| Description |
1 online resource (41 pages) |
| Series |
IMF Working Papers |
|
IMF Working Papers
|
| Contents |
I. Introduction; II. Related Literature; III. Data, Empirical Methodology and Regressions Results; A. Data; B. State-Level Regressions; C. State-Industry Level Benchmark Regressions; D. Robustness Checks; IV. Conclusions; Figures; 1a. The Adpotion of Financial Deregulation; 1b. The Adoption of Anti-Takeover Statutes; 1c. The Adpotion of Employment Protection; 2a. The Pattern of Financial Deregulation and Adoption of Employment Protection; 2b. The Pattern of Financial Deregulation and Adoption of Employment Protection; Tables; 1a. Correlations Among State-Level Institutional Change |
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1b. Correlations Among Industry-Level Characteristics1c. Averages and Standard Deviations of Main Variables; 2a. State Level Regressions-Gross State Product; 2b. State Level Regressions-Non-Financial Sector Gross State Product; 3. State-Indistry Level Regressions-Benchmark (Schooling); 4. State-Industry Level Regressions-Intangible/Fixed Assets; 5. State-Industry Level Regressions-Sales/Fixed Assets; 6a. State-Indistry Level Regressions-Panel GMM for AR(1) Specification; 6b. State-Indistry Level Regressions- Panel GMM for AR(2) Specification; References |
| Summary |
Traditionally, the impacts of the rights of financial institutions and workers on corporate performance have been analyzed independently. Yet, theory clearly indicates that the combination of relative powers of different stakeholders affects a firm overall performance. Using U.S. state level and state-industry level data, we investigate how output growth is affected by bank branch deregulation and employment protection occurring over 1972-1993. We find that financial liberalization positively impact overall state growth but greater workers' rights affects it ambiguously. At the industry level |
| Bibliography |
Includes bibliographical references |
| Notes |
English |
|
Print version record |
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Online resource; title from PDF front page (ebrary, viewed February 26, 2014) |
| Subject |
Banks and banking -- State supervision -- United States
|
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Working class -- United States.
|
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Corporate governance -- United States
|
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Industrial productivity -- United States
|
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Banks and banking -- State supervision
|
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Corporate governance
|
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Industrial productivity
|
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Working class
|
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United States
|
| Form |
Electronic book
|
| Author |
Ueda, Kenichi
|
| ISBN |
1462341667 |
|
9781462341665 |
|
1452783381 |
|
9781452783383 |
|
1451870876 |
|
9781451870879 |
|
9786612841804 |
|
661284180X |
|
1282841807 |
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9781282841802 |
|
