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Do Entrepreneurs Matter?
Becker, Sascha O.; Hvide, Hans K. - CESifo - 2013
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10010607007
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Business Strategy and Firm Reorganization under Changing Market Conditions
Ghosal, Vivek - CESifo - 2009
modernization investments, including ICT. The second part of the paper presents evidence on firms’ productivity paths, and the … heterogeneity in productivity among relatively similar firms. I also present selected evidence of these firms’ investments in … specific areas and how they affected their productivity. The observation of important intra-industry differences across …
Persistent link: https://www.econbiz.de/10004979391
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Health Insurance and Diversity of Treatment: A Policy Mix Perspective
Bardey, David; Jullien, Bruno; Lozachmeur, Jean-Marie - CESifo - 2013
We determine the optimal health policy mix when the average utility of patients increases with the supply of drugs available in a therapeutic class. Health risk coverage rely on two instruments, copayment and reference pricing, that affect the supported risk composed by health expenses and...
Persistent link: https://www.econbiz.de/10010610086
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Market Entry Regulation and International Competition
Upmann, Thorsten; Stähler, Frank - CESifo - 2003
As a part of their industry or competition policies governments decide whether to allow for free market entry of firms or to regulate market access. We analyze a model where governments (ab)use these policy decisions for strategic reasons in an international setting. Multiple equilibria of this...
Persistent link: https://www.econbiz.de/10005196323
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From One to Many Central Plans: Drug Advertising Inspections and Intra-National Protectionism in China
Eberhardt, Markus; Wang, Zheng; Yu, Zhihong - CESifo - 2014
This paper provides the first micro-level evidence for the existence and patterns of intra-national protectionism in China. We demonstrate that drug advertising inspections are used by provincial governments to discriminate against firms from outside the province and document how the degree of...
Persistent link: https://www.econbiz.de/10010877945
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Determinants of Survival of Newly Created SMEs in the Brazilian Manufacturing: An Econometric Study
Facanha, Luis Otávio; Resende, Marcelo; Cardoso, Vicente - CESifo - 2012
The paper investigates the survival of newly created small and medium enterprises in Brazilian manufacturing taking as reference the 1996-2005 period. The econometric analysis relies on time-varying version of the proportional hazard rate model that controls for unobserved heterogeneity. The...
Persistent link: https://www.econbiz.de/10009645649
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Exchange Rate Volatility, Financial Constraints and Trade: Empirical Evidence from Chinese Firms
Héricourt, Jérôme; Poncet, Sandra - CESifo - 2013
This paper studies how firm-level export performance is affected by Real Exchange Rate (RER) volatility and investigates whether this effect depends on existing financial constraints. Our empirical analysis relies on export data for more than 100,000 Chinese exporters over the 2000-2006 period....
Persistent link: https://www.econbiz.de/10010671572
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Drivers and Obstacles to Banking SMEs: The Role of Competition and the Institutional Framework
Torre, Augusto de la; Pería, María Soledad Martínez; … - CESifo - 2009
Small and medium enterprises (SMEs) are important for employment and economic activity; however, they are perceived to lack adequate financing, which hampers their growth. As a consequence, governments have implemented a number of programs to foster SME lending and attention has focused on...
Persistent link: https://www.econbiz.de/10004979421
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The Measurement of Firm Ownership and its Effect on Managerial Pay
Edwards, Jeremy; Eggert, Wolfgang; Weichenrieder, Alfons - CESifo - 2006
This paper uses German evidence to address two questions about corporate governance. The effects of ownership on corporate governance have received much recent attention, but very little of this has been devoted to the appropriate way to measure firm ownership. The results of this paper show...
Persistent link: https://www.econbiz.de/10005181443
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The Impact of R&D Cooperations on Drug Variety Offered on the Market. Evidence from the Pharmaceutical Industry
Banerjee, Tannista; Siebert, Ralph - CESifo - 2014
Our study puts special attention to the fact that R&D cooperations in the pharmaceutical industry are formed at different stages throughout the drug development process. We study if the timing to engage in R&D cooperations in the pharmaceutical industry has different impacts on the technology...
Persistent link: https://www.econbiz.de/10010734328