Today I will present my thoughts on philanthropy as collective sharing. I will first examine the nature of philanthropy, and its relationship with the concept of ownership. In society, philanthropy is born together with private property. There is no need for philanthropy under a system of full public ownership. According to Marxist and Socialist theory, philanthropy is unnecessary and irrelevan...

We analyze the political philosophy question of what kind of welfare differentials are allowed if we respect private ownership rights over self and public ownership of the external world. We consider cases where agents have equal rights over the publicly owned external world resources but are individually responsible for their preferences. We discuss that these ownership rights are naturally re...

This study examines the relationship between ownership structure and performance of public firms in Mexico, considering debt and the structure of the board of directors as contextual and institutional factors. This research seeks to explain the mixed results about the relationship of ownership and performance presented by other relevant studies in family and non-family businesses, mainly in eme...

Effective and efficient regulation by government is important for economic development. Effective and efficient regulation promotes economic development, while vexatious regulation can cripple it. Many of the problems of developing countries are blamed on ineffective and inefficient government regulation. At the same time, however, understanding of the appropriate institutions and processes of ...

This study uses 1995 1999 Contingent Workers Supplement and hospital ownership data from the American Hospital Association’s Annual Surveys to how the employer sponsored insurance market responds to changes in hospital ownership. A Nested Multinomial Logit model estimates a two dimensional choice set of availability of an employer based plan and participation in that plan. The model indicates t...

INTRODUCTION A nation contemplating the restructuring of an infrastructure industry, and/or the market within which it operates, must make a concurrent decision regarding the nature of the regulatory regime that will be superimposed on the restructured industry. This decision is essential while making a choice of whether to have state ownership to investor ownership, or whether to retain a mono...

This paper argues that the private-public ownership factor should be differentiated from other factors that also influence the effect of privatization on efficiency. This is empirically confirmed in a longitudinal study of 24 Spanish firms, for which several political and organizational factors are found to influence the estimated effects of privatization on efficiency. The analysis of the timi...

services has long been recognized as essential to public health and individual welfare. In most countries government policy has traditionally been to keep water companies in public ownership, and to keep tariffs artificially low through a range of more or less explicit subsidy measures. The results have often been unsatisfactory. Service quality and coverage remain inadequate in many countries,...

We analyze the differences between companies owned by private equity (PE) investors and similar public companies. We document that PE-owned companies provide higher managerial incentives to their top management: CEOs have almost twice as much equity, 10% lower salary, and more cash compensation than their counterparts at comparable public corporations. We also find some evidence that PE ownersh...