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on Law and Economics |
| By: | Hermann Hoffmann (George Washington University Law School, University of Bremen & ZenTra) |
| Keywords: | Access to Court, International Commercial Arbitration, International Litigation, Hague Convention, New York Convention, costs, social contract, European Convention on Human Rights, international transactions, commercial law, access to justice gap, global governance, fees |
| JEL: | A14 B15 F1 F14 F15 F23 K12 K4 K41 K42 L22 L14 |
| Date: | 2014–10 |
| URL: | http://d.repec.org/n?u=RePEc:zen:wpaper:37&r=law |
| By: | P. Buonanno; G. Prarolo; P. Vanin |
| Abstract: | This paper investigates the relationship between mafia and politics by focusing on the market for votes. It exploits the fact that in the early 1990s the Italian party system collapsed, new parties emerged and mafia families had to look for new political allies. It presents evidence, based on disaggregated data from the Italian region of Sicily, that between 1994 and 2008 Silvio Berlusconi’s party, Forza Italia, obtained higher vote shares in municipalities plagued by mafia. The result is robust to the use of different measures of mafia presence, both contemporary and historical, to the inclusion of different sets of controls and to spatial analysis. Instrumenting mafia’s presence by determinants of its early diffusion in the late XIX century suggests that the correlation reflects a causal link, which would be coherent with mafia’s choice to back Forza Italia in exchange for favorable policies. |
| JEL: | D72 K42 |
| Date: | 2014–09 |
| URL: | http://d.repec.org/n?u=RePEc:bol:bodewp:wp965&r=law |
| By: | R. Cook; C. Neff |
| URL: | http://d.repec.org/n?u=RePEc:uwa:wpaper:91-03&r=law |
| By: | Cristian Ducu (Centre for Advanced Research in Management and Applied Ethics, Romania); Irina Stanciugelu (The National School of Political Studies and Public Administration, Romania) |
| Abstract: | In 1947, the Hutchins Commission talked for the first time on the social responsibility of the press. It was 6 years before having the idea of social responsibility being applied to the work of company managers and companies themselves. According to the U.S. commission, this social responsibility consisted in the educational role of the press. Since 1947, not only the media channels and tools changed significantly, but also the profile of those that read, listen or watch to mass-media production. Based on the new realities of the 21st century press industry and the new profile of media audience, we attempt to redefine the concept of social responsibility for this particular type of organization. To show this reconsideration is viable, we analyze one media institution that leads the way in its industry, which is CNN. At the same time, we emphasize the idea that social responsibility of an organization is only one element of a broader concept of responsibility, of organizational responsibility, where the company is no longer understood from a bi-polar perspective (economic vs. social responsibilities). |
| Date: | 2013–09 |
| URL: | http://d.repec.org/n?u=RePEc:aes:icsrog:wpaper:17&r=law |
| By: | Fatih Karanfil; Bilge Ozturk |
| URL: | http://d.repec.org/n?u=RePEc:ekd:000239:23900041&r=law |
| By: | Alessandro Borin (Bank of Italy); Riccardo Cristadoro; Elena Mattevi (Bank of Italy) |
| Abstract: | Several factors contribute to attracting foreign investment: cyclical, such as demand fluctuations; structural, such as industrial specialization or the presence of natural resources; fiscal policy, including taxes; political, such as social stability and country governance; and finally, the overall quality of institutions. According to our estimates, the quality of institutions - measured by the World Bank’s Doing Business indicators - has a positive and significant effect in attracting foreign investment, even controlling for other relevant characteristics of the target countries. The time and complexity of procedures, rather than their costs, are key determinants in foreign investors’ choices. Italy, which receives less FDI than countries with similar economic characteristics, lags behind in those indicators of institution quality that most affect the allocation of investment. According to our analysis, if Italian institutions had been qualitatively in line with the euro-area average, foreign investment inflows would have been 15% (about 16 billion euros) higher during the 2006-2012 period. |
| Keywords: | foreign direct investment, FDI, Ease of Doing Business, institutions |
| JEL: | C33 F21 K20 O43 |
| Date: | 2014–09 |
| URL: | http://d.repec.org/n?u=RePEc:bdi:opques:qef_230_14&r=law |
| By: | Inessa Love (University of Hawai‘i at Manoa); Maria Soledad Martinez Peria (Development Research Department of the World Bank); Sandeep Singh (Consultant at the World Bank) |
| Abstract: | Using firm-level surveys for up to 73 countries, this paper explores the impact of introducing collateral registries for movable assets on firms' access to bank finance. It compares firms’ access to bank finance in seven countries that introduced collateral registries for movable assets against three control groups: firms in all countries that did not introduce a registry, firms in a sample of seven countries matched by location and income per capita to the countries that introduced registries for movable assets, and firms in countries that undertook other types of collateral reforms but did not set up registries for movable assets. Overall, the analysis finds that introducing collateral registries for movable assets increases firms' access to bank finance. There is also evidence that this effect is larger among smaller and younger firms. |
| Keywords: | movable collateral, access to bank finance |
| JEL: | K20 G21 G30 |
| Date: | 2014–09 |
| URL: | http://d.repec.org/n?u=RePEc:hai:wpaper:201422&r=law |