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Fishing for Excuses and Performance Evaluation

Larmande, François; Ponssard, Jean-Pierre - CESifo - 2014

We study a principal-agent model in which the agent can provide ex post additional relevant information regarding his performance. In particular, he can provide a legitimate excuse, that is, evidence that a poor result is only due to factors outside his control. However, building a convincing...

Persistent link: https://www.econbiz.de/10010877776

The Benefits of Being Economics Professor A (and not Z)

Praag, Mirjam van; Praag, Bernard M.S. van - CESifo - 2007

Alphabetic name ordering on multi-authored academic papers, which is the convention in the economics discipline and various other disciplines, is to the advantage of people whose last name initials are placed early in the alphabet. As it turns out, Professor A, who has been a first author more...

Persistent link: https://www.econbiz.de/10005766276

Mitigating Liquidity Constraints: Public Export Credit Guarantees in Germany

Felbermayr, Gabriel J.; Heiland, Inga; Yalcin, Erdal - CESifo - 2012

Reportedly, firms often find it impossible to finance large and long-term projects despite positive net present values. Should governments step in and can their assistance be effective? This paper studies the case of public export credit guarantees in Germany. Covering the default risk of...

Persistent link: https://www.econbiz.de/10010877647

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

Ownership Concentration and Share Valuation: Evidence from Germany

Edwards, Jeremy; Weichenrieder, Alfons - CESifo - 1999

Concentrated ownership of large listed companies is widespread throughout the world, and Germany is typical in this respect. This paper proposes a method of distinguishing empirically between the beneficial and harmful effects of ownership concentration, and applies it to German data. The...

Persistent link: https://www.econbiz.de/10005406388

Market Effects of Voluntary Climate Action by Firms: Evidence from the Chicago Climate Exchange

Gans, Will; Hintermann, Beat - CESifo - 2011

Why do for-profit firms take voluntary steps to improve the environment? Brand appeal to green consumers or investors, the ability to influence or avoid regulation, or the experience gained for future regulation, have all been suggested as possible reasons. The empirical evidence is decidedly...

Persistent link: https://www.econbiz.de/10009021238

Productivity as if Space Mattered: An Application to Factor Markets Across China

Cheng, Wenya; Morrow, John; Tacharoen, Kitjawat - CESifo - 2013

results quantify the role of regional factor markets in firm productivity and location. Considering modern China as a large …

Persistent link: https://www.econbiz.de/10010877649

Productivity Response to a Contract Change

Jayaraman, Rajshri; Ray, Debraj; Véricourt, Francis de - CESifo - 2014

This paper studies the productivity impact of a contract change for tea pluckers in an Indian plantation. The contract …

Persistent link: https://www.econbiz.de/10010877659

The Real Exchange Rate in the Long Run: Balassa-Samuelson Effects Reconsidered

Bordo, Michael D.; Choudhri, Ehsan U.; Fazio, Giorgio; … - CESifo - 2014

Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …

Persistent link: https://www.econbiz.de/10010877817

Firm Performance and Trade with Low-Income Countries: Evidence from China

Schmerer, Hans-Jörg; Wang, Luhang - CESifo - 2014

evidence for sequential sorting into different export-modes according to firm productivity: i) only the most productive firms …

Persistent link: https://www.econbiz.de/10010888447