Showing 1 - 10 of 10,510
We survey recent microeconometric research on investment and employment that has used panel data on individual firms or … theory of the demand for capital and labour, on which most of the econometric models of investment and employment that we … of adjustment, which have played a prominent role especially in the microeconometric literature on investment. With …
Persistent link: https://www.econbiz.de/10014024950
Over recent years `opportunity cost' (OC) models of growth have been constructed which suggest that firms take …
Persistent link: https://www.econbiz.de/10005666892
This paper analyzes the behavior of a firm that chooses both the scale and timing of its investment. Sensitivity … is in contrast to the conventional wisdom, which is that greater volatility leads to investment in smaller increments … investment is a decreasing function of demand volatility. The timing and scale of investment are most sensitive to volatility …
Persistent link: https://www.econbiz.de/10010871049
We evaluate differences in investment behavior between stock market listed and privately held firms in the U.S. using a … rich new data source on private firms. Listed firms invest less and are less responsive to changes in investment … firms, how we measure investment opportunities, lifecycle differences, or our matching criteria. We suggest that the …
Persistent link: https://www.econbiz.de/10009278252
This paper investigates how firms should plan corporate social responsibility (short CSR). This dynamic analysis starts with a firm's intertemporal optimization problem, and proceeds to analyze interactions with other firms, which are crucial: if CSR is profitable for firm A then it is most...
Persistent link: https://www.econbiz.de/10010688112
This paper reports the results from a laboratory experiment which investigates the structure of contracts that emerge in overlapping-generation firms where future ownership is a perquisite of employment. Workers in the young generation are offered employment contracts designed by the firms'...
Persistent link: https://www.econbiz.de/10010665915
catalyze adoption of investments and practices aimed towards enterprise growth. We find that entrepreneurs invest the cash, and …
Persistent link: https://www.econbiz.de/10011084680
We worked with two microlenders to test impacts of randomly assigned reminders for loan repayments in the "text messaging capital of the world". We do not find strong evidence that loss versus gain framing or messaging timing matter. Messages only robustly improve repayment when they include the...
Persistent link: https://www.econbiz.de/10011188547
risk in low-demand states or industry-wide investment lowering risk in high-demand states. This paper presents a simple …
Persistent link: https://www.econbiz.de/10010617319
I estimate the effect of uncertainty on risky innovation using a panel of 11,417 manufacturing firms. I find that an increase in uncertainty has a large negative effect on the risky innovation of entrepreneurial firms, while it does not have any significant impact on other firms. This negative...
Persistent link: https://www.econbiz.de/10010593844