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This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery … industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital … inputs as well as the determinants of productivity growth in the U.S. and Japanese electrical machinery industry. The …
Persistent link: https://www.econbiz.de/10012477226
We compute rates of growth in labor productivity during the 1973-80 period for samples of individual manufacturing … contribution of such expenditures to productivity growth was about the same in both countries. Hence, the rather large differences … on the observed rates of productivity growth between the two countries can not be accounted for by differences in either …
Persistent link: https://www.econbiz.de/10012477298
sources of the growth of output, labor productivity, and total factor productivity. The results show that resource …
Persistent link: https://www.econbiz.de/10012473353
A comparative study of the contribution of R&D to firm-level productivity in French and United States manufacturing … control for both sources of estimation bias, and we find 1) overall, the contribution of R&D to sales productivity growth …
Persistent link: https://www.econbiz.de/10012473358
Persistent link: https://www.econbiz.de/10013480896
prices and total factor productivity (TFP) with the aim of highlighting data patterns that are useful for evaluating business … run movements in total factor productivity and (ii) such stock prices innovations do not affect U.S. sectoral TFPs …
Persistent link: https://www.econbiz.de/10012467182
in our model are caused by declines in expected returns, increases in expected profitability, or increases in prior … uncertainty about average profitability. The model predicts that IPO waves are preceded by high market returns, followed by low …
Persistent link: https://www.econbiz.de/10012468839
We argue that management sells assets when doing so provides the cheapest funds to pursue its objectives rather than for operating efficiency reasons alone. This hypothesis suggests that (1) firms selling assets have high leverage and/or poor performance, (2) a successful asset sale is good news...
Persistent link: https://www.econbiz.de/10012474282
have high industry-level dispersion of profitability have on average higher market-to-book ratios than firms in low … dispersion industries. This positive relation between market-to-book ratios and industry profitability dispersion is economically …
Persistent link: https://www.econbiz.de/10012457786
negative union effects on profitability, but growth, productivity and the capital-labor ratio appear to be little affected by …This paper examines the impact of unionization on profit- ability, growth and productivity using time series data on … analysis is that information about union wage and productivity effects is not sufficient to permit prediction of the sign (or …
Persistent link: https://www.econbiz.de/10012478115