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Cross-Border Acquisitions and Target Firms' Performance: Evidence From Japanese Firm-Level Data
Fukao, Kyoji; Ito, Keiko; Kwon, Hyeog Ug; Takizawa, Miho - National Bureau of Economic Research (NBER) - 2006
acquisition target based on its productivity level, profitability and other characteristics and whether the performance of … manufacturing sector, we found that M&As by foreigners brought a larger and quicker improvement in total factor productivity (TFP … acquisitions improved target firms%u2019 productivity and profitability significantly more and quicker than acquisitions by …
Persistent link: https://www.econbiz.de/10005088696
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International Differences in Lean Production, Productivity and Employee Attitudes
Helper, Susan; Kleiner, Morris M. - National Bureau of Economic Research (NBER) - 2007
The study examines US-European productivity and worker attitude differences, focusing on changes in incentive … structures. We analyze productivity and worker attitudes in five plants in the UK and US belonging to the same multinational … had an impact on productivity and profitability. We find that the UK plant's productivity and worker satisfaction was well …
Persistent link: https://www.econbiz.de/10005774713
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The Smart Grid, Entry, and Imperfect Competition in Electricity Markets
Allcott, Hunt - National Bureau of Economic Research (NBER) - 2012
Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. The Smart Grid is a set of emerging technologies that, among other effects, will facilitate "real-time pricing" for electricity and increase price...
Persistent link: https://www.econbiz.de/10011271447
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Do Markets Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency
Rose, Nancy Lin; Markiewicz, Kira; Wolfram, Catherine - National Bureau of Economic Research (NBER) - 2004
While neoclassical models assume static cost-minimization by firms, agency models suggest that firms may not minimize costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to market-oriented environments for many U.S. electric...
Persistent link: https://www.econbiz.de/10005078626
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Setting the X Factor in Price Cap Regulation Plans
Bernstein, Jeffrey I.; Sappington, David E. M. - National Bureau of Economic Research (NBER) - 1998
regulation, and when product-specific costs and productivity cannot be measured; (2) when the pricing decisions of the regulated …
Persistent link: https://www.econbiz.de/10005714748
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When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation
Cicala, Steve - National Bureau of Economic Research (NBER) - 2014
This paper evaluates changes in fuel procurement practices by coal- and gas-fired power plants in the United States following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated plants substantially reduce the price paid for coal (but...
Persistent link: https://www.econbiz.de/10011123620
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Sources of Firm Life-Cycle Dynamics: Differentiating Size vs. Age Effects
Kueng, Lorenz; Yang, Mu-Jeung; Hong, Bryan - National Bureau of Economic Research (NBER) - 2014
What determines firm growth over the life-cycle? Exploiting unique firm panel data on internal organization, balance sheets and innovation, representative of the entire Canadian economy, we study recent theories that examine life-cycle patterns for firm growth. These theories include...
Persistent link: https://www.econbiz.de/10010951103
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Would You Buy a Honda Made in the U.S.? The Impact of Production Location on Manufacturing Quality
Lacetera, Nicola; Sydnor, Justin R. - National Bureau of Economic Research (NBER) - 2012
Are location-specific factors--such as the education and attitude of the local workforce, supplier networks, institutional infrastructure, and local "culture"--important for understanding persistent heterogeneities among firms? We address this question in the context of the automobile industry....
Persistent link: https://www.econbiz.de/10011227930
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Offshore jurisdictions (including Cyprus), corruption money laundering and Russian round-trip investment
Whalley, John; Ledyaeva, Svetlana; Karhunen, Päivi - National Bureau of Economic Research (NBER) - 2013
In this paper we analyze the link between corruption money laundering and round-trip investment via offshore jurisdictions utilizing Russian firm-level data. In particular we empirically explore location strategies of round-trip investors (namely, from Cyprus and British Virgin Islands) across...
Persistent link: https://www.econbiz.de/10010969415
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Political Risk Spreads
Bekaert, Geert; Harvey, Campbell; Lundblad, Christian; … - National Bureau of Economic Research (NBER) - 2014
We introduce a new, market-based and forward looking measure of political risk derived from the yield spread between a country's U.S. dollar debt and an equivalent U.S. Treasury bond. We explain the variation in these sovereign spreads with four factors: global economic conditions,...
Persistent link: https://www.econbiz.de/10010951038