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Is Pollution Value-Maximizing? The Dupont Case

Shapira, Roy - 2017

's perspective, even if the cost of preventing pollution was lower than the cost of the health damages produced. We then examine why …

Persistent link: https://www.econbiz.de/10012946500

What Determines Firm Size?

Kumar, Krishna B. - 2010

Motivated by theories of the firm, which we classify as technological' or organizational,' we analyze the determinants of firm size across industries and across countries in a sample of 15 European countries. We find that, on average, firms facing larger markets are larger. At the industry...

Persistent link: https://www.econbiz.de/10012763358

The Influence of the Financial Revolution on the Nature of Firms

Rajan, Raghuram G. - 2001

Major technological, regulatory, and institutional changes have made finance more widely available in recent years, amounting to a bone fide 'financial revolution'. In this article, we focus on the impact the financial revolution has had on the way firms are (or should be) organized and managed,...

Persistent link: https://www.econbiz.de/10012787765

Power in a Theory of the Firm

Rajan, Raghuram G.; Zingales, Luigi - 2021

Transactions take place in the firm rather than in the market because the firm offers agents" who make specific investments power. Past literature emphasizes the allocation of ownership as the" primary mechanism by which the firm does this. Within the contractibility assumptions of this"...

Persistent link: https://www.econbiz.de/10013246058

The Firm as a Dedicated Hierarchy : A Theory of the Origin and Growth of Firms

Rajan, Raghuram G.; Zingales, Luigi - 2021

A fundamental problem entrepreneurs face in the formative stages of their businesses is how to provide incentives for employees to protect, rather than steal, the source of organizational rents. We study how the entrepreneur's response to this problem will determine the organization's internal...

Persistent link: https://www.econbiz.de/10013247198

Particulate Pollution and the Productivity of Pear Packers

Chang, Tom - 2014

We study the effect of outdoor air pollution on the productivity of indoor workers at a pear-packing factory. We focus … of outdoor pollution on the productivity of indoor workers suggests a thus far overlooked consequence of pollution. Back …

Persistent link: https://www.econbiz.de/10013057821

Does Pollution Increase School Absences?

Currie, Janet - 2013

We examine the effect of air pollution on school absences using unique administrative data for elementary and middle … variations in pollution within school-year-attendance period cells. We find that high levels of carbon monoxide (CO …

Persistent link: https://www.econbiz.de/10012753880

Days of Haze : Environmental Information Disclosure and Intertemporal Avoidance Behavior

Zivin, Joshua Graff - 2014

In this paper, we investigate the dynamics of informational regulatory approaches by analyzing the impact of smog alerts issued on consecutive days on discretionary outdoor activities in Southern California. Short-run adjustments to transitory risk entail costs that are likely to influence the...

Persistent link: https://www.econbiz.de/10012751334

Long-Run Pollution Exposure and Adult Mortality : Evidence from the Acid Rain Program

Barreca, Alan I. - 2017

all quasi-experimental evidence on the effects of pollution on health exploits changes in short-term exposure. Quantifying … long-run exposure impacts requires a lasting, exogenous change in ambient pollution. Even if the initial change in … pollution is exogenous, the long-run nature allows more time for economic agents to respond to changes in pollution, resulting …

Persistent link: https://www.econbiz.de/10012953978

The Effect of Pollution on Worker Productivity : Evidence from Call-Center Workers in China

Chang, Tom - 2016

We investigate the effect of pollution on worker productivity in the service sector by focusing on two call centers in … China. Using precise measures of each worker's daily output linked to daily measures of pollution and meteorology, we find … that higher levels of air pollution decrease worker productivity by reducing the number of calls that workers complete each …

Persistent link: https://www.econbiz.de/10012989130