02361nam a2200265 a 450000500170000000700150001700800410003201000170007304000230009005000170011308200220013010000220015224501170017426001170029130000200040849000440042850400410047252013820051353000290189553800470192453800360197165000330200765000390204071000160207920181210070731.0cr |||||||||||050906s2005    dcu     sb   i000 0 eng    a  2005618829  aDLCcDLCdBD-DhBPA00aHG3881.5.W57  a338.94	bEBM 20061 aEbinger, Jane O. 10aMeasuring financial performance in infrastructure : ban application to Europe and Central Asia cJane O Ebinger  aWashington, D.C. :bWorld Bank, Europe and Central Asia Region, Infrastructure and Energy Services Dept., c2006  a24 p. ;c23 cm.1 aPolicy research working paper ;v 3992.  aIncludes bibliographical references.3 a"The authors examine how well several institutional and firm-level factors and their interactions explain firms' perceptions of property rights protection.  Their sample includes private and public firms that vary in size from very small to large in 62 countries.  Together, the institutional theories they investigate account for approximately 70 percent of the country-level variation, indicating that the literature is addressing first-order factors.  Firm-level characteristics such as legal organization and ownership structure are comparable to institutional factors in explaining variation in property rights protection.  A country's legal origin and formalism index predict property rights variation better than its openness to international trade, its religion, its ethnic diversity, natural endowments or its political system.  However, these results are driven by the inclusion of former socialist economies in the sample.  When the authors exclude the former socialist economies, legal origin explains considerably less than openness to trade and endowments.  Examining a broader set of variables for robustness, they again find that when they exclude former socialist countries, legal origin explains comparatively little of the variation in perceptions of judicial efficiency, corruption, taxes and regulation, street crime, and financing. "--World Bank web site.  aAlso available in print.  aSystem requirements: Adobe Acrobat Reader.  aMode of access: World Wide Web. 0a Public utilities -- Europe. 0aPublic utilities -- Asia, Central.2 aWorld Bank.