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The Other Side of Value : Good Growth and the Gross Profitability Premium
Novy-Marx, Robert - 2010
Profitability, as measured by gross profits-to-assets, has roughly the same power as book-to-market predicting the cross-section of average returns. Profitable firms generate significantly higher average returns than unprofitable firms, despite having, on average, lower book-to-markets and...
Persistent link: https://www.econbiz.de/10012462711
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Nearly Optimal Pricing for Multiproduct Firms
Chu, Chenghuan Sean - 2008
In principle, a multiproduct firm can set separate prices for all possible bundled combinations of its products (i.e., "mixed bundling"). However, this is impractical for firms with more than a few products, because the number of prices increases exponentially with the number of products. In...
Persistent link: https://www.econbiz.de/10012464731
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Technology, Information and the Decentralization of the Firm
Acemoglu, Daron - 2006
This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. However, the manager can use her...
Persistent link: https://www.econbiz.de/10012466463
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Pakistan at 100 : Environmental Sustainability
World Bank Group - 2019
This policy note was prepared in parallel to the report Pakistan at 100, Shaping the Future. The report Pakistan at 100 discusses options to accelerate and sustain growth in Pakistan so that the country becomes an upper middle-income country when it turns 100 years old in 2047. This policy note...
Persistent link: https://www.econbiz.de/10012645976
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The Kindergarten Rule of Sustainable Growth
Brock, William A. - 2003
The relationship between economic growth and the environment is not well understood: we have only limited understanding of the basic science involved and very limited data. Because of these difficulties it is especially important to develop a series of relatively simple theoretical models that...
Persistent link: https://www.econbiz.de/10012469101
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Managing Pollution for Poverty Reduction and Green Development
World Bank Group - 2010
The World Bank Group (WBG) has been active in public and private sector pollution management for the past several … improved the management of solid and hazardous waste and wastewater, and controlled pollution related to a large variety of … growth, and green development require that pollution management be addressed within a new context …
Persistent link: https://www.econbiz.de/10012247781
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Trade and Environment Beyond Singapore
Whalley, John - 1996
This paper discusses the likely evolution of the trade and environment issue in the World Trade Organization after the upcoming ministerial meeting in Singapore this December. It makes a number of points. Progress within the GATT/WTO on this issue looks likely to be slow and painfully...
Persistent link: https://www.econbiz.de/10012473066
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Sustainable Growth and the Green Golden Rule
Beltratti, Andrea - 1993
We study a growth model with an environmental asset which is a source of utility and an input to consumption and production. The stock of this asset follows its own ecological dynamics, which are affected by economic activity. We study the implications of an approach to ranking sequences of...
Persistent link: https://www.econbiz.de/10012474520
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Connective Capital as Social Capital : The Value of Problem-Solving Networks for Team Players in Firms
Ichniowski, Casey - 2009
Traditional human capital theory emphasizes a worker's investment in knowledge. However, when a worker is faced with day-to-day problems on the job, the solutions to the problems often require more knowledge from a team of experts within the firm. When a worker taps into the knowledge of...
Persistent link: https://www.econbiz.de/10012463031
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A Theory of Firm Decline
Clementi, Gian Luca - 2009
We study the problem of an investor who buys an equity stake in an entrepreneurial venture, under the assumption that the former cannot monitor the latter's operations. The dynamics implied by the optimal incentive scheme is rich and quite different from that induced by other models of repeated...
Persistent link: https://www.econbiz.de/10012463457