Showing 1 - 10 of 52
This overview of transaction cost economics is organized around the "Carnegie Triple" – be disciplined; be interdisciplinary; have an active mind. The first of these urges those who would open up the black box of economic organization to do so in a modest, slow, molecular, definitive way, with...
Persistent link: https://www.econbiz.de/10005083357
Globalization opens new opportunities also for small and medium sized enterprises (SME). However, empirical information on SMEs' international activities is still fragmented. The paper adds another piece of evidence in analyzing how Berlin SMEs are co-operating with partners in transition...
Persistent link: https://www.econbiz.de/10009276672
We propose that the effect of market concentration on firm survival is different according to whether an industry is … rates reduce the survival of new plants but only in markets marked by low entry and exit rates. Specifically, a 10 percent … increase in the 5-firm concentration ratio in a dynamic market raises the survival rate of new ventures by approximately 2 …
Persistent link: https://www.econbiz.de/10005012880
have higher survival rates and their productivity growth is also higher. The strongest contribution is by productivity …
Persistent link: https://www.econbiz.de/10005700593
We examine the differential effects of financial status and exporting activity on the likelihood of survival for firms … direct impact of financial characteristics and different facets of exporting activity on the likelihood of survival? Do the … sensitivities of survival incidence to financial variables vary with the exporting status of firms? We find strong evidence that …
Persistent link: https://www.econbiz.de/10010982708
While several plots of the aggregate age distribution suggest that firm age is exponentially distributed, we find some departures from the exponential benchmark. At the lower tail, we find that very young establishments are more numerous than expected, but they face high exit hazards. At the...
Persistent link: https://www.econbiz.de/10008555994
Why do some people think they will behave differently in the future? Building on research on dynamic inconsistency and age related preferences, this paper introduces the concept that inconsistent intertemporal preferences are directly related to age. In previous studies, standard socioeconomic...
Persistent link: https://www.econbiz.de/10011203164
Using firm-level data for the UK, we investigate the link between firms’ financial health, borrowing ratio and export exit, paying special attention to the recent financial crisis. Our results show that deterioration in the financial position of firms has increased the hazard of export exit...
Persistent link: https://www.econbiz.de/10010886863
most recent financial crisis, estimating models for export market participation decisions and firm growth and survival. The … the global financial crisis. With respect to firm growth and survival, we find that starters and continuous exporters are …
Persistent link: https://www.econbiz.de/10010886868
We explore whether the introduction of trust based working hours is related to the subsequent innovation performance of firms. Employing a panel data set of over 5,000 German establishments, we implement a propensity score matching approach where we only consider firms that did not use trust...
Persistent link: https://www.econbiz.de/10010886988