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The Analytics of Investment, q, and Cash Flow
Abel, Andrew B. - 2015
In this paper I analyze the relationships among investment, q, and cash flow in a tractable stochastic model in which marginal q and average q are identically equal. After analyzing the impact of changes in the distribution of the marginal operating profit of capital, I extend the model to...
Persistent link: https://www.econbiz.de/10012457120
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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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State-Owned Enterprise Behaviour Responses to Trade Reforms : Some Analytics and Numerical Simulation Results Using Chinese Data
Whalley, John - 2006
We note the absence of prior literature on analytical structures to be used for China and other economies with … empirical literature discussing the productivity effects of Chinese SOE enterprise reform, and wider policy discussion of the …
Persistent link: https://www.econbiz.de/10012465882
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Grasp the Large, Let Go of the Small : The Transformation of the State Sector in China
Hsieh, Chang-Tai - 2015
Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control … productivity; (ii) the labor productivity of state-owned firms converged to that of private firms; (iii) the capital productivity … of state-owned firms remained significantly lower than that of private firms; and (iv) total factor productivity (TFP …
Persistent link: https://www.econbiz.de/10012457662
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Privatization's Impacts on State-Owned Enterprises : A Tale of Zombie versus Healthy Firms
Wang, Ruiting; Wang, Xue; Xu, Gang; Zha, Tao - National Bureau of Economic Research - 2024
We estimate the effects of privatization on zombie versus healthy state-owned enterprises (SOEs) in China, extending … productivity and TFP, reduces bank and government subsidies, alleviates leverage and administrative expenses, improves liquidity …
Persistent link: https://www.econbiz.de/10015056119
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Credit Rationing, Risk Aversion and Industrial Evolution in Developing Countries
Bond, Eric - 2008
that links these features of the business environment to cross-firm productivity distributions, entrepreneurs' welfare, and …
Persistent link: https://www.econbiz.de/10012464529
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Unionization and Firm Performance : The Impact on Profits, Growth and Productivity
Clark, Kim B. - 1982
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 … negative union effects on profitability, but growth, productivity and the capital-labor ratio appear to be little affected by …
Persistent link: https://www.econbiz.de/10012478115
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Ten Facts on Declining Business Dynamism and Lessons from Endogenous Growth Theory
Akcigit, Ufuk - 2019
In this paper, we review the literature on declining business dynamism and its implications in the United States and propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced stylized facts related to declining business dynamism...
Persistent link: https://www.econbiz.de/10012479706
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What Happened to U.S. Business Dynamism?
Akcigit, Ufuk - 2019
In the past several decades, the U.S. economy has witnessed a number of striking trends that indicate a rising market concentration and a slowdown in business dynamism. In this paper, we make an attempt to understand potential common forces behind these empirical regularities through the lens of...
Persistent link: https://www.econbiz.de/10012479707
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Savings Constraints and Microenterprise Development : Evidence from a Field Experiment in Kenya
Dupas, Pascaline - 2009
Does limited access to formal savings services impede business growth in poor countries? To shed light on this question, we randomized access to non-interest-bearing bank accounts among two types of self-employed individuals in rural Kenya: market vendors (who are mostly women) and men working...
Persistent link: https://www.econbiz.de/10012463955