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Is Pollution Value-Maximizing? The DuPont Case
Shapira, Roy - 2017
DuPont, one of the most respectable U.S. companies, caused environmental damage that ended up costing the company around a billion dollars. By using internal company documents disclosed in trials we rule out the possibilities that this bad outcome was due to ignorance, an unexpected realization,...
Persistent link: https://www.econbiz.de/10012010571
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Matching Firms, Managers and Incentives
Bandiera, Oriana - 2011
We exploit a unique combination of administrative sources and survey data to study the match between firms and managers. The data includes manager characteristics, such as risk aversion and talent; firm characteristics, such as ownership; detailed measures of managerial practices relative to...
Persistent link: https://www.econbiz.de/10012461966
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Creditor rights and corporate risk-taking
Acharya, Viral V. - 2009
We analyze the link between creditor rights and firms' investment policies, proposing that stronger creditor rights in bankruptcy reduce corporate risk-taking. In cross-country analysis, we find that stronger creditor rights induce greater propensity of firms to engage in diversifying...
Persistent link: https://www.econbiz.de/10012463080
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International Financial Integration and Entrepreneurial Firm Activity
Alfaro, Laura - 2007
We explore the relation between international financial integration and the level of entrepreneurial activity in a country. We use a unique firm level data set of approximately 24 million firms in nearly 100 countries in 2004 and 1999, which enables us to present both cross-country and industry...
Persistent link: https://www.econbiz.de/10012465536
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The Chinese Corporate Savings Puzzle : A Firm-level Cross-country Perspective
Bayoumi, Tamim - 2010
China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits in state-owned firms, especially in resource sectors, and mis-governance of...
Persistent link: https://www.econbiz.de/10012462224
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World War I and the Restructuring of International Business
Fertik, Ted - 2020
This paper considers the effect of the First World War on large-scale businesses in Second … the construction of massive steel works in Brazil and other industrializing countries around the world. These investments … would provide the foundation for the import-substituting policies of the post-World War II era …
Persistent link: https://www.econbiz.de/10012482443
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Implications for Energy Innovation from the chemical industry
Arora, Ashish - 2010
The history of innovation in the chemical industry offers many insights for accelerating energy innovation. In this chapter, we begin by laying out the early history of the chemical industry for an overview of the role innovation has played in its development. We then explore three noteworthy...
Persistent link: https://www.econbiz.de/10012462976
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Volatility, Labor Market Flexibility, and the Pattern of Comparative Advantage
Cuñat, Alejandro - 2007
This paper studies the link between volatility, labor market flexibility, and international trade. International differences in labor market regulations affect how firms can adjust to idiosyncratic shocks. These institutional differences interact with sector specific differences in volatility...
Persistent link: https://www.econbiz.de/10012465592
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The Factory-Free Economy : Outsourcing, Servitization and the Future of Industry
Fontagné, Lionel - 2017
The shift towards a "factory-free" economy has drawn the attention of policy makers in North America and Europe. Some politicians have articulated alarming views, initiating mercantilist or 'beggar-thy-neighbour' cost-competitiveness policies. Yet companies that concentrate research and design...
Persistent link: https://www.econbiz.de/10012455664
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Trade Shocks and Credit Reallocation
Federico, Stefano; Hassan, Fadi; Rappoport, Veronica - National Bureau of Economic Research - 2023
into the World Trade Organization. As a result, they reduce the supply of credit to firms, irrespective of the firm …
Persistent link: https://www.econbiz.de/10014250129