Search results for "expropriation"
showing 10 items of 12 documents
Corporate Governance and Capital Structure: A Spanish Study
2016
This study explores the relationship between capital structure and corporate governance using a data panel of Spanish listed firms over the period 2005 to 2011. Specifically, two notable conflicts in the area of corporate governance have been analysed: (i) managerial ownership; and (ii) controlling shareholders ownership. Our findings confirm a non-monotonic relationship between both managerial ownership and ownership concentration, and capital structure. In order to mitigate endogeneity concerns, a number of robustness tests have been performed. The empirical evidence obtained yields a number of implications such as the shareholders' need to monitor entrenched managers, the insufficient pr…
Les mesures équivalentes à une expropriation dans l'arbitrage international relatif aux investissements
2006
Actes du colloque de Tunis des 3-4 mars 2006, sous la direction de Ferhat Horchani
El oficio de la resistencia. <i>Salvem</i> y <i>Viu al Cabanyal</i> como formas de contención del urbanismo neoliberal
2014
This article puts the spotlight on the resistance being displayed in the face of the expropriation and gentrification process currently affecting Valencia’s Cabanyal district (Spain). El Cabanyal is a district that has been left to the whim of town planners wielding megaproject/events cloaked in high-sounding rhetoric proclaiming excellence and competiveness. Specifically, we shall be looking closely at « Salvem el Cabanyal » as a response to the execution of the new Town Planning Plan, and « Viu al Cabanyal » as a means of putting a halt to progressive degradation. Salvem , a platform comprising several different entities, enjoys the support of an array of political, academic and social gr…
Demographic structure and the security of property rights: The role of development and democracy
2013
Abstract It is often argued that countries with a high population share of children and young workers should attract large capital inflows from aging industrialized economies. However, many of these countries deter foreign investors by a high risk of creeping or outright expropriation. In this paper we explore whether the correlation between countries' demographic structure and the perceived security of property rights reflects a causal relationship. We show that, in low-income countries, the ratio of young to old workers has a positive effect on the perceived security of property rights if the political system is sufficiently democratic. By contrast, this relationship cannot be observed in…
Rents instead of Land. Credit and Peasant Indebtedness in Late Medieval Mediterranean Iberia: the Kingdom of Valencia
2021
AbstractThe literature on the rural economy of the high and late Middle Ages has long established a close correlation between three significant features of the period: the spread of rural credit, the dynamism of the peasant land market and the expropriation of peasant land by the creditors, usually yeomen or urban landowners. There has even been talk for some countries (northern Italy) of a deliberate strategy of territorial conquest, insofar as the credit provided by urban lenders would aim at the expropriation of land from insolvent debtors. This article studies for the Mediterranean Spain of the late Middle Ages, and in particular for the old kingdom of Valencia, other objectives of rura…
Foreign institutional investors and dividend policy: Evidence from China
2017
Abstract This study examines whether foreign institutional investment influences firms’ dividend policies. Using data from all domestically listed nonfinancial firms in China during the period of 2003–2013, we find that foreign shareholding influences dividend decisions and vice versa. Furthermore, changes in dividend payments over time positively affect subsequent changes in foreign shareholding, but the opposite is not true. Our study indicates that foreign institutional investors do not change firms’ future dividend payments once they have made their investment choices in China. Moreover, they self-select into Chinese firms that pay high dividends. Our evidence suggests that in an instit…
Criminal Mediation as a Restorative Instrument for Victim: In All Cases and for All Victims?
2012
Insofar as the intention is to provide legal protection, to speak of victims and of certain victims in particular, implies recalling the obscure past that enveloped them with regard to their invisibility in the criminal system as a whole. Society assumed the burden of the criminal response, through the expropriation of the victims’ rights by the State in the interests of that social safeguard. We have for centuries accepted that it was what society required –it was the conquest of civilization, ending “an eye for an eye and a tooth for a tooth” and the lex talionis. That was the best solution, although the outcome of these responses to that situation, owing to frustration, disenchantment an…
Self-Enforcing, Public-Order Institutions for Contract Enforcement: Litigation, Regulation, and Limited Government in Venice, 1050–1350
2011
The spectacular economic growth of Venice during the late medieval period (1050–1350) was based on the expansion of its trade along the Mediterranean and beyond. Crucial to this expansion was the mobilization of large amounts of capital into risky investments. However, this mobilization required the development of institutions that protected creditors and shareholders from expropriation by controlling merchants. This chapter finds that legal and administrative institutions conjointly provided investor protection and explores the interactions between these public-order institutions for contract enforcement and the emergence of a limited government, a coercion-constraining institution that mo…
The reinvention of authenticity in the context of neoliberal commodification
2014
Desde las últimas décadas del siglo pasado, la constatación empírica de que los límites naturales al crecimiento estaban siendo traspasados (García, 2004) supuso un incremento de la conciencia medioambiental y dio lugar a la búsqueda de respuestas de distinto tipo. El concepto de 'Parque Natural', como un intento de preservar determinados espacios, se inscribe en este contexto. En su versión neoliberal dicha preservación no implica ninguna modificación sustantiva de las reglas que impone el desarrollo económico capitalista. De este modo, se convierte en una aplicación del binomio "desarrollo sostenible", un oxímoron (Latouche, 2006) donde se yuxtaponen dos significados contrapuestos, a sabe…
Vecchi e nuovi problemi in tema di intervento dei creditori nell’esecuzione (note a margine di Cass. S.U. n. 61 del 7 gennaio 2014)
2015
Nel contributo in oggetto l'autore, muovendo dalla decisione delle Sezioni Unite della Cassazione n. 61 del 7 gennaio 2014, coglie l'occasione per riesaminare le vecchie e nuove problematiche sottese all’intervento dei creditori nel processo esecutivo. Il primo tema affrontato è quello della par condicio creditorum, che viene esaminata nella sua storia evolutiva dal Code Napoleon, al suo periodo di massima estensione, dato dal codice del 1940, fino al suo ridimensionamento a seguito delle riforme del 2005. Esamina quindi la possibilità del possibile superamento quoad effectum della distinzione tra intervento di creditori con titolo e senza titolo, alla luce delle evoluzioni della giurisprud…