LEADER 03831nam 2200685 450 001 9910463625703321 005 20170821160717.0 010 $a1-4623-4166-7 010 $a1-4527-8338-1 010 $a1-4518-7087-6 010 $a9786612841804 010 $a1-282-84180-7 035 $a(CKB)3170000000055115 035 $a(EBL)1608026 035 $a(SSID)ssj0000943979 035 $a(PQKBManifestationID)11612508 035 $a(PQKBTitleCode)TC0000943979 035 $a(PQKBWorkID)10982642 035 $a(PQKB)10067692 035 $a(OCoLC)460974813 035 $a(MiAaPQ)EBC1608026 035 $a(EXLCZ)993170000000055115 100 $a20140226h20082008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBanks and labor as stakeholders $eimpact on economic performance /$fStijn Claessens and Kenichi Ueda 210 1$a[Washington, District of Columbia] :$cInternational Monetary Fund,$d2008. 210 4$dİ2008 215 $a1 online resource (41 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/229 300 $aDescription based upon print version of record. 311 $a1-4519-1540-3 320 $aIncludes bibliographical references. 327 $aContents; 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 327 $a1b. 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 330 $aTraditionally, the impacts of the rights of financial institutions and workers on corporate performance have been analyzed independently. Yet, theory clearly indicates that the combination of relative powers of different stakeholders affects a firm overall performance. Using U.S. state level and state-industry level data, we investigate how output growth is affected by bank branch deregulation and employment protection occurring over 1972-1993. We find that financial liberalization positively impact overall state growth but greater workers' rights affects it ambiguously. At the industry level, 410 0$aIMF Working Papers 606 $aBanks and banking$xState supervision$zUnited States 606 $aWorking class$zUnited States 606 $aCorporate governance$zUnited States 606 $aIndustrial productivity$zUnited States 608 $aElectronic books. 615 0$aBanks and banking$xState supervision 615 0$aWorking class 615 0$aCorporate governance 615 0$aIndustrial productivity 676 $a332.10973 700 $aClaessens$b Stijn$0282431 701 $aUeda$b Kenichi$0865251 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463625703321 996 $aBanks and labor as stakeholders$91952255 997 $aUNINA