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The Impact of Corporate Sustainability on Organizational Processes and Performance
Eccles, Robert G. - 2012
We investigate the effect of corporate sustainability on organizational processes and performance. Using a matched … sample of 180 US companies, we find that corporations that voluntarily adopted sustainability policies by 1993 - termed as … High Sustainability companies - exhibit by 2009 distinct organizational processes compared to a matched sample of companies …
Persistent link: https://www.econbiz.de/10012460709
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Going Green in China : Firms’ Responses to Stricter Environmental Regulations
Fan, Haichao - 2019
This paper examines the effect of stringent environmental regulations on firms' environmental practices, economic performance, and environmental innovation. Reducing COD levels by 10% relative to 2005 levels is an aim of the Chinese 11th Five-Year Plan. Using a difference-in-differences...
Persistent link: https://www.econbiz.de/10012480484
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Innocents Abroad : The Hazards of International Joint Ventures with Pyramidal Group Firms
Perkins, Susan - 2008
The fundamental unit of production in microeconomics is the firm, and this mirrors reality in the United States and United Kingdom. But elsewhere, business groups can be the more important unit, for business strategy is often formulated at the business group level, not the firm level. In many...
Persistent link: https://www.econbiz.de/10012464733
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Management and Misallocation in Mexico
Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana - National Bureau of Economic Research - 2022
We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US. These management practices are strongly associated with higher productivity, growth, trade, and innovation. One indicator of greater misallocation in Mexico is the weaker...
Persistent link: https://www.econbiz.de/10012938686
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Corporate Flexibility in a Time of Crisis
Barry, John W.; Campello, Murillo; Graham, John R.; Ma, … - National Bureau of Economic Research - 2022
We use the COVID shock to study the direct and interactive effects of several forms of corporate flexibility on short- and long-term real business plans. We find that i) workplace flexibility, namely the ability for employees to work remotely, plays a central role in determining firms'...
Persistent link: https://www.econbiz.de/10012938715
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Uncertainty and Change : Survey Evidence of Firms' Subjective Beliefs
Bachmann, Ruediger; Carstensen, Kai; Lautenbacher, Stefan; … - National Bureau of Economic Research - 2021
This paper studies how managers plan under uncertainty. In a new survey panel on German manufacturing firms, we show that uncertainty reflects change: Planning incorporates higher subjective uncertainty about future sales growth when the firm has just experienced unusual growth, and more so if...
Persistent link: https://www.econbiz.de/10012660107
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The Effects of Going Public on Firm Performance and Commercialization Strategy : Evidence from International IPOs
Larrain, Borja; Phillips, Gordon M.; Sertsios, Giorgo; … - National Bureau of Economic Research - 2021
We study the effects of going public using a unique panel of firms in 16 European countries for which we observe financial data before and after firms' initial-public-offering (IPO) attempts. We compare firms that complete their IPO with firms that withdraw their IPO. We instrument the going...
Persistent link: https://www.econbiz.de/10012629439
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Revealing Corruption : Firm and Worker Level Evidence from Brazil
Colonnelli, Emanuele; Lagaras, Spyridon; Ponticelli, Jacopo - National Bureau of Economic Research - 2022
We study how the disclosure of corrupt practices affects the growth of firms involved in illegal interactions with the government using randomized audits of public procurement in Brazil. On average, firms exposed by the anti-corruption program grow larger after the audits, despite experiencing a...
Persistent link: https://www.econbiz.de/10012814402
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How Are Employers Responding to an Aging Workforce?
Clark, Robert L. - 2020
sustainability of the organization. This paper examines employer responses to workforce aging including changes retirement policies …
Persistent link: https://www.econbiz.de/10012479157
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Choosing between Growth and Glory
Belenzon, Sharon - 2018
Prior work has established that the financing environment can impact firm strategy. We argue that this influence can shape the earliest strategic choices of a new venture by creating a potential tradeoff between two objectives: rapid growth and reaping the benefits of a positive reputation...
Persistent link: https://www.econbiz.de/10012480556