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The Micro Origins of International Business Cycle Comovement

Giovanni, Julian di - 2016

This paper investigates the role of individual firms in international business cycle comovement using data covering the universe of French firm-level value added, bilateral imports and exports, and cross-border ownership over the period 1993-2007. At the micro level, controlling for firm and...

Persistent link: https://www.econbiz.de/10012456787

CEO Turnover and Relative Performance Evaluation

Jenter, Dirk - 2006

This paper examines whether CEOs are fired after bad firm performance caused by factors beyond their control. Standard … economic theory predicts that corporate boards filter out exogenous industry and market shocks to firm performance when … are significantly more likely to be dismissed from their jobs after bad industry and bad market performance. A decline in …

Persistent link: https://www.econbiz.de/10012466601

Is There Information in Corporate Acquisition Plans?

Gokkaya, Sinan; Liu, Xi; Stulz, René M. - National Bureau of Economic Research - 2024

improve acquisition performance due to learning from market feedback and alleviate acquisition-related market uncertainty …

Persistent link: https://www.econbiz.de/10014512055

Supply Chain Risk : Changes in Supplier Composition and Vertical Integration

Ersahin, Nuri; Giannetti, Mariassunta; Huang, Ruidi - National Bureau of Economic Research - 2023

Using textual analysis of earnings conference calls, we quantify firms' supply chain risk and its sources. Our proxy for supply chain risk exhibits large cross-sectional and time-series variation that aligns with reasonable priors and is unprecedently high during the Covid-19 pandemic. In...

Persistent link: https://www.econbiz.de/10014250152

Cross-Border Mergers and Acquisitions

Erel, Isil; Jang, Yeejin; Weisbach, Michael S. - National Bureau of Economic Research - 2022

One of the most consequential events in any firm's lifetime is a major acquisition. Because of their importance, mergers and acquisitions (M&As) have been an enormous area of research. However, the vast majority of this research and survey papers summarizing this research have focused on...

Persistent link: https://www.econbiz.de/10013435159

Intellectual Property Protection Lost and Competition : An Examination Using Machine Learning

Acikalin, Utku U.; Caskurlu, Tolga; Hoberg, Gerard; … - National Bureau of Economic Research - 2022

We examine the impact of lost intellectual property protection on innovation, competition, acquisitions, lawsuits and employment agreements. We consider firms whose ability to protect intellectual property (IP) using patents is weakened following the Alice Corp. vs. CLS Bank International...

Persistent link: https://www.econbiz.de/10013462719

Job Transitions and Employee Earnings After Acquisitions : Linking Corporate and Worker Outcomes

Arnold, David; Milligan, Kevin; Moon, Terry; Tavakoli, … - National Bureau of Economic Research - 2023

This paper connects changes in employer characteristics through job transitions to employee earnings following mergers and acquisitions (M&As). Using firm balance sheet data linked to individual earnings data in Canada and a matched difference-in-differences design, we find that after M&As...

Persistent link: https://www.econbiz.de/10014436997