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that besides age and size, FDI and R&D are essential determinants of firm growth. We use GMM estimation for fixed effects …
Persistent link: https://www.econbiz.de/10009363643
Firm insiders a manager and a board face moral hazard in relation to their outside shareholders in a repeated game with asymmetric information and stochastic market outcomes. The manager determines whether or not outsiders are cheated; the board, whose objectives differ from those of outside...
Persistent link: https://www.econbiz.de/10009363724
This paper tries to analyze the interrelationship between possibilities of conflict in cross border mergers and acquisitions and firm and market characteristics in a two country three firm model. We show that in general an increase in asymmetry across firms reduces the possibility of conflict...
Persistent link: https://www.econbiz.de/10009365327
participation in export markets. The estimation results also point to the supportive influences of foreign ownership, worker …
Persistent link: https://www.econbiz.de/10010901622
participation in export markets. The estimation results also point to the supportive influences of foreign ownership, worker …
Persistent link: https://www.econbiz.de/10010901625
The industrial transformation of Asia is a development on a scale unprecedented in human history. Following the industrial revolution towards the end of the eighteenth century, Europe and North America each in turn came to dominate the world economy and global power. Now economic weight is...
Persistent link: https://www.econbiz.de/10011277990
This study provides a conceptual framework to explain what kinds of difficulties a late-follower will suffer from when it tries to join pre-existing International Production Networks (IPNs). We consider the total production cost minimization problem by a multinational company (MNC) in allocating...
Persistent link: https://www.econbiz.de/10011278003
This paper presents a simple model of industrial upgrading as a result of backward and forward information linkages between upstream and downstream relations. It also serves as an empirical investigation of the impact of mutual knowledge exchange on the knowledge production function using data...
Persistent link: https://www.econbiz.de/10011278011
The need for fiscal consolidation and sustainability is one of the key macroeconomic issues confronting Indian economy. This paper attempts to understand India’s current fiscal situation, its likely future development, and its impact on the economy in the context of a weak...
Persistent link: https://www.econbiz.de/10011278027
with the People’s Republic of China (PRC), and India (“the ACI countriesâ€), are no strangers to this underlying trend … regional economies such as India and the Philippines. There is clear scope for policymakers to support expansion of this kind … General Agreement on Trade in Services (GATS). Conclusion of a services agreement with India could provide an additional spur …
Persistent link: https://www.econbiz.de/10011278062