Showing 1 - 10 of 91
The paper investigates the impact of ownership concentration on GDP growth, for a sample of 18 OECD countries over the … period 1980 to 2004. The econometric analysis shows that more concentrated ownership can speed up growth, for countries … regulation, the logic of financial markets discipline applies and dispersed ownership appears as more favorable for growth. Based …
Persistent link: https://www.econbiz.de/10005763544
successful. Both private credit and stock market capitalization are important for promoting entry and post entry growth of firms … entry of new (especially small) firms and the post-entry growth of successful young businesses. …
Persistent link: https://www.econbiz.de/10005233782
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10009403382
In Germany, the employment response to the post-2007 crisis has been muted compared to other industrialized countries. Despite a large drop in output, employment has hardly changed. In this paper, we analyze the determinants of German firms' labor demand during the crisis using a firm-level...
Persistent link: https://www.econbiz.de/10009367501
We study employment, employee effort, wages and profit sharing when firms face stochastic revenue shocks and when base wages and profit shares are determined through negotiations. The negotiated profit share depends positively on the relative bargaining power of the trade union and it has...
Persistent link: https://www.econbiz.de/10005761941
The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher host corruption will be associated with higher foreign...
Persistent link: https://www.econbiz.de/10010698823
Economic development implies that the efficiency of firms in developing countries is approaching that of firms in advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies that represent alternative models of implementing development policies,...
Persistent link: https://www.econbiz.de/10005703404
structural change, new firms and innovations and therefore possibly also nowadays for employment growth. …
Persistent link: https://www.econbiz.de/10005822244
The role of government shareholding in corporate performance is central to an understanding of China’s newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10005822452
convergence of transition countries with developed market economies in a number of dimensions. The pattern of growth at the … country, sectoral and firm level shows rapid growth of the new private sector and of the micro- and small-firm sectors, with …
Persistent link: https://www.econbiz.de/10005822674