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Exploring the "mechanics" of firm growth : evidence from a short-panel VAR

Coad, Alex - HAL - 2007

employment, sales, gross operating surplus and labour productivity growth. Preliminary results suggest that employment growth is … is not followed by much employment growth or sales growth. …

Persistent link: https://www.econbiz.de/10010750364

Neoclassical vs Evolutionary Theories of Financial Constraints : Critique and Prospectus

Coad, Alex - HAL - 2007

Complicated neoclassical models predict that if investment is sensitive to current financial performance, this is a sign that something is "wrong" and is to be regarded as a problem for policy. Evolutionary theory, on the other hand, refers to the principle of "growth of the fitter" to explain...

Persistent link: https://www.econbiz.de/10010750396

The employment effects of innovation

Coad, Alex; Rao, Rekha - HAL - 2007

investigations that have focused on the relationship between innovation and employment, the originality of our approach lies in our … semi-parametric quantile regression. Whilst some firms may reduce employment levels after innovating, others increase … employment. We then move on to a weighted least squares (WLS) analysis, which explicitly takes into account the different job …

Persistent link: https://www.econbiz.de/10010750726

Innovation and firm growth in "complex technology" sectors : a quantile regression approach

Coad, Alex; Rao, Rekha - HAL - 2006

Innovation is commonly seen as the principal engine of economic development. In this paper, we investigate the microfoundations of economic growth by relating innovation to sales growth at the firm-level, for incumbent firms in four «complex technology» sectors. The average firm, which...

Persistent link: https://www.econbiz.de/10010750858

Understanding the processes of firm growth - a closer look at serial growth rate correlation

Coad, Alex - HAL - 2006

Serial correlation in annual growth rates carries a lot of information on growth processes - it allows us to directly observe firm performance as well as to test hypotheses. Using a 7-year balanced panel of 10 000 French manufacturing firms, we observe that small firms typically are subject to...

Persistent link: https://www.econbiz.de/10010750888

Firm Growth : a Survey

Coad, Alex - HAL - 2007

We survey the phenomenon of the growth of firms drawing on literature from economics, management and sociology. We begin with a review of empirical "stylised facts" before discussing theoretical contributions. Firm growth is characterized by a predominant stochastic element, making it difficult...

Persistent link: https://www.econbiz.de/10010750933

To what extent do exemptions from social security contributions affect firm growth? New evidence using quantile estimations on panel data

Levratto, Nadine; Garsaa, Aziza; Tessier, Luc - HAL - 2013

Targeted reductions in employers' social security contributions are conceived as a key policy instrument used to facilitate job creation when labour cost is so high that it may deter companies from hiring new employees. Among the different measures implemented in France, the set of instruments...

Persistent link: https://www.econbiz.de/10010821224

Bankruptcy law and practice in 19th century France

Hautcoeur, Pierre-Cyrille; Levratto, Nadine - HAL - 2007

In this paper, we try to measure the impact of the changes in French bankruptcy law in the 19th century focusing on the behaviour of economic agents as users of bankruptcy law for the sake of finding the best solution to their economic problems. Debtors used bankruptcy law in order to minimize...

Persistent link: https://www.econbiz.de/10010739071

Transition to IFRS and value relevance in a small but developed market: A look at Greek evidence

Tsalavoutas, Ioannis; André, Paul; Evans, Lisa - HAL - 2009

We examine the value relevance of accounting fundamentals after the mandatory transition to IFRS in Greece. We find no significant change in the value relevance of book value of equity and earnings between the 2004 pre IFRS and 2005 post IFRS periods and conclude that the accounting framework is...

Persistent link: https://www.econbiz.de/10008791493

Product market regulation, firm size, unemployment and informality in developing economies

Charlot, Olivier; Malherbet, Franck; Terra, Cristina - HAL - 2011

This paper studies the impact of product and labor market regulations on informality and unemployment in a general framework where formal and informal firms are subject to the same externalities, differing only with respect to some parameter values. Both formal and informal firms have monopoly...

Persistent link: https://www.econbiz.de/10008855584