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Top team demographics, innovation and business performance: findings from English firms and cities 2008-9

Nathan, Max - London School of Economics (LSE) - 2013

asks: what are the links between the composition of firms' top teams and business performance? What role do ethnic … external barriers (discrimination), so that overall effects on business performance are unclear. In addition, urban locations … (particularly big cities) may amplify any demographics-performance effects. I create a repeat cross-section of firms from the RDA …

Persistent link: https://www.econbiz.de/10011125961

Only the lonely?: the influence of spouse on the transition to self-employment

Özcan, Berkay - London School of Economics (LSE) - 2011

partner influences under these contexts. It argues that the interaction between gender and relationship status implies … entrepreneurship and a partner’s self-employment experience increases only women’s likelihood of entering into entrepreneurship. These …

Persistent link: https://www.econbiz.de/10011071499

Optimal hedging strategies and interactions between firms

Loss, Frederic - London School of Economics (LSE) - 2002

This paper studies corporate risk management in a context with financial constraints and imperfect competition on the product market. We show that the interactions between firms heavily affect their hedging demand. As a general rule, the firms’ hedging demand decreases with the correlation...

Persistent link: https://www.econbiz.de/10010745252

The effect of credit rationing on the shape of the competition-innovation relationship

Bena, Jan - London School of Economics (LSE) - 2009

Using a dynamic model of a step-by-step innovation race between financially constrained firms, I study how financial constraints affect innovation activity. The novel theoretical results derive from an analysis of the interaction between the incentive effect of competition on innovation and the...

Persistent link: https://www.econbiz.de/10010745834

Credit rationing, wealth inequality and allocation of talent

Ghatak, Maitreesh; Morelli, Massimo; Sjostrom, Tomas - London School of Economics (LSE) - 2002

We study an economy where agents are heterogeneous in terms of observable wealth and unobservable talent. Adverse selection forces creditors to ask for collateral. We study the two-way interaction between rationing in the credit market and the wages offered in the labour market. Both pooling and...

Persistent link: https://www.econbiz.de/10010746194

In-kind finance

Burkart, Mike; Ellingsen, Tore - London School of Economics (LSE) - 2002

It is typically less profitable for an opportunistic borrower to divert inputs than to divert cash. Suppliers, therefore, may lend more liberally than banks. This simple argument is at the core of our contract theoretic model of trade credit in competitive markets. The model implies that trade...

Persistent link: https://www.econbiz.de/10010746557

Imperfect capital markets and persistence of initial wealth inequalities

Piketty, Thomas - London School of Economics (LSE) - 1992

We consider an infinite-horizon inter-generational economy with identical agents differing only in their inherited wealth and with a constant-returns-to-scale technology using capital and labour (called "effort") and displaying a purely idiosyncratic risk. If effort is contractible, full...

Persistent link: https://www.econbiz.de/10010746576

Corporate ownership structure and performance in Europe

Grant, Jeremy; Kirchmaier, Thomas - London School of Economics (LSE) - 2004

to performance. For the first time we employ a Hodrick-Prescott Filter, a methodology widely used in macroeconomics to …

Persistent link: https://www.econbiz.de/10010884735

An ‘eclectic’ investigation of tourism multinationals’ activities: Evidence from the Hotels and Hospitality Sector in Greece.

Anastassopoulos, George; Filippaios, Fragkiskos; … - London School of Economics (LSE) - 2007

the hypothesis that ownership-specific advantages are a major determinant of performance differences. This paper explores … performance issues using the eclectic paradigm configuration of hotel and hospitality multinationals (NACE=55), operating in …

Persistent link: https://www.econbiz.de/10005797593

All-Star or benchwarmer? relative age, cohort size and career success in the NHL

Bryson, Alex; Gomez, Rafael; Zhang, Tingting - London School of Economics (LSE) - 2015

We analyze the performance outcomes of National Hockey League (NHL) players over 18 seasons (1990-1991 to 2007-2008) as … chiefly by supply-side factors in the form of excess cohort competition and not quality differences since the performance of … cohorts. Performance-adjusted wage losses for those born in large birth cohorts are therefore greater than the raw estimates …

Persistent link: https://www.econbiz.de/10011183329