03831nam 2200685 450 991046362570332120170821160717.01-4623-4166-71-4527-8338-11-4518-7087-697866128418041-282-84180-7(CKB)3170000000055115(EBL)1608026(SSID)ssj0000943979(PQKBManifestationID)11612508(PQKBTitleCode)TC0000943979(PQKBWorkID)10982642(PQKB)10067692(OCoLC)460974813(MiAaPQ)EBC1608026(EXLCZ)99317000000005511520140226h20082008 uy 0engur|n|---|||||txtccrBanks and labor as stakeholders impact on economic performance /Stijn Claessens and Kenichi Ueda[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (41 p.)IMF Working PapersIMF working paper ;WP/08/229Description based upon print version of record.1-4519-1540-3 Includes bibliographical references.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 Change1b. 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; ReferencesTraditionally, 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,IMF Working PapersBanks and bankingState supervisionUnited StatesWorking classUnited StatesCorporate governanceUnited StatesIndustrial productivityUnited StatesElectronic books.Banks and bankingState supervisionWorking classCorporate governanceIndustrial productivity332.10973Claessens Stijn282431Ueda Kenichi865251MiAaPQMiAaPQMiAaPQBOOK9910463625703321Banks and labor as stakeholders1952255UNINA