EPA and NHTSA, on behalf of the Department of Transportation, are issuing this joint proposal to further reduce greenhouse gas emissions and improve fuel economy for light-duty vehicles for model years 2017-2025. This proposal extends the National Program beyond the greenhouse gas and corporate average fuel economy standards set for model years 2012-2016. On May 21, 2010, President Obama issued a Presidential Memorandum requesting that NHTSA and EPA develop through notice and comment rulemaking a coordinated National Program to reduce greenhouse gas emissions of light-duty vehicles for model years 2017- 2025. This proposal, consistent with the President's request, responds to the country's critical need to address global climate change and to reduce oil consumption. NHTSA is proposing C...
... Instructions: Direct your comments to Docket ID No. EPA-HQ-OAR-. 2010-0... informally, and technical rules of evidence will not apply. We will arrange for a written tran...``The Economics of Energy Security: Theory, Evidence, Policy,'' in A. V. Kneese and J. L. Swe... in sales is the result of corporate acquisitions, mergers, or purchase by another manufacturer, the...
... longstanding congressional support and direction and are substantially related to the achievement o... is corroborated by a host of empirical evidence suggesting that an owner's minority status influen... matter of "social reality and governmental theory," the Federal Government is unlikely to be capture...Most license acquisitions, however, are by necessity purchases of existing s...
The financial crisis of 2007 has brought into sharper focus a set of rising global financial actors-the sovereign investors. In the form of sovereign wealth funds ("SWFs"), sovereigns have become an important player in the global financial market and its stability. Over the last decade, SWFs became more visible and more aggressive in the scope and form of their interventions in global finance. State-owned enterprises began to operate indirectly through subordinate legal persons that operate like privately held multinational corporations. In this new form, sovereigns are becoming a more significant presence in global markets, as owners as well as investors. More importantly, sovereign owners have begun to coordinate their economic activities for economic and sovereign goals. Consequently...
..., University Park, Pennsylvania, and Director, Coalition for Peace & Ethics, Washington, D.C. An... SOEs, which increased their foreign acquisitions in the course of the crisis. One reason for these ...The CIC evidences a change from the traditional model of the SWF to ...But see John Maynard Keynes, The General Theory of Employment, Interest and Money (1936) (a softer...
The "legal families" theory of corporate law and ownership structures pioneered by Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert Vishny provides one of the most influential accounts of why "law matters" in shaping economic organization and outcomes. However, the empirical bases and theoretical logic of the theory contain serious flaws and limitations. Given these flaws in, and limitations of the legal families theory, the intuitively appealing thesis that law matters must be resituated in a more empirically persuasive and historically sensitive account of the relationship between law and politics. The author speculates that any meaningful correlation between legal origins and economic outcomes is the product of politics in the first instance rather than law, a...
..., waves of mergers and acquisitions, and an explosive growth of international financia... power, shareholder power to remove directors, board composition, or director self-dealing.17 Th..., Rajan and Zingales marshal compelling evidence that, in the early twentiethcentury, Germany and F...
... some of the herd moves off in another direction. The New Economy hype of the 1990s, so adequately ... has driven an increase in mergers, acquisitions, share repurchases and debt that both represent an... debt in the context of relative valuation theory, and then shows how such equity and debt expansion...The second is the preponderance of evidence that acquiring firms fail to generate effects of s...
... technologies, such as cell phones and direct broadcast satellite television, combined with a gr... NBP acknowledges there is at least "some evidence" secondary markets have been effective in transfer..." license rights in order, at least in theory, to increase their value to the ultimate users). (... 700 MHz Nationwide Presence with Two Acquisitions, PR NEWSWIRE, http://www.prnewswire.com/news-relea...
The large gap between American CEO pay and foreign CEO pay is one of the biggest puzzles in executive compensation. Recent scholarship has suggested that it is the result of board capture. This theory claims that the pay gap arises because in the US passive friendly directors award their CEOs huge pay increases, while in other countries tight-fisted control shareholders suppress CEO pay levels. This paper criticizes Board Capture Theory and then develops four market-based theories that offer persuasive alternative explanations for the international CEO pay gap. It argues that market forces will determine whether the pay gap will disappear and that current proposals for government intervention will be at best ineffective, and more likely counterproductive.
... financial scandals, and the anecdotal evidence surrounding the abuse of corporate perks and compe... in takeover situations.360 Hostile acquisitions continued to occur, though, despite such innovativ...
... cannot influence on firm stability directly but by the help of firms increase the reliability ... context of corporate governance and agency theory or the agency problems diminishing. For example, pprior researches provide evidence that internal audit quality has an effect to exter... expertise following horizontal acquisitions: A resource-based view", Journal of Marketing, Vol...
... investigation will give us empirical evidence to take part in this debate. Third, a comparative ... engaged in cross-border mergers and acquisitions as a strategy to enter overseas markets. However, ...Wunnava (2005), "Endogenous OCA Theory: Using the Gravity Model to Test Mundell's Intuiti...
...The third group are the direct service industries ("DSIs")--industrial companies ... fact, if we were to endorse Petitioners' theory that the section 5 stranded cost protection is a r... ratemaking proceedings without some evidence, beyond [petitioner's] speculation, that it does s..., and new conservation resource acquisitions totaling 460 average megawatt capacity, the Busine...
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