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Corporate Philanthropy and Productivity: Evidence from an Online Real Effort Experiment

Tonin, Mirco; Vlassopoulos, Michael - CESifo - 2014

Contributing to a social cause can be an important driver for workers in the public and non-profit sector as well as in firms that engage in Corporate Philanthropy or other Corporate Social Responsibility policies. This paper compares the effectiveness of social incentives - that take the form...

Persistent link: https://www.econbiz.de/10010764293

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

The Signaling Role of Corporate Social Responsibility

Blumkin, Tomer; Margalioth, Yoram; Sharoni, Adi - CESifo - 2014

We examine the role of CSR as a mechanism for private provision of public goods. We argue that corporations are using CSR to signal high product quality and demonstrate that signaling gives rise to an excessive level of contributions that offsets the positive externality, which causes the...

Persistent link: https://www.econbiz.de/10010948835

Firms’ Ethics, Consumer Boycotts, and Signalling

Glazer, Amihai; Kanniainen, Vesa; Poutvaara, Panu - CESifo - 2008

This paper develops a theory of consumer boycotts. Some consumers care not only about the products they buy but also about whether the firm behaves ethically. Other consumers do not care about the behavior of the firm but yet may like to give the impression of being ethical consumers....

Persistent link: https://www.econbiz.de/10005406378

The Environmental and Macroeconomic Effects of Socially Responsible Investment

Dam, Lammertjan; Heijdra, Ben J. - CESifo - 2008

We analyze the effects of socially responsible investment and public abatement on environmental quality and the economy in a continuous-time dynamic growth model featuring optimizing households and firms. Environmental quality is modelled as a renewable resource. Consumers can invest in...

Persistent link: https://www.econbiz.de/10005196236

Determinants of Cross-Border Bank Acquisitions in Transition Economies: A Latent Class Analysis

Poghosyan, Tigran; Haan, Jakob de - CESifo - 2008

We analyze the microeconomic determinants of cross-border bank acquisitions in 16 transition economies over the period 1996-2006. By using a latent class discrete choice model we explicitly incorporate the macroeconomic and institutional heterogeneity of the transition economies into our...

Persistent link: https://www.econbiz.de/10005405973

Driven by the Discount Factor: Impact of Mergers on Market Performance in the Semiconductor Industry

Harris, Jeremiah; Siebert, Ralph - CESifo - 2015

This study investigates the impact of firm-specific discount factors on merger formation and market performance. We estimate firm-specific discount factors for 228 publicly traded and privately held firms operating in the semiconductor market and apply a heterogeneous treatment effects model...

Persistent link: https://www.econbiz.de/10011163068

Innovation in the Supply and Procurement of Rig Services

Osmundsen, Petter - CESifo - 2014

Substantial elements of innovation have been observable during recent years in rig supply, in particular regarding contracts and organisation. This trend has been driven by the fact that rising costs over many years have put profitability under pressure. On the basis of theory and available...

Persistent link: https://www.econbiz.de/10010948889

Finance, Control, and Profitability: The Influence of German Banks

Chirinko, Robert S.; Elston, Julie Ann - CESifo - 2003

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German...

Persistent link: https://www.econbiz.de/10005094259

Connections and Performance in Bankers' Turnover: Better Wed over the Mixen than over the Moor

Battistin, Erich; Graziano, Clara; Parigi, G. - CESifo - 2008

survival of top executives (Presidents, CEOs and General Managers) to bank performance and the manager’s local connections …-manager appointments. We measure the extent? of managers’ local connections by the distance between the province of the bank’s headquarters … and the manager’s province of birth. We show that top managers tend to be local in the sense that the distribution of this …

Persistent link: https://www.econbiz.de/10005094382