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Hard and Soft Locational Factors, Innovativeness and Firm Performance: An Empirical Test of Porter's Diamond Model at the Micro-Level

Eickelpasch, Alexander; Lejpras, Anna; Stephan, Andreas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

performance in terms of market growth or profit assessment, on the other hand. Based on a sample of about 2,100 East German firms …

Persistent link: https://www.econbiz.de/10005068746

What Drives the Productive Efficiency of a Firm?: The Importance of Industry, Location, R&D, and Size

Badunenko, Oleg; Fritsch, Michael; Stephan, Andreas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

This paper investigates the factors that explain the level and dynamics of manufacturing firm productive efficiency. In our empirical analysis, we use a unique sample of about 39,000 firms in 256 industries from the German Cost Structure Census over the years 1992-2005. We estimate the...

Persistent link: https://www.econbiz.de/10005068831

Why Do Firms Switch Their Main Bank?: Theory and Evidence from Ukraine

Stephan, Andreas; Tsapin, Andriy; Talavera, Oleksandr - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

We examine why firms change their main bank and how this affects loans, interest payments and firm performance after switching. Using unique firm-bank matched Ukrainian data, the treatment effect estimates suggest that more transparent and riskier companies are more likely to switch their main...

Persistent link: https://www.econbiz.de/10005068870

Dual Class Stock in Russia: What Explains the Price Differential between Common and Preferred Shares?

Muravyev, Alexander - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

This paper aims to explain the large premium paid on common (voting) shares relative to preferred (non-voting) shares in the Russian stock market. Empirical analysis focuses on two main explanations relating the premium either to the voting right attached to common shares or to differences in...

Persistent link: https://www.econbiz.de/10005068793

Financial Constraints and Continental Business Groups: Evidence from German Konzerns

Schäfer, Dorothea; Gorodnichenko, Yuriy; Talavera, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

Using a unique, large panel of German firms, we examine whether participation in business groups reduces the sensitivity of investment to cash flow. The main finding is that the reduction in the sensitivity is small for small firms and negligible for medium and large firms. We argue that by...

Persistent link: https://www.econbiz.de/10005069012

Persistence and Determinants of Firm Profit in Emerging Markets

Stephan, Andreas; Tsapin, Andriy - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

The paper studies the persistence of profit and its determinants in emerging markets. We apply Markov chain analysis … empirical results show a moderate level of profit persistence, as well as a relatively low speed of adjustment to the steady …-state profit level, thus providing no support for the hypothesis that there is a lower persistence of profits in emerging markets …

Persistent link: https://www.econbiz.de/10004963898

The Impact of Introducing an Interest Barrier: Evidence from the German Corporation Tax Reform 2008

Buslei, Hermann; Simmler, Martin - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

' capital structure, investment and profitability. The identification of the causal effects is based on the escape clauses in …

Persistent link: https://www.econbiz.de/10010552491

The Effects of Short-Term Liabilities on Profitability: The Case of Germany

Baum, Christopher F.; Schäfer, Dorothea; Talavera, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

-term liabilities. We develop a structural model of a firm's value maximization problem that predicts that profitability of the firm …

Persistent link: https://www.econbiz.de/10005068970

Determinants of Export Behaviour of German Business Services Companies

Eickelpasch, Alexander; Vogel, Alexander - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

The determinants of export behaviour at firm level have been widely investigated for manufacturing companies. By contrast, what has remained largely neglected is a detailed investigation in the service sector. As aggregate statistics show, international trade in services has grown significantly...

Persistent link: https://www.econbiz.de/10004963922

Outsourcing and Firm-level Performance

Görzig, Bernd; Stephan, Andreas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002

Using firm-level panel data from the German cost structure survey over the period 1992 to 2000, our empirical analysis shows that firms that increased material inputs relative to internal labor costs performed better in terms of gross operating surplus than other firms. However, firms that...

Persistent link: https://www.econbiz.de/10004963941