Endogenous ownership structure:factors affecting the post-privatisation equity in largest Hungarian firms

Using a data set for the 162 largest Hungarian firms during the period of 1994-1999, this paper explores the determinants of equity shares held by both foreign investors and Hungarian corporations. Evidence is found for a post-privatisation evolution towards more homogeneous equity structures, where dominant categories of Hungarian and foreign owners aim at achieving controlling stakes. In addition, focusing on firm-level characteristics we find that exporting firms attract foreign owners who acquire controlling equity stakes. Similarly, firm-size measurements are positively associated with the presence of foreign investors. However, they are negatively associated with 100% foreign ownership, possibly because the marginal costs of acquiring additional equity are growing with the size of the assets. The results are interpreted within the framework of the existing theory. In particular, following Demsetz and Lehn (1985) and Demsetz and Villalonga (2001) we argue that equity should not be treated as an exogenous variable. As for specific determinants of equity levels, we focus on informational asymmetries and (unobserved) ownership-specific characteristics of foreign investors and Hungarian investors

Claiming credit and avoiding blame : political accountability in Greek and Turkish responses to the COVID‐19 crisis

Using a framework developed by Hood and adapting it to crises, we explore the factors behind the use of three types of political accountability strategies— presentational, pol-icy, and agency—during responses to the COVID-19 cri-sis in Greece and Turkey. We situate the comparison in the current political context and conclude with implications for political survival as leaders attempt to balance public ac-countability, political expediency, and national health

EVS Trend File 1981-2017 – Sensitive Dataset

The European Values Study is a large-scale, cross-national and longitudinal survey research program on how Europeans think about family, work, religion, politics, and society. Repeated every nine years in an increasing number of countries, the survey provides insights into the ideas, beliefs, preferences, attitudes, values, and opinions of citizens all over Europe. The EVS Trend File 1981-2017 is constructed from the five EVS waves and covers almost 40 years. In altogether 160 surveys, more than 224.000 respondents from 48 countries/regions were interviewed. It is based on the updated data of the EVS Longitudinal Data File 1981-2008 (v.3.1.0) and the current EVS 2017 Integrated Dataset (v.5.0.0). For the EVS Trend File, a Restricted-Use File (ZA7504) is available in addition to the (factually anonymised) Scientific-Use File (ZA7503). The EVS Trend File – Sensitive Dataset (ZA7504) is provided as an add-on file. In addition to a small set of admin and protocol variables needed to merge with the SUF data, the Sensitive Dataset contains the following variables that could not be included in the scientific-use file due to their sensitive nature: W005_3 Job profession/industry (3-digit ISCO88) - spouse/partner EVS 2008W005_3_01 Job profession/industry (3-digit ISCO08) - spouse/partner EVS 2017W005_4 Job profession/industry (4-digit ISCO88) - spouse/partner EVS 2008X035_3 Job profession/industry (3-digit ISCO88) – respondent EVS 1999, EVS 2008 X035_3_01 Job profession/industry (3-digit ISCO08) - respondent EVS 2017X035_4 Job profession/industry (4-digit ISCO88) – respondent EVS 1999, EVS 2008 x048c_n3 Region where the interview was conducted (NUTS-3): NUTS version 2006 EVS 2008X048J_N3 Region where the interview was conducted (NUTS-3): NUTS version 2016 EVS 2017X049 Size of town (8 categories) EVS 2008, EVS 2017 Detailed information on the anonymization process in the EVS Trend File is provided in the EVS Trend File Variable Report

Joint EVS/WVS 2017-2021 Dataset (Joint EVS/WVS)

The European Values Study (EVS) and the World Values Survey (WVS) are two large-scale, cross-national and longitudinal survey research programmes. They include a large number of questions on moral, religious, social, political, occupational and family values which have been replicated since the early eighties. Both organizations agreed to cooperate in joint data collection from 2017. EVS has been responsible for planning and conducting surveys in European countries, using the EVS questionnaire and EVS methodological guidelines. WVSA has been responsible for planning and conducting surveys in countries in the world outside Europe, using the WVS questionnaire and WVS methodological guidelines. Both organisations developed their draft master questionnaires independently. The joint items define the Common Core of both questionnaires. The Joint EVS/WVS is constructed from the two EVS and WVS source datasets: - European Values Study 2017 Integrated Dataset (EVS 2017), ZA7500 Data file Version 4.0.0, doi:10.4232/1.13560 (https://doi.org/10.4232/1.13560). - European Values Study 2017: Ukraine (EVS 2017), ZA7539 Data file Version 1.0.0, doi:10.4232/1.13714 (https://doi.org/10.4232/1.13714). - World Values Survey: Round Seven–Country-Pooled Datafile. Version 2.0.0, doi: 10.14281/18241.13 (https://doi.org/10.14281/18241.13).The European Values Study (EVS) and the World Values Survey (WVS) are two large-scale, cross-national and longitudinal survey research programmes. They include a large number of questions on moral, religious, social, political, occupational and family values which have been replicated since the early eighties. Both organizations agreed to cooperate in joint data collection from 2017. EVS has been responsible for planning and conducting surveys in European countries, using the EVS questionnaire and EVS methodological guidelines. WVSA has been responsible for planning and conducting surveys in countries in the world outside Europe, using the WVS questionnaire and WVS methodological guidelines. Both organisations developed their draft master questionnaires independently. The joint items define the Common Core of both questionnaires. The Joint EVS/WVS is constructed from the two EVS and WVS source datasets: - European Values Study 2017 Integrated Dataset (EVS 2017), ZA7500 Data file Version 4.0.0, doi:10.4232/1.13560 (https://doi.org/10.4232/1.13560). - European Values Study 2017: Ukraine (EVS 2017), ZA7539 Data file Version 1.0.0, doi:10.4232/1.13714 (https://doi.org/10.4232/1.13714). - World Values Survey: Round Seven–Country-Pooled Datafile. Version 2.0.0, doi: 10.14281/18241.13 (https://doi.org/10.14281/18241.13)