Pandemic Risk Factors and the Role of Government Intervention: Evidence from COVID-19 and CMBS Mortgage Performance

2020 ◽  
Author(s):  
Sumit Agarwal ◽  
Brent W. Ambrose ◽  
Luis A. Lopez ◽  
Xue Xiao
Keyword(s):  
Risk Factors ◽  
Government Intervention ◽  
Role Of Government

The Steamboat, Safety and the State: Government Reaction to New Technology in a Period of Laissez-Faire

2011 ◽  
pp. 51-74
Author(s):  
John Armstrong ◽  
David M. Williams
Keyword(s):  
Nineteenth Century ◽  
State Government ◽  
Government Intervention ◽  
New Technology ◽  
Steam Power ◽  
Role Of Government ◽  
Government Response ◽  
Laissez Faire ◽  
The Government

This chapter explores the government reaction to steam power and the issues of public safety that surrounded it. In particular, it questions the lack of prominent government intervention until the middle of the nineteenth century. It studies the economic advantages of steam over sail; the new hazards associated with steam power and the causes and rates of accidents; the call for government intervention which grew out of these hazards; an analysis of the lack of government response to this pressure for close to thirty years; and a study and assessment of the action eventually taken. It concludes by bringing these points together and places them into the wider context of maritime safety, the role of government, the problematic aspects of laissez-faire politics, and the difficulties inherent in the transition to new technology.

scholarly journals The role of government intervention in financial development: micro‐evidence from China

2019 ◽  
Vol 59 (5) ◽  
pp. 2855-2878 ◽  
Author(s):  
Lingbing Feng ◽  
Tong Fu ◽  
Nicholas Apergis ◽  
Hu Tao ◽  
Wu Yan
Keyword(s):  
Financial Development ◽  
Government Intervention ◽  
Role Of Government

scholarly journals Continuity or Change in Business Representation in Britain? An Assessment of the Heseltine Initiatives of the 1990s

2008 ◽  
Vol 26 (5) ◽  
pp. 998-1015 ◽  
Author(s):  
Justin Greaves
Keyword(s):  
Government Intervention ◽  
Historical Context ◽  
Logical System ◽  
Business Associations ◽  
Role Of Government ◽  
Business Association

Britain has a fragmented, overlapping, and underresourced system of business representation. Attempts at reform, however, have proved difficult and largely unsuccessful. A coherent and logical system is relevant, in terms of both an effective dialogue between government and business, and the promotion of competitiveness and productivity. Through interviews and archival evidence, I look at how government has attempted to reform business associations. The main focus is the Heseltine initiatives of the 1990s: I outline the various initiatives taken, reveal the extent to which policy represented continuity or change, and consider whether the initiatives were effective. I show that they had a degree of success but that they would have made greater impact if they had been sustained over a longer period of time. A consideration of the historical context, moreover, suggests there may be limits to the role of government intervention in business association reform.

The Role of Governments in the Business and Society Debate

2016 ◽  
Vol 56 (4) ◽  
pp. 527-544 ◽  
Author(s):  
Nikolay A. Dentchev ◽  
Elvira Haezendonck ◽  
Mitchell van Balen
Keyword(s):  
Business Ethics ◽  
Business Strategy ◽  
Corporate Social Performance ◽  
Government Intervention ◽  
Social Performance ◽  
Business And Society ◽  
Role Of Government ◽  
Society Business ◽  
Broad Variety

The role of governments in business and society (B&S) research remains underexplored. The generally accepted principle of voluntarism, which frames responsible business conduct as an unregulated subject under managerial discretion, accounts for this gap. Paradoxically, there are sufficient acknowledgments in academia and practice on different roles of governments. The present article identifies three broad topics for research, addressing (a) the paradox between the principle of voluntarism and the role of governments in B&S, (b) the boundaries of governments and business in their contribution to B&S issues, and (c) the mechanisms of government intervention that affect corporate social performance. The authors approach the first topic with a literature review of 703 articles marked with the term “government” from five journals in the field ( Business & Society, Business Ethics: A European Review, Business Ethics Quarterly, Business Strategy and the Environment, and Journal of Business Ethics) between 1982 and 2011. This study indicates that the principle of voluntarism remains, despite the broad variety of research related to the role of government in B&S. In addition, the identified content provides deeper insight into the mechanisms of government intervention and on the boundaries of governments in the B&S discourse. This article then provides a summary of the other three research articles included in this special research forum, with a contribution oriented toward the latter two research avenues posited.

The Role of Government in a Liberal Market Economy

2018 ◽  
pp. 53-61
Author(s):  
Claude Joseph
Keyword(s):  
Public Choice ◽  
Market Failure ◽  
Government Intervention ◽  
Rational Behavior ◽  
Market Failures ◽  
Role Of Government ◽  
Failure Theory ◽  
Theoretical Perspectives ◽  
The Government

This essay is a critical assessment of the market failure theory and public choice theory. While the market failure theory provides a justification for government intervention in the economy, the public choice theorists are very skeptical about the role of government as a corrector of market failures. Since government failures can be worse than market failures, the imperfections in the market process, they argue, do not necessarily call for government intervention. These two theoretical perspectives, notwithstanding their difference, do share something in common. Both assume that individuals are self-interested. This essay contends that a shift from rational self-interested behavior to bounded-rational behavior provides a less contested role for the government. With bounded-rational behavior, the state should no longer be viewed as a mere surrogate of the market, but as “a choice architect,” “an entrepreneur,” and “a manager of conflict.”

The Role of Government in the Labor–Creditor Relationship: Evidence from the Chrysler Bankruptcy

2015 ◽  
Vol 50 (3) ◽  
pp. 325-348 ◽  
Author(s):  
Bradley Blaylock ◽  
Alexander Edwards ◽  
Jared Stanfield
Keyword(s):  
Bargaining Power ◽  
Government Intervention ◽  
Bond Yields ◽  
Role Of Government ◽  
Event Window ◽  
Agency Conflict ◽  
Bond Returns ◽  
The Government ◽  
Pension Liabilities

AbstractWe examine the role of government in the labor–creditor relationship using the case of the Chrysler bankruptcy. As a result of the government intervention, firms in more unionized industries experienced lower event-window abnormal bond returns, higher abnormal bond yields, and lower cumulative abnormal bond returns. The results are stronger for firms closer to distress. We also observe the effect in firms in which labor bargaining power is stronger and those with larger pension liabilities. Overall, the results underline the importance of government as a significant force in shaping the agency conflict between creditors and workers.

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