Political institutions and electric utility investment: a cross-nation analysis

Article Abstract:

The likelihood that a government will meet its promises varies with the structure of a nation's political institutions. Where multiple independent actors wield veto power over potential policy changes, macroeconomic, tax, and regulatory stability will be enhanced - thus reducing the variance on an investment project's expected return. This relationship is shown to hold for an industry with extremely high sunk costs and politicization, namely, electric utilities. Managers considering investment in infrastructure projects should therefore evaluate the investment proposal not only on its explicit terms, but also on the likelihood that the government will honor them. (Reprinted by permission of the publisher.)

Electric Utilities, Electric Power Generation, Transmission and Distribution, Electric services, Investments, Political aspects, Capital investments

---

Legitimacy, interest group pressures and change in emergent institutions: The case of foreign investors and host country governments

Article Abstract:

A model of policy making, emphasizing socialization and limits on human cognition enhances change in emergent institutions. It is observed that emergent institutions are more susceptible to change than established institutions, broader institutional structures and specific organizational characteristics moderate pressure for change.

Administration of General Economic Programs, Foreign Investment Regulations, Evaluation, Foreign investment laws, Policy sciences, Professional socialization

---

The Rise of Fiduciary Capitalism: How Institutional Investors Can Make Corporate America More Democratic

Article Abstract:

This book is about how institutional investors can maximize their investments on behalf of the ultimate owners of mutual funds and private and public pensions funds.

Research, Corporate governance, Authorship, Institutional investments, The Rise of Fiduciary Capitalism: How Institutional Investors Can Make Corporate America More Democratic (Book), Hawley, James P, Williams, Andrew T.

Similar abstracts:

• Abstracts: Gender stereotypes and service quality in customer-waitperson encounters. Multidimensional quality assessment of multimedia telecommunications systems for enhancing customer satisfaction
• Abstracts: An options-based model of career mobility in professional service firms. Applicant reactions to the employment interview: A look at demographic similarity and social identity theory
• Abstracts: Institutional lending to knowledge-based business. Demographic diversity for building an effective entrepreneurial team: is it important?
• Abstracts: Advertising repetition and quality perception. Determining the quality of conjoint analysis results using violation of a priori signs
• Abstracts: Backroom burdens. Stop the rich tax rorters

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.