Freiheit und Selbstbestimmung sind zentrale Werte unserer heutigen Arbeitswelt: Die Beziehungen zwischen Organisationen und Arbeitskraeften werden marktorientierter, Beschaeftigungsrisiken muessen zunehmend von Individuen getragen werden und Unternehmertum wird zum Ideal arbeitnehmerischen...

Freiheit und Selbstbestimmung sind zentrale Werte unserer heutigen Arbeitswelt: Die Beziehungen zwischen Organisationen und Arbeitskräften werden marktorientierter, Beschäftigungsrisiken müssen zunehmend von Individuen getragen werden und Unternehmertum wird zum Ideal arbeitnehmerischen...

We study the distribution of political speech across U.S. firms. We develop a measure of political engagement based on firms' communications (earnings calls, regulatory filings, and social media), by training a large language model to identify statements that contain political opinions. Using...

We study the consequences of weakening shareholder primacy using Nevada Senate Bill 203 as a quasi-natural experiment. A difference-in-differences analysis shows that, instead of improving their governance in response to the Bill to reassure capital providers, affected firms experience a...

This paper examines the importance of buyer-supplier relationships, geography and the structure of the production network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different locations. Low search and outsourcing costs lead firms to...

This paper examines the factors that give rise to intermediaries in exporting and explores the implications for trade volumes. Export intermediaries such as wholesalers serve different markets and export different products than manufacturing exporters. In particular, high market-specific fixed...

Two otherwise identical firms that enter the same market in different months, one in January and one in December, will report dramatically different annual sales for the first calendar year of operations. This partial year effect in annual data leads to downward biased observations of the level...

The main aim of this paper is to present the methodology of research, carried out in the framework of the project The role of foreign trade in the convergence process. Trading companies - opportunities and risks in the euro zone. The research was conducted in 2013 by a group of researchers...

Small and medium size enterprises operate in very different forms and types of activities in various international markets. Very strong competition, which occurs in the domestic market, as well as its small size, in case of small countries in particular and, consequently the saturation of the...