Rent seeking, protectionism and innovation in the American steel industry
Article Abstract:
Trade protection has negative effects on innovation initiatives, productive performance and industry development. Data on US steelmakers indicate that firms who seek for trade protection are usually less-innovative and less-diversified firms with shareholders, executives and employees with qualifications limited to the industry. Moreover, trade protection force some innovative firms out of the industry because it renders high R & D spending useless and induces stock price reduction.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1996
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Dividend taxation and corporate governance
Article Abstract:
Corporate dividends are subjected to double taxation in the United States. The way in which this double taxation deters corporate investment and corporate financing decisions is discussed. Strategies to improve corporate governance by reducing empire-building financed by retained earnings are presented.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 2005
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Corporate conflicts of interest
Article Abstract:
The importance of corporate governance and preventing conflicts of interest are discussed.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 2003
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