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The Impact of Cloud Computing and AI on Industry Dynamics and Concentration
Lu, Yao; Phillips, Gordon M.; Yang, Jia - National Bureau of Economic Research - 2024
We examine the rise of cloud computing and AI in China and their impacts on industry dynamics after the shock to the cost of Internet-based computing power and services. We find that cloud computing is associated with an increase in firm entry, exit and the likelihood of M&A in industries that...
Persistent link: https://www.econbiz.de/10015056134
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Voting Rights, Share Concentration, and Leverage at Nineteenth-Century US Banks
Bodenhorn, Howard - 2012
. Second, did diffuse ownership systematically alter bank risk taking? It did. Banks with less concentrated ownership followed …
Persistent link: https://www.econbiz.de/10012460850
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The Riddle of the Great Pyramids
Morck, Randall - 2009
Large pyramidal family controlled business groups are the predominant form of business organization outside America, Britain, Germany, and Japan. Large pyramidal groups comprising dozens, even hundreds, or listed and unlisted firms place the governance of large swathes of many countries' big...
Persistent link: https://www.econbiz.de/10012463790
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The Evolution of Corporate Ownership After IPO : The Impact of Investor Protection
Foley, C. Fritz - 2008
Recent research documents that ownership concentration is higher in countries with weak investor protection. However, drawing on panel data on corporate ownership in 34 countries between 1995 and 2006, we show this pattern does not hold for newly public firms, which tend to have concentrated...
Persistent link: https://www.econbiz.de/10012464091
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The Changing Effect of HMO Market Structure : An Analysis of Penetration, Concentration, and Ownership Between 1994-2005
Shen, Yu-Chu - 2008
We analyze the role of three aspects of HMO market structure -- HMO penetration, HMO plan concentration, and HMO for-profit … and more competitive hospital markets. Finally, increased for-profit HMO presence is associated with smaller cost and …
Persistent link: https://www.econbiz.de/10012464872
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Taxation and the Evolution of Aggregate Corporate Ownership Concentration
Desai, Mihir A. - 2005
Legal rules, politics and behavioral factors have all been emphasized as explanatory factors in analyses of the determinants of the concentration of corporate ownership and stock market participation. An extension of standard tax clientele arguments demonstrates that changes in the progressivity...
Persistent link: https://www.econbiz.de/10012467211
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Industrial Groupings and Strategic FDI : Theory and Evidence
Blonigen, Bruce A. - 2000
We show that industrial ownership structures, such as keiretsu groupings in Japan, may significantly impact firms' incentives to engage in FDI. While the previous literature has mainly focused on the cost of capital advantages enjoyed by keiretsu firms, this paper examines two relatively...
Persistent link: https://www.econbiz.de/10012470685
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Concentrated corporate ownership
Morck, Randall (ed.) - 2000
Persistent link: https://www.econbiz.de/10013480933
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Profitability of Momentum Strategies : An Evaluation of Alternative Explanations
Jegadeesh, Narasimhan - 1999
This paper evaluates various explanations for the profitability of momentum strategies documented in Jegadeesh and …
Persistent link: https://www.econbiz.de/10012471628
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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 … negative union effects on profitability, but growth, productivity and the capital-labor ratio appear to be little affected by … may have longer term implications for efficiency since the impact on profitability appears to fall most heavily on firms …
Persistent link: https://www.econbiz.de/10012478115