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Legal Form, Growth and Exit of West German Firms - Empirical Results for Manufacturing, Construction, Trade and Service Industries
Harhoff, Dietmar; Stahl, Konrad; Woywode, Michael - C.E.P.R. Discussion Papers - 1996
liquidation, while the propensity to insolvency is not affected by the owner’s age. The basic empirical results hold in pooled … under limited liability should be characterized by higher than average insolvency and employment growth rates. We test these … approximately 11,000 West German firms from all major sectors of the German economy. We distinguish between voluntary liquidation …
Persistent link: https://www.econbiz.de/10005136761
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Loss Aversion and the Uniform Pricing Puzzle for Vertically Differentiated Products
Courty, Pascal; Nasiry, Javad - C.E.P.R. Discussion Papers - 2015
The uniform pricing puzzle for vertically differentiated products states that a monopolist sells high and low quality products at the same price despite the fact that quality is perfectly observable and that there are no significant costs of adjusting prices. The puzzle is relevant for movies,...
Persistent link: https://www.econbiz.de/10011249375
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Demand Fluctuations, Capacity Constraints and Repeated Interaction: An Empirical Analysis of Service Quality Adjustments
Chatain, Olivier; Eizenberg, Alon - C.E.P.R. Discussion Papers - 2015
We utilize a unique database from a large legal services provider to examine how service quality responds to the firm's available capacity and workload, and to the nature of the firm-client relationship. We develop empirical measures of both the (internal) level of resources available to the...
Persistent link: https://www.econbiz.de/10011262890
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Using Export Market Performance to Evaluate Regional Preferential Policies in China
Schminke, Annette; Van Biesebroeck, Johannes - C.E.P.R. Discussion Papers - 2011
We apply program evaluation methods to analyze the effectiveness of two types of preferential regional policy programs in China's manufacturing sector. Economic and Technological Development Zones (ETDZs) aim to facilitate firms' internationalization strategies. Science and Technology Industrial...
Persistent link: https://www.econbiz.de/10009385770
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The land that Lean manufacturing forgot? Management practices in transition countries
Bloom, Nicholas; Schweiger, Helena; Van Reenen, John - C.E.P.R. Discussion Papers - 2011
We have conducted the first survey on management practices in transition countries. We found that Central Asian transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are below emerging countries such as Brazil, China and...
Persistent link: https://www.econbiz.de/10009207520
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Pandering to Persuade
Che, Yeon-Koo; Dessein, Wouter; Kartik, Navin - C.E.P.R. Discussion Papers - 2010
A principal chooses one of n=2 projects or an outside option. An agent is privately informed about the projects' benefits and shares the principal's preferences except for not internalizing her value from the outside option. We show that strategic communication is characterized by pandering: the...
Persistent link: https://www.econbiz.de/10008466340
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Does Family Control Affect Trade Performance? Evidence for Italian Firms
Barba Navaretti, Giorgio; Faini, Riccardo; Tucci, Alessandra - C.E.P.R. Discussion Papers - 2008
This paper examines whether the export decision of firms is affected by their ownership structure, specifically it looks at whether family control is an obstacle to entering foreign markets. The underlying assumption is that family firms are risk averse. Risk aversion may be an obstacle to...
Persistent link: https://www.econbiz.de/10005666735
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The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists
Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2006
Exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an …
Persistent link: https://www.econbiz.de/10005791605
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The Rules of Standard Setting Organizations: An Empirical Analysis
Chiao, Benjamin; Lerner, Josh; Tirole, Jean - C.E.P.R. Discussion Papers - 2007
This paper empirically explores standard-setting organizations’ policy choices. Consistent with Lerner-Tirole (2006), we find (a) a negative relationship between the extent to which an SSO is oriented to technology sponsors and the concession level required of sponsors and (b) a positive...
Persistent link: https://www.econbiz.de/10005792070
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The Flattening Firm and Product Market Competition
Guadalupe, Maria; Wulf, Julie - C.E.P.R. Discussion Papers - 2009
This paper establishes a causal effect of product market competition on various characteristics of organizational design. Using a unique panel dataset on firm hierarchies of large U.S. firms (1986-1999) and a quasi-natural experiment (trade liberalization), we find that increasing competition...
Persistent link: https://www.econbiz.de/10005792092