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Greasing the Wheels of International Commerce:How Services Facilitate Firms’ International Sourcing

Debaere, Peter; Görg, Holger; Raff, Horst - Institut zur Zukunft der Arbeit <Bonn> - 2010

We use unique plant-level data to study the link between the local availability of services andthe decision of … materials to sales. Inaddition, we find evidence that services grease the wheels of international commerce: Agreater … availability of services across regions, industries and time increases a firm’s foreignsourcing of materials relative to sales …

Persistent link: https://www.econbiz.de/10009360603

Not So Lucky Any More:CEO Compensation in Financially Distressed Firms

Kang, Qiang; Mitnik, Oscar A. - Institut zur Zukunft der Arbeit <Bonn> - 2008

There is a debate on whether executive pay reflects rent extraction due to “managerialpower” or is the result of arms-length bargaining in a principal-agent framework. In this paperwe offer a test of the managerial power hypothesis by empirically examining the CEOcompensation of U.S. public...

Persistent link: https://www.econbiz.de/10009418922

Using the Helmert-Transformation toReduce Dimensionality in a Mixed Model:Application to a Wage Equation withWorker and Firm Heterogeneity

Nilsen, Øivind A.; Raknerud, Arvid; Skjerpen, Terje - Institut zur Zukunft der Arbeit <Bonn> - 2011

A model for matched data with two types of unobserved heterogeneity is considered – onerelated to the observation unit, the other to units to which the observation units are matched.One or both of the unobserved components are assumed to be random. This mixed modelallows identification of the...

Persistent link: https://www.econbiz.de/10009347591

Does Wage Dispersion Make All Firms Productive?

Mahy, Benoît; Rycx, François; Volral, Mélanie - Institut zur Zukunft der Arbeit <Bonn> - 2011

This article puts the relationship between wage dispersion and firm productivity to an updatedtest, taking advantage of access to detailed Belgian linked employer-employee panel data.Controlling for simultaneity issues, time-invariant workplace characteristics and dynamics inthe adjustment...

Persistent link: https://www.econbiz.de/10009353908

The Value of Business Networks in Emerging Economies:An Analysis of Firms’ External Financing Opportunities

Owolabi, Oluwarotimi; Pal, Sarmistha - Institut zur Zukunft der Arbeit <Bonn> - 2011

The paper argues that networked firms are likely to have an advantage in securing externalfinance in countries with weak legal and judicial institutions since it helps financial institutionsto minimize the underlying agency costs of lending. An analysis of recent BEEPS data fromfifteen Central...

Persistent link: https://www.econbiz.de/10009360517

Field Experiments with Firms

Bandiera, Oriana; Barankay, Iwan; Rasul, Imran - Institut zur Zukunft der Arbeit <Bonn> - 2011

We discuss how the use of field experiments sheds light on long standing research questionsrelating to firm behavior. We present insights from two classes of experiments: within andacross firms, and draw common lessons from both sets. Field experiments within firmsgenerally aim to shed light on...

Persistent link: https://www.econbiz.de/10009360520

Efficiency in Employee-Owned Enterprises:An Econometric Case Study of Mondragon

Arando, Saioa; Gago, Monica; Jones, Derek C.; Kato, Takao - Institut zur Zukunft der Arbeit <Bonn> - 2011

We provide the first econometric study of efficiency for a member of the Mondragon group ofworker cooperatives. Eroski is a retail distribution chain and, most unusually, there are twodistinct types of hypermarkets: (i) cooperatives with significant employee ownership andvoice; and (ii) GESPAs...

Persistent link: https://www.econbiz.de/10009360522

Incentives and Cooperation in Firms:Field Evidence

Berger, Johannes; Herbertz, Claus; Sliwka, Dirk - Institut zur Zukunft der Arbeit <Bonn> - 2011

We empirically investigate the impact of incentive scheme structure on the degree ofcooperation in firms using a unique and representative data set. Combining employee surveydata with detailed firm level information on the relative importance of individual, team, andcompany performance for...

Persistent link: https://www.econbiz.de/10009360533

Collective Bargaining under Non-Binding Contracts

Dobbelaere, Sabien; Luttens, Roland Iwan - Institut zur Zukunft der Arbeit <Bonn> - 2011

We introduce collective bargaining in a static framework where the firm and its risk-neutralemployees negotiate over wages in a non-binding contract setting. Our main result is theequivalence between the non-binding collective equilibrium wage-employment contract andthe equilibrium contract...

Persistent link: https://www.econbiz.de/10009360542

Job Creation by Firms in Denmark

Ibsen, Rikke; Westergård-Nielsen, Niels C. - Institut zur Zukunft der Arbeit <Bonn> - 2011

In this paper we will look at job creation and destruction in firms. We will answer the questionif it is the large companies that create jobs, while the smaller companies are contributingmuch less. Or is it the young companies that create jobs? And who destroys the most jobs?In the crisis...

Persistent link: https://www.econbiz.de/10009360550