Studies have shown that external capital account liberalisation can boost inflows and augment economic development. Nevertheless, in the case of developing emerging economies (DEE), adverse currency fluctuations could hamper competitiveness due to relative price differences creating overvaluation, which might not be mitigated via financial openness alone. Therefore, this paper uses annual panel...

This paper offers the first comprehensive analysis of legal change in the protection of shareholder and creditor rights in transition economies and its impact on the propensity of firms to raise external finance. Following La Porta et al. (1998), the paper constructs an expanded set of legal indices to capture a range of potential conflicts between different stakeholders of the firm. It supplem...

This paper focuses on introducing and comparing various types of external regulatory institutions for management of common pool resources (CPRs), namely the quota-based management, resource status-based management, tax-based management, and bankruptcy management institutions. The performance of these regulatory institutions is demonstrated, using a numerical groundwater exploitation example. Re...

the paper by gilbert et al. should be on the table of every politician and national health service (nhs) manager in the run up to the general election, when the nhs is at the hustings. they have raised profound moral dilemmas of the internal and external market in their present form, such as the practicalities of distributive justice and the enhancement of autonomy – to which are added the pres...

The strategic goal of academic translational research is to accelerate translational science through the improvement and development of resources for moving discoveries across translational barriers through 'first in humans' studies. To achieve this goal, access to drug discovery resources and preclinical IND-enabling infrastructure is crucial. One potential approach of research institutions fo...

This study investigates the impacts of local institutions, external finance, and their joint effects on firm investment in Vietnam. Investment decisions are classified into two categories: fixed asset non-fixed investment. Analysing a set 1.3 million firm-year observations businesses Vietnam (2006–2016), we find evidence that institutions (both formal informal) positively influence but negative...

What is the scope for local upgrading strategies where producers operate in global value chains? The literature on industrial clusters emphasises the role of inter-firm co-operation and local institutions in enabling upgrading. The value chain literature focuses on the role of global buyers and chain governance in defining upgrading opportunities. This paper argues that clusters are inserted in...