Now showing items 151-160 of 175
The Impact of Ownership Reform in Chinese Industry, 1995-2001
(2003-02-01)
During the 1980s, the restructuring of Chinese industry was driven principally by the entry of new enterprises into the enterprise system and by the restructuring of managerial incentives. In 1993, China’s leadership ...
Nominal and Real Convergence in Estonia: The Balassa-Samuelson (dis)connection
(2003-04-01)
The objective of the paper is to analyse the nominal and real convergence process in Estonia drawing on the Balassa-Samuelson (B-S) framework. A 15-sectoral breakdown for GDP and a 5-digit level CPI data disaggregation ...
How has Economic Restructuring Affected China’s Urban Workers?*
(2003-10-01)
Using data from the China Urban Labor Survey conducted in five large Chinese cities at year end 2001, we quantify the nature and magnitude of shocks to employment and worker benefits during the period of economic structuring ...
Foreign banks in Bulgaria, 1875-2002
(2003-01-01)
We use the analogy of ecological succession as our conceptual framework. We apply this analogy to the history of foreign banks in Bulgaria and argue that the current predominance of foreign banks is unlikely to be permanent, ...
700 Families to Feed: The Challenge of Corporate Citizenship
(2003-01-01)
When Howard Lutnick, CEO of Cantor Fitzgerald, was first interviewed after September 11, 2001, a tragedy that devastated his firm and stole the life of his brother, Lutnick stated that he now had “700 families to feed.” ...
The Predictive Value of Expenses Excluded from Pro Forma Earnings
(Kluwer Academic Publishers; Springer Science+Business Media, 2003-06)
We investigate the informational properties of pro forma earnings. This increasingly popular measure of earnings excludes certain expenses that the company deems non-recurring, non-cash, or otherwise unimportant for ...
Technological Progress Through Trade Liberalization in Transition Countries
(2003-06-26)
Trade liberalization increases competitive pressures on domestic firms, and thus creates incentives for reducing costs of production through technological progress. Through this channel, backward countries get a chance to ...