania and Bulgaria, among other former Soviet satellites, welcomed the invitation. Romania and Bulgaria are small countries which share similar economic pressures as they attempt to emerge …


Culture And Ethnicity's Role In Sino-U.S. Foreign Policy Relations, Richard D. Giles Ii Jan 2004

Culture And Ethnicity's Role In Sino-U.S. Foreign Policy Relations, Richard D. Giles Ii

Seton Hall University Dissertations and Theses (ETDs)

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From Principle To Practice: Constitutional Principles And The Transformation Of Party Finance In Germany And Italy, Riccardo Pelizzo Jan 2004

From Principle To Practice: Constitutional Principles And The Transformation Of Party Finance In Germany And Italy, Riccardo Pelizzo

Research Collection School of Social Sciences

The paper investigates the development of party finance and party finance legislation in Germany and Italy. The main claim of the paper is that the differences between German and Italian party finance reflect differences in the party finance legislation enacted in the two countries, which, in their turn, are a result of how the German and the Italian constitutional principles were translated into practice.