This paper examines the frequency, pervasiveness, and determinants of product switching by US manufacturing firms. We … find that one-half of firms alter their mix of five-digit SIC products every five years, that product switching is … incorporates endogenous product selection within firms. Our findings suggest that product switching contributes to a reallocation …

Globalization and the ICT revolution of the 1990s have forced many firms to reorganize in order to survive in a more … measured the contribution of organization capital to the conventional TFP growth. The estimation results implied that the … growth of organization capital did not have significant effects on productivity growth. …

We estimate a structural model of heterogeneous multiproduct firms to examine the sources of firm heterogeneity … substitution within and between firms, and use the estimated model to recover unobserved qualities, marginal costs and markups. We … firms are well approximated by the monopolistic competition benchmark of constant markups, but the largest firms that …

sample of 2075 euro area firms in 2005- 2011. The post-2008 credit crunch is found to seriously affect only small, slow-growth … financially developed economies. Large, high-growth firms seem to be able to find alternative financial sources and, thus, may act …This paper explores the effects of bank credit on firm growth before and after the recent financial crisis, taking into …

sample of 2075 euro area firms in 2005-2011. The post-2008 credit crunch is found to seriously affect only small, slow-growth … financially developed economies. Large, high-growth firms seem to be able to find alternative financial sources and, thus, may act …This paper explores the effects of bank credit on firm growth before and after the recent financial crisis, taking into …

outsourcing as firms focus on their core competencies in response to tougher competition. Since firms are the better at performing … progress, changes in fixed costs, and changes in internal governance costs affect firms’ integration decisions. …

various links between urban cultural diversity and innovation, at individual, firm and urban level. This paper uses a sample … of 7,400 firms to investigate, exploiting the natural experiment of A8 accession. The results, which are robust to most … endogeneity challenges, suggest there is a small but significant ‘diversity bonus’ for London firms. Diverse management teams are …

innovation, nor do migrant-run firms in diverse cities appear particularly innovative. But urban context does matter and firms in …Growing cultural diversity is seen as important for innovation. Research has focused on two potential mechanisms: a … diverse cities helping firms innovate. This paper uses a dataset of over 2,000 UK SMEs to test between these two. Controlling …

incentives and (b) innovation effects of the proposed remedy. We discuss the economic basis for the Commission’s claims that … and argue that the effects on innovation are not unambiguously negative as Microsoft claim. We conclude with some general … implications of the case for anti-trust enforcement in high innovation sectors. …