Showing 1 - 10 of 109
A simple model of the firms’ decision to pay workers performance related pay (PRP) is tested using company level data for 1,001 UK private sector businesses. From the basic sample statistics we observe that, on average, 26.5% of workers are covered by PRP systems. Yet this hides the fact that...
Persistent link: https://www.econbiz.de/10005836462
tradeoff theory. Firms generating high levels of profit, however, may choose to finance their investments using internal … of the inertia effect and industry-specific effects, and are robust to alternative estimation techniques. …
Persistent link: https://www.econbiz.de/10011260986
The paper uses firms across different ownership categories to examine the factors influencing dividend policy. The results suggest that bigger, mature and low-leveraged firms tend to pay more dividends. As well, the findings suggest that bigger, less profitable and high-leveraged firms are more...
Persistent link: https://www.econbiz.de/10008871194
empirical analysis of total assets, profit rates and growth rates using a data set of 2818 Icelandic firms during the period … small size and private ownership. Another important finding is that the profit rates, or return on assets, of Icelandic … distributional regularities, namely the power law behavior of firms' size and laplacian distributions of growth and profit rates …
Persistent link: https://www.econbiz.de/10009397207
Istanbul and Adana are among the oldest and important industrial zones of Turkey. However, the shares of these two regions in the Turkish manufacturing sector substantially decreased after the year 1980. Initially, Adana was a center for the textile industry and the textile was the engine of the...
Persistent link: https://www.econbiz.de/10008756320
This paper re-examines the link between firm size and exports in order to study the proposal that consists of increasing the firm size to raise exports as a way out of the current economic crisis. The elasticity of export propensity (percentage of exported sales) with respect to firm size...
Persistent link: https://www.econbiz.de/10011115508
We study the merger paradox, a relative of Harsanyi's bargaining paradox, in an experiment. We examine bilateral mergers in experimental Cournot markets with initially three or four firms. Standard Cournot-Nash equilibrium predicts total outputs well. However, merged firms produce significantly...
Persistent link: https://www.econbiz.de/10011096157
Countries compete for new FDI investment, whereas stocks of FDI generate agglomeration benefits and are potentially subject to extortionary taxation. We study the interaction between these aspects in a simple vintage capital framework with discrete time and an infinite horizon, focussing on...
Persistent link: https://www.econbiz.de/10011096174
firm size using maximum likelihood probit estimation . Next various measues of job satisfaction are related to the …
Persistent link: https://www.econbiz.de/10011107830
This paper analyzes the performance of Chilean exporting firms during the period after the financial crisis of 2008 and 2009. After the crisis, world imports increased sustainably, which was used by Chilean firms in particular and the country in general. Specifically, larger firms, and those...
Persistent link: https://www.econbiz.de/10011108257