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Institutions, Competition, and Capital Market Integration in Japan
Mitchener, Kris J. - 2008
integration …
Persistent link: https://www.econbiz.de/10012464555
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Financiers vs. Engineers : Should the Financial Sector be Taxed or Subsidized?
Philippon, Thomas - 2007
I study the allocation of human capital in an economy with production externalities, financial constraints and career choices. Agents choose to become entrepreneurs, workers or financiers. Entrepreneurship has positive externalities, but innovators face borrowing constraints and require the...
Persistent link: https://www.econbiz.de/10012465087
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Anatomy of Technology and Tasks in the Establishment
Cirera, Xavier; Comin, Diego; Cruz, Marcio José Vargas da - National Bureau of Economic Research - 2024
We construct a grid that covers the key business functions of an establishment and the main technologies used in each of them. We populate this grid with data from over 20,000 establishments in 15 countries. We use this dataset to document novel "facts" about how establishments use technology,...
Persistent link: https://www.econbiz.de/10014512135
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A Theory of Firm Characteristics and Stock Returns : The Role of Investment-Specific Shocks
Kogan, Leonid - 2012
We provide a theoretical model linking firm characteristics and expected returns. The key ingredient of our model is technological shocks embodied in new capital (IST shocks), which affect the profitability of new investments. Firms' exposure to IST shocks is endogenously determined by the...
Persistent link: https://www.econbiz.de/10012460684
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Technological Progress and Rent Seeking
Glode, Vincent; Ordoñez, Guillermo - National Bureau of Economic Research - 2024
We model firms' allocation of resources across surplus-creating (i.e., productive) and surplus-appropriating (i.e., rent-seeking) activities. Our model predicts that industry-wide technological advancements, such as recent progress in data collection and processing, induce a disproportionate and...
Persistent link: https://www.econbiz.de/10014528397
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Gender, Source Country Characteristics and Labor Market Assimilation Among Immigrants : 1980-2000
Blau, Francine D. - 2008
We use 1980, 1990 and 2000 Census data to study the impact of source country characteristics on the labor supply assimilation profiles of married adult immigrant women and men. Women migrating from countries where women have high relative labor force participation rates work substantially more...
Persistent link: https://www.econbiz.de/10012464260
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The Valuation Channel of External Adjustment
Ghironi, Fabio - 2007
Ongoing international financial integration has greatly increased foreign asset holdings across countries, enhancing … claims to firm profits in a production economy. For a given level of international financial integration (measured by the … goods, and the persistence of shocks. Finally, moving from less to more international financial integration, risk sharing …
Persistent link: https://www.econbiz.de/10012465719
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Is the International Diversification Potential Diminishing? Foreign Equity Inside and Outside the US
Lewis, Karen K. - 2006
capital markets have become more integrated. In this paper, I ask what this integration and its resulting higher correlation …
Persistent link: https://www.econbiz.de/10012465963
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Bond Markets as Conduits for Capital Flows : How Does Asia Compare?
Eichengreen, Barry - 2006
of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base … head and shoulders above other regions in terms of financial integration. More interesting is that Asia already seems to …
Persistent link: https://www.econbiz.de/10012466257