Publications des institutions partenaires
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Learning from the Swiss corporate governance exception
The Swiss economy represents an exception to the legal origin theory (e.g., Roe (2006)). Although Switzerland is a country belonging to the civil law family, many of its public companies have diffused corporate ownership, as do those in common law countries. This paper maintains that the Swiss exception relies on the complementarity between corporate ownership and policies…
Institution partenaire
English / 11/07/2016
The role of culture in long-term care
The aim of this paper is to assess the role of culture in shaping individual preferences to- wards different long-term care (LTC) arrangements. The analysis uses Swiss data from two administrative databases covering the universe of formal LTC providers between 2007 and 2013. Switzerland is a multi-cultural confederation where state administrative borders do not always coincide…
Institution partenaire
English / 07/04/2016
Persistent and transient productive inefficiency in a regulated industry: electricity distribution in New Zealand
The productive efficiency of a firm can be decomposed into two parts, one persistent and one transient. So far, most of the cost efficiency studies estimated frontier models that provide either the transient or the persistent part of productive efficiency. This distinction seems to be appealing also for regulators. During the last decades, public utilities such as water and…
Institution partenaire
English / 23/02/2016
Corporate flat tax reforms and businesses' location choices: evidence from Switzerland
Profit taxation affects corporate investment decisions through several channels. This paper focuses on the impact of corporate income flat tax reforms on businesses' location choices. Since 1990, Swiss states (cantons) have been switching from a graduated to a flat tax rate scheme on profits. The paper assesses the effects of such a reform on the number of establishments by…
Institution partenaire
English / 19/01/2016
Law enforcement, municipal budgets and spillover effects: evidence from a quasi-experiment in Italy
In this paper, I empirically investigate the presence of spillover effects resulting from the strengthening of law enforcement against corruption and organized crime in local governments. Specifically, I take advantage of an Italian law that gives power to the central government to replace democratically elected municipal officials who are potentially connected with mafia with a…
Institution partenaire
English / 14/01/2016
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