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Introduction

Francesca Carnevali

in Europe's Advantage: Banks and Small Firms in Britain, France, Germany, and Italy since 1918

Published in print:
2005
Published Online:
September 2006
ISBN:
9780199257393
eISBN:
9780191603846
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199257396.003.0001
Subject:
Economics and Finance, Economic History

This chapter explores the literature on the economic importance of small firms in terms of employment and technological change. It considers why small firms are reliant on commercial banks for ... More


Political Competition and the Reform Trajectories of Post‐Communist States

Milada Anna Vachudova

in Europe Undivided: Democracy, Leverage, and Integration After Communism

Published in print:
2005
Published Online:
April 2005
ISBN:
9780199241194
eISBN:
9780191602382
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199241198.003.0002
Subject:
Political Science, European Union

The quality of political competition at the moment of regime change determined whether East European states embarked on a liberal or an illiberal pattern of political change after 1989. It was ... More


Codification, Abstraction, and Firm Differences: A Cognitive Information‐based Perspective

Max H. Boisot, Ian C. MacMillan, and Kyeong Seok Han

in Explorations in Information Space: Knowledge, Actors, and Firms

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199250875
eISBN:
9780191719509
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199250875.003.0004
Subject:
Business and Management, Knowledge Management

The resource-based view shares with population ecology, organizational systematics, organizational cladistics, and institutional theory a concern with why firms differ and with what keeps them ... More


Can Utilitarian-Welfare (Economic) Theory Justify Boilerplate Deletion of Rights?

Margaret Jane Radin

in Boilerplate: The Fine Print, Vanishing Rights, and the Rule of Law

Published in print:
2012
Published Online:
October 2017
ISBN:
9780691155333
eISBN:
9781400844838
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691155333.003.0006
Subject:
Law, Company and Commercial Law

This chapter examines whether boilerplate rights deletion schemes can be justified by the “contract-as-product” theory. The contract-as-product theory attempts to sidestep the issue of consent by ... More


Quality Regulation

Sheilagh Ogilvie

in The European Guilds

Published in print:
2019
Published Online:
May 2019
ISBN:
9780691137544
eISBN:
9780691185101
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691137544.003.0006
Subject:
Economics and Finance, Economic History

This chapter examines one major market failure that guilds might have helped solve: the potential for information asymmetries between producers and consumers about the quality of goods and services. ... More


Information, Finance, and Markets: The Architecture of Allocative Mechanisms 1

B. Greenwald and J. E. Stiglitz

in Understanding Industrial and Corporate Change

Published in print:
2004
Published Online:
September 2007
ISBN:
9780199269426
eISBN:
9780191710179
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199269426.003.0006
Subject:
Business and Management, Organization Studies

This chapter provides a formal model for incorporating finance within the theory of the firm and for a more nuanced reading of the evolution of capitalistic economies. Financial markets emerged as ... More


Three Perspectives on Policy

Joseph E. Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar

in Stability with Growth: Macroeconomics, Liberalization and Development

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199288144
eISBN:
9780191603884
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199288143.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

Despite progress in economic science, important disagreements remain about the conduct of macroeconomic policy. This chapter identifies three broad policy positions (‘conservative’ or ‘neoclassical’, ... More


Normative Degradation: Deleting Rights without Consent in the Name of Contract

Margaret Jane Radin

in Boilerplate: The Fine Print, Vanishing Rights, and the Rule of Law

Published in print:
2012
Published Online:
October 2017
ISBN:
9780691155333
eISBN:
9781400844838
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691155333.003.0002
Subject:
Law, Company and Commercial Law

This chapter examines the normative degradation caused by the apparent lack of consent to boilerplate. It first considers the varieties of nonconsent to which consent is contrasted, including ... More


The Labour Market and the Distribution of Income: The Neo‐Classical Approach

Tsuneo Ishikawa

in Income and Wealth

Published in print:
2002
Published Online:
November 2003
ISBN:
9780198288626
eISBN:
9780191596469
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/019828862X.003.0003
Subject:
Economics and Finance, Public and Welfare

This chapter addresses the question of how the resources of labour power are supplied to alternative uses from the neoclassical viewpoint of individual rational choice, and further explains various ... More


Origin of the Winner's Curse

G. Anandalingam and Henry C. Lucas

in Beware the Winner's Curse: Victories that Can Sink You and Your Company

Published in print:
2004
Published Online:
September 2007
ISBN:
9780195177404
eISBN:
9780199789559
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195177404.003.0001
Subject:
Business and Management, Strategy

The winner’s curse, at its core, is driven by information asymmetry because the buyer does not know the true value of the acquisition. Overpayment occurs beyond auctions; in fact, the possibility of ... More


Credit Puzzles

Akos Rona-Tas and Alya Guseva

in Plastic Money: Constructing Markets for Credit Cards in Eight Postcommunist Countries

Published in print:
2014
Published Online:
September 2014
ISBN:
9780804768573
eISBN:
9780804789592
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804768573.003.0004
Subject:
Sociology, Economic Sociology

This chapter continues the discussion in the previous chapter focusing on the puzzles related to the consumer loan side of the credit card--information asymmetry, information sharing and market ... More


Multinational Restructuring

PENGCHENG ZHU

in International Finance: A Survey

Published in print:
2012
Published Online:
May 2013
ISBN:
9780199754656
eISBN:
9780199979462
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199754656.003.0020
Subject:
Economics and Finance, Financial Economics, International

Multinational corporations use cross-border mergers and acquisitions (M&As) as an important restructuring strategy. Multiple motivations exist for cross-border M&As. Most studies focus on returns ... More


The Financial Crisis of 2007–8 and its Macroeconomic Consequences 1

Joseph E. Stiglitz

in Time for a Visible Hand: Lessons from the 2008 World Financial Crisis

Published in print:
2010
Published Online:
February 2010
ISBN:
9780199578801
eISBN:
9780191723285
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199578801.003.0002
Subject:
Economics and Finance, Macro- and Monetary Economics, Financial Economics

The global financial crisis is distinctive in its origins, its magnitude, and its consequences. This chapter examines the failures that led to the crisis and, in particular, the important role played ... More


The Structure and Regulation of Insurance Markets

Peter d. Spencer

in The Structure and Regulation of Financial Markets

Published in print:
2000
Published Online:
October 2011
ISBN:
9780198776093
eISBN:
9780191695384
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198776093.003.0003
Subject:
Economics and Finance, Financial Economics

Insurance markets are different and special in many ways compared to other financial markets. From their informational structure, the purchaser or prospective insured or applicant is more likely to ... More


The Economic Role of Corporate Grouping and the Main Bank System

Takeo Hoshi

in The Japanese Firm: Sources of Competitive Strength

Published in print:
1994
Published Online:
October 2011
ISBN:
9780198288152
eISBN:
9780191684579
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198288152.003.0012
Subject:
Economics and Finance, South and East Asia

This chapter opens by describing several stylized facts of corporate grouping in general and the firm's relationship with its main bank in particular. It then goes on to summarize the main results of ... More


Plastic Money: Constructing Markets for Credit Cards in Eight Postcommunist Countries

Alya Guseva and Akos Rona-Tas

Published in print:
2014
Published Online:
September 2014
ISBN:
9780804768573
eISBN:
9780804789592
Item type:
book
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804768573.001.0001
Subject:
Sociology, Economic Sociology

This book draws on original fieldwork to provide a comparative analysis of emerging credit card markets in eight countries--the Czech Republic, Hungary, Poland, Bulgaria, Russia, Ukraine, China and ... More


Human Capital Investment

Sheilagh Ogilvie

in The European Guilds

Published in print:
2019
Published Online:
May 2019
ISBN:
9780691137544
eISBN:
9780691185101
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691137544.003.0007
Subject:
Economics and Finance, Economic History

This chapter explores how guilds dealt with human capital investment, a second sphere in which markets are often thought to fail. Many guilds imposed comprehensive training requirements, as in the ... More


The Lack of a Comprehensive Paradigm

Gavin Mooney

in Challenging Health Economics

Published in print:
2009
Published Online:
May 2009
ISBN:
9780199235971
eISBN:
9780191717086
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199235971.003.0003
Subject:
Economics and Finance, Public and Welfare

This chapter examines how health economists have dealt with the recognition that the market for health care fails. It examines the reasons for such failure and suggests that too little attention has ... More


Accountability, information, and yardstick competition

Pierre Salmon

in Yardstick Competition among Governments: Accountability and Policymaking when Citizens Look Across Borders

Published in print:
2019
Published Online:
May 2019
ISBN:
9780190499167
eISBN:
9780190499198
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190499167.003.0003
Subject:
Economics and Finance, Public and Welfare

The chapter follows the logic of the relation between downward accountability, the information asymmetry faced by voters or citizens, and yardstick competition. Assuming that the accountability ... More


Exit Strategies in Private Equity

Didier Folus and Emmanuel Boutron

in Private Equity: Opportunities and Risks

Published in print:
2015
Published Online:
August 2015
ISBN:
9780199375875
eISBN:
9780199375899
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199375875.003.0013
Subject:
Economics and Finance, Financial Economics

The main goal of a PE fund manager is to receive a return in excess of the price paid for the companies in the portfolio at the time of exit. Various exit strategies are available to fund managers ... More


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