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Outside Purchase Contracts, Human Capital and Firm Capital Structure
Phillips, Gordon M.; Moon, S. Katie - National Bureau of Economic Research (NBER) - 2014
We examine the impact of outside purchase contracts on firm risk and firm capital structure. We find that firms with more outside purchase contracts have less risky cash flows. Despite these less risky cash flows, firms with these contracts also have less financial leverage especially when they...
Persistent link: https://www.econbiz.de/10010951012
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Barriers to co-operation and competitive advantage: cross-border business networks of Saxon and Northern Bohemian firms
Leick, Birgit - In: Journal for East European Management Studies 16 (2011) 2, pp. 162-184
Small-scale business co-operation across borders is considered as major driving force of economic integration between Western and Central Eastern Europe. In this context, it is argued that business co-operation and networks support the creation of competitive advantage. This paper sheds new...
Persistent link: https://www.econbiz.de/10009644649
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Vertical Integration and Technology: Theory and Evidence
Acemoglu, Daron; Aghion, Philippe; Griffith, Rachel; … - In: Journal of the European Economic Association 8 (2010) 5, pp. 989-1033
between technology intensity and vertical integration from a simple incomplete contracts model. Then, we investigate these … predictions, we find that the technology intensity of downstream (producer) industries is positively correlated with the …'s costs. These results are generally robust and hold with alternative measures of technology intensity, with alternative …
Persistent link: https://www.econbiz.de/10008694972
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The Organizational Implications of Creativity: The US Film Industry in Mid-XXth Century
Gil, Ricard; spiller, pablo t. - National Bureau of Economic Research (NBER) - 2007
We develop a basic framework to understand the organization of highly creative activities. Management faces a fundamental tradeoff in organizing such activities. On the one hand, since creativity cannot be achieved by command and control or by monetary incentives, internal/contractual production...
Persistent link: https://www.econbiz.de/10005710221
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Vertical Integration and Technology: Theory and Evidence
Acemoglu, Daron; Griffith, Rachel; Zilibotti, Fabrizio; … - National Bureau of Economic Research (NBER) - 2004
vertically integrated when the producing industry is more technology intensive and the supplying industry is less technology … producer's costs. These results are generally robust and hold with alternative measures of technology intensity, with … vertical integration in terms of investment incentives. …
Persistent link: https://www.econbiz.de/10005579891
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Organization of Multinational Activities and Ownership Structure
Mugele, Christian; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2006
) production intensive sectors are more likely to operate a foreign business independent of the investment motive, (ii) that …
Persistent link: https://www.econbiz.de/10005791570
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Investments in physical capital, relationship-specificity, and the property rights approach
Schmitz, Patrick W. - In: Economics Letters 119 (2013) 3, pp. 336-339
We reconsider the property rights approach to the theory of the firm based on incomplete contracts. We explore the implications of different degrees of relationship-specificity when there are two parties, A and B, who can make investments in physical capital (instead of human capital). If...
Persistent link: https://www.econbiz.de/10010664120
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Investments in physical capital, relationship-specificity, and the property rights approach
Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2013
We reconsider the property rights approach to the theory of the firm based on incomplete contracts. We explore the implications of different degrees of relationship-specificity when there are two parties, A and B, who can make investments in physical capital (instead of human capital). If...
Persistent link: https://www.econbiz.de/10011083975
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Labor union bargaining and firm organizational structure
Chongvilaivan, Aekapol; Hur, Jung; Riyanto, Yohanes E. - In: Labour Economics 24 (2013) C, pp. 116-124
Bargaining sequences, though vital to the real-world business strategies, are often treated as exogenously given. We examine bargaining sequences in the setting where a downstream firm makes a merger decision with an upstream partner and faces a negotiation with a union. When the downstream...
Persistent link: https://www.econbiz.de/10010719506
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The Multinational Firm
Yeaple, Stephen Ross - In: Annual Review of Economics 5 (2013) 1, pp. 193-217
This article documents the recent advances in the international trade literature toward understanding the role of multinational firms in the conduct of international commerce. Over the past 10 years, we have developed a better understanding of the incentives firms face in their choice of...
Persistent link: https://www.econbiz.de/10010822965