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Private Equity, Corporate Governance and Out-Performance of High-Growth Firms
Badunenko, Oleg; Karber, Moritz Fabien; Schäfer, Dorothea - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We … conclusions. The shareholding by PE and bank has influence on out-performance but only if either the PE investor or the bank hold … between 75 to 100 percent of firm's shares. The direction of the effect is opposite. PE has a positive, while bank has a …
Persistent link: https://www.econbiz.de/10010661265
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Private Equity, Corporate Governance and Out-Performance of High-Growth Firms
Badunenko, Oleg; Karber, Moritz Fabien; Schäfer, Dorothea - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We … conclusions. The shareholding by PE and bank has influence on out-performance but only if either the PE investor or the bank hold … between 75 to 100 percent of firm's shares. The direction of the effect is opposite. PE has a positive, while bank has a …
Persistent link: https://www.econbiz.de/10011128093
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A Nation-Wide Laboratory: Examining Trust and Trustworthiness by Integrating Behavioral Experiments into Representative Surveys
Fehr, Ernst; Fischbacher, Urs; Rosenbladt, Bernhard von; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002
Typically, laboratory experiments suffer from homogeneous subject pools and selfselection biases. The usefulness of survey data is limited by measurement error and by the questionability of their behavioral relevance. Here we present a method integrating interactive experiments and...
Persistent link: https://www.econbiz.de/10005068699
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Consolidating the Water Industry: An Analysis of the Potential Gains from Horizontal Integration in a Conditional Efficiency Framework
Zschille, Michael - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012
The German potable water supply industry is regarded as being highly fragmented, thus inhibiting high potentials for efficiency improvements through consolidation. Focusing on a hypothetical restructuring of the industry, we apply Data Envelopment Analysis (DEA) to analyze the potential...
Persistent link: https://www.econbiz.de/10009646239
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Complementarities, Below-Cost Pricing, and Welfare Losses
Schlippenbach, Vanessa von - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
We analyze below-cost pricing in retail markets and examine its impact on social welfare as well as on suppliers' incentives to invest in quality. Considering negotiations about a linear wholesale price between the retailer and her suppliers, we find that below-cost pricing aggravates the double...
Persistent link: https://www.econbiz.de/10004963623
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Managerial Incentives, Innovation and Product Market Competition
Zhang, Zhentang - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002
This paper investigates the strategic value of the managerial incentive scheme in affecting firms' incentive in R&D investment and their product market activities. Firstly, we find that in Cournot-quantity competition, owners strategically assign a non-profitmaximization objective to their...
Persistent link: https://www.econbiz.de/10004963697
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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
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The Impact of E-Procurement on the Number of Suppliers: Where to Move to?
Nepelski, Daniel - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
This paper examines how electronic procurement influences the organization of economic transactions. It seeks evidence for ICT-induced changes in how companies organize their activities and whether ICT lead to more competitive and transparent markets. Testing the relationship between the effect...
Persistent link: https://www.econbiz.de/10005068891
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Consumer Shopping Costs as a Cause of Slotting Fees: A Rent-Shifting Mechanism
Caprice, Stéphane; Schlippenbach, Vanessa von - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
Analyzing a sequential bargaining framework with one retailer and two suppliers of substitutable goods, we show that slotting fees may emerge as a result of a rent-shifting mechanism when consumer shopping costs are taken into account. If consumers economize on their shopping costs by bundling...
Persistent link: https://www.econbiz.de/10008574051
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Financing LNG Projects and the Role of Long-Term Sales-and-Purchase Agreements
Rüster, Sophia - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015
The financing of infrastructures is a major topic in recent energy policy debates. Project finance, as a specialized form of debt finance, thereby has become a well-established financing tool. This paper contributes a qualitative and quantitative analysis of the determinants of the debt ratio in...
Persistent link: https://www.econbiz.de/10011185759