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Specialization, Agency Cost and Firm Size

Cho, Sungbin - Econometric Society - 2004

productivity can be achieved if, as the number of agents increases, their task assignments become more specialized. However …. Balancing productivity gains with monitoring costs determines the optimal size of the firm. This paper shows that agency costs …

Persistent link: https://www.econbiz.de/10005342377

Labour Productivity, Import Competition and Market Structure in Australian Manufacturing

McDonald, James Ted; Bhattacharya, Mita; Bloch, Harry - Econometric Society - 2004

Through altering competitive conditions, globalisation can have a significant impact on productivity of the domestic … economy. Foreign competition can stimulate the productivity improvements by domestic firms or it can lead to the elimination … equipment and techniques, thereby slowing the adaptation of productivity improvements. Thus, the impact of globalisation on …

Persistent link: https://www.econbiz.de/10005063676

Productivity Growth of Indian Manufacturing Sector: Panel Estimation of Stochastic Production Frontier and Technical Inefficiency

Rath, Badri Narayan; Madheswaran, S. - Econometric Society - 2004

Abstract Applying a Stochastic Production Frontier to sector-level data within manufacturing sector in India, this … paper examines Total Factor Productivity (TFP) growth during 1979-80 to 1997-98. The analysis focuses on the trend of … this paper, allows us to separate out these two components, and to identify productivity growth due to either improvement …

Persistent link: https://www.econbiz.de/10005702736

Productivity Growth of Indian Manufacturing Sector: Panel Estimation of Stochastic Production Frontier and Technical Inefficiency

Rath, Badri Narayan; Madheswaran, S. - Econometric Society - 2004

Persistent link: https://www.econbiz.de/10005342339

Probability of Survival of New Manufacturing Plants: the case of Chile

Benavente, José Miguel; Ferrada, Christian - Econometric Society - 2004

This paper studies the probability of survival of the manufacturing plants that start producing in Chile in the period 1979-1999 using a proportional hazards model. Opposing previous empirical international evidence, the survival diminishes with age, initial size, and with the rate of growth of...

Persistent link: https://www.econbiz.de/10005328922

Tunneling and Propping: A Justification for Pyramidal Ownership

Riyanto, Yohanes E.; Toolsema, Linda A. - Econometric Society - 2004

This paper presents a formal model of tunneling and propping in a pyramidal ownership structure. Tunneling refers to controlling shareholders shifting funds from one firm to another in the same pyramid. Propping is tunneling that is done to save the receiving firm from bankruptcy. We compare the...

Persistent link: https://www.econbiz.de/10005086419

Electronic Markets, Search Costs and Firm Boundaries

Sankaranarayanan, Ramesh; Sundararajan, Arun - Econometric Society - 2004

integrates search theory into the hidden-action principal-agent model and characterize the optimal contract, showing that the …

Persistent link: https://www.econbiz.de/10005063689

Product Market Competition and Productive Managerial Effort

Cho, Sungbin - Econometric Society - 2004

This paper analyzes a mechanism through which product market competition affects allocation of the managerial efforts. There are two types of firms, incumbents and entrants. Each incumbent firm delegates its control to a manager and cannot observe the manager's effort. The managers of incumbent...

Persistent link: https://www.econbiz.de/10005063759

Product Market Competition and the Boundaries of the firm

Bettignies, Jean-Etienne de - Econometric Society - 2004

This paper studies the effects of product market competition on vertical integration. In a duopoly setting, each retailer is associated with a manufacturer who must decide how to allocate property rights over the retail asset. Choosing delegation of property rights over vertical integration...

Persistent link: https://www.econbiz.de/10005699681

External Recruitment as an incentive Device

Chen, Kong-Pin - Econometric Society - 2004

External recruitment has often been viewed as a necessary evil in that it trades off the need for outside talents with the incentives of inside workers. This paper, however, shows that even from an incentive viewpoint, external recruitment has its positive role to play. Specifically, if...

Persistent link: https://www.econbiz.de/10005702639