Showing 1 - 10 of 77
This paper investigates whether employee characteristics matter for firm survival. The focus of the paper is on born global firms both within the manufacturing and KIBS industries. A Cox proportional hazard model is implemented to find hazard ratios of the included employee and control...
Persistent link: https://www.econbiz.de/10010742098
This paper studies the performance of KIBS firms that are aimed for global markets from inception. Despite the increasing importance of KIBS, no previous study has investigated born global firms in this sector of the economy. Three definitions are used to categorize firms as born global. Both...
Persistent link: https://www.econbiz.de/10010742117
We assess the impact of the location of genuinely new ventures and spinoffs on these firms’ survival, productivity and growth. The study distinguishes between four different categories of locations: metro cities, metro regions, urban areas, and rural areas. Using a unique database covering...
Persistent link: https://www.econbiz.de/10010818708
This paper investigates whether born global firms perform differently compared to other newly founded manufacturing firms. A rigorous quantitative treatment of born global firms has been absent in the international entrepreneurship literature. The quantitative focus of the paper adds to this...
Persistent link: https://www.econbiz.de/10010818730
We provide empirical evidence of both (1) price dispersion and (2) credit rationing in the corporate loan market. We argue that these properties are caused by two factors: an adverse selection resulting from the information asymmetry between lenders and borrowers, and search frictions in...
Persistent link: https://www.econbiz.de/10010818739
This paper investigates the determinants of liability maturity choice in transition markets. We formulate a model of ¯rm value maximization that describes managers' choice of optimal debt structure. The theoretical predictions are tested using a unique panel of 4,300 Ukrainian firms during the...
Persistent link: https://www.econbiz.de/10005644950
The importance of capital structure is explored by comparing existing archetypes of financial systems through a new … methodological application. Differences in firms’ cost of capital show that capital structure is relevant in R&D and other investment … capital structure; 2) observed leverage is often different from target in both equity (or stock market based) and debt (or …
Persistent link: https://www.econbiz.de/10005644969
performance measure marginal q developed by Mueller and Reardon (1993) is used. Marginal q measures the marginal return on capital … relative its cost of capital. This is a more appropriate measure of performance than Tobin’s average q. The question of how …
Persistent link: https://www.econbiz.de/10005419306
This paper investigates the entrepreneurial spirit in Swedish listed family firms. We associate family firms with entrepreneurship in the sense that there is an identifiable person that takes the uninsurable risk in the sense of Knight. This paper analysis two questions: Do entrepreneurial...
Persistent link: https://www.econbiz.de/10005419314
investments to the cost of capital. We find that institutional and foreign owners positively influence the performance of firms …
Persistent link: https://www.econbiz.de/10005419319