Similar Search Results

A new perspective on the firm size-growth relationship: shape of profits, investment and heterogeneous credit constraints

MAYNERIS, Florian - Center for Operations Research and Econometrics (CORE), … - 2011

periods in one of these three dimensions can modify the sign and the intensity of the firm size-investment and the firm size-growth … marginal cost of investment, can explain cross-sectoral variations in the firm size-investment and firm size-growth …This paper shows that the diverging results obtained in the literature on the firm size-growth relationship can be …

Persistent link: https://www.econbiz.de/10010610489

Financial contracting along the business cycle

ATTAR, Andréa - Center for Operations Research and Econometrics (CORE), … - 2003

The paper investigates the effects of macroeconomic conditions on firms' capital structure. We introduce a repeated lender-borrower interaction that allows for debt and equity financing to co-exist as optimal securities in every period. The presence of asymmetric information in the market for...

Persistent link: https://www.econbiz.de/10005008627

Diverging Patterns in a Two Country Model with Endogenous Labor Migration

REICHLIN, Pietro; RUSTICHINI, Aldo - Center for Operations Research and Econometrics (CORE), … - 1993

Models with endogenous growth due to production externalities imply that per capita output is positively affected by …

Persistent link: https://www.econbiz.de/10005042828

Starting an R&D project under uncertainty

Dobbelaere, Sabien; Luttens, Roland Iwan; Peters, Bettina - Center for Operations Research and Econometrics (CORE), … - 2009

Persistent link: https://www.econbiz.de/10008494372

The optimality of hospital financing system: the role of physician-manager interactions

CRAINICH, David; LELEU, Hervé; MAULEON, Ana - Center for Operations Research and Econometrics (CORE), … - 2006

In a paper published by Ma (1994) it was argued that the prospective payment system in the hospital industry was superior to the cost based reimbursement system to achieve both cost reduction and quality improvement ob jectives. In the analysis, it was assumed that quality and costs decisions...

Persistent link: https://www.econbiz.de/10005008181

Exports, international investment, and plant performance : evidence from a non-parametric test

GIRMA, Sourafel; GOERG, Holger; STROBL, Eric - Center for Operations Research and Econometrics (CORE), … - 2004

This paper compares the performance of purely domestic plants, domestic exporters and domestic multinationals. For our empirical analysis we utilise a non-parametric approach based on the principle of first order stochastic dominance. Comparing the cumulative distributions of the measures of...

Persistent link: https://www.econbiz.de/10005008311

Complementarity, coordination, and credit

FEDELE, Alessandro; MANTOVANI, Andrea - Center for Operations Research and Econometrics (CORE), … - 2004

We consider a start-up firm which applies for a bank loan to implement a project based on complementarity activities. The firm has the possibility to improve the complementarity effect by coordinating the activities. Coordination is costly and can be made either by using internal human resources...

Persistent link: https://www.econbiz.de/10005008608

Efficiency Wages, Involuntary Unemployment and Urban Spatial Structure

ZENOU, Yves; SMITH, Tony E. - Center for Operations Research and Econometrics (CORE), … - 1994

The labor market model is developed within an urban spatial context, where it is shown that effeciency-wage policies can lead to significant levels of involuntary unemployment. Commuting cost differences between workers and nonworkers tend to increase unemployment, and competition for land tends...

Persistent link: https://www.econbiz.de/10005042808

Teaching versus research: a multi-tasking approach to multi-department universities

GAUTIER, Axel; WAUTHY, Xavier - Center for Operations Research and Econometrics (CORE), … - 2004

The budget of a university essentially depends on the number of students it enrols. In multi-department universities resources created in one department may be redistributed to other departments. This redistribution affects the way academics share their working time between research and teaching...

Persistent link: https://www.econbiz.de/10005043280

When redistribution leads to regressive taxation

HARITON, Cyril; PIASER, Gwenaël - Center for Operations Research and Econometrics (CORE), … - 2004

We introduce labor contracts, in a framework of optimal redistribution: firms have some local market power and try to discriminate among heterogeneous workers. In this setting we show that if the firms have perfect information, i.e, they perfectly discriminate against workers and take all the...

Persistent link: https://www.econbiz.de/10005043481