Showing 1 - 10 of 605
We use plant-level data from the US Census of Manufacturers to study the short and long run effects of temperature on manufacturing activity. We document that temperature shocks significantly increase energy costs and lower the productivity of small manufacturing plants, while large plants are...
Persistent link: https://www.econbiz.de/10014337767
Employment growth is strongly predicted by smaller average establishment size, both across cities and across industries …
Persistent link: https://www.econbiz.de/10012463273
This paper evaluates various explanations for the profitability of momentum strategies documented in Jegadeesh and …
Persistent link: https://www.econbiz.de/10012471628
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
The farm household model, in which decisions about production and consumption are made simultaneously, lies at the heart of many models of development. Empirically modelling these simultaneous choices is not straightforward. The vast majority of empirical studies assume that farm households...
Persistent link: https://www.econbiz.de/10012479160
The purpose of this paper is to treat scale economies, profit-maximizing markups, economic profitability, capacity … utilization and productivity growth within an integrated structural model, and to assess their interactions empirically using … run profit potential from markup behavior. As a result, on average economic profits are normal, but declining …
Persistent link: https://www.econbiz.de/10012475678
Contrary to the central predictions of signaling models, changes in profits do not empirically follow changes in dividends, and firms with the least need to signal pay the bulk of dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future...
Persistent link: https://www.econbiz.de/10012453476
estimated. Using the full rainfall distribution and our profit function estimates, we find that Indian farmers on average under … expected profits. Farmers who use skilled forecasts have increased average profit levels but also have more variable profits …
Persistent link: https://www.econbiz.de/10012459327
standard deviation above the long-run historical market share growth and persists for years following the financial crisis … deposits growth, and lower entrepreneurial activity through 2015 …
Persistent link: https://www.econbiz.de/10012480836
recession. Consistent with the theory, the increase in bank credit in 2020Q1 and 2020Q2 came almost entirely from drawdowns by …-level measures of exposure to the COVID recession. Finally, we match the bank data to a list of participants in the Paycheck … Protection Program (PPP) and show that SME recipients of PPP loans reduced their non-PPP bank borrowing in 2020Q2 by between 53 …
Persistent link: https://www.econbiz.de/10012482165