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Come together: firm boundaries and delegation
Alfaro, Laura; Bloom, Nicholas; Conconi, Paola; … - 2018
of vertical integration and delegation for a large set of firms from many countries and industries. In line with the … model's predictions, we obtain three main results: (i) integration and delegation co-vary positively; (ii) producers are … more likely to integrate suppliers in input sectors with greater productivity variation (as the option value of integration …
Persistent link: https://www.econbiz.de/10011895830
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The finance uncertainty multiplier
Alfaro, Iván; Bloom, Nicholas; Lin, Xiaoji - 2018
We show how real and financial frictions amplify the impact of uncertainty shocks. We build a model with real frictions, and find adding financial frictions roughly doubles the impact of uncertainty shocks. Higher uncertainty alongside financial frictions induces the standard real-options...
Persistent link: https://www.econbiz.de/10011895833
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Firm performance and macro forecast accuracy
Tanaka, Mari; Bloom, Nicholas; David, Joel M.; Koga, Maiko - 2018
Persistent link: https://www.econbiz.de/10011898809
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German works councils old and new : incidence, coverage and determinants
Addison, John T.; Bellmann, Lutz; Schnabel, Claus; … - 2002
Persistent link: https://www.econbiz.de/10001674135
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The Impact of Brexit on UK Firms
Bloom, Nicholas - 2019
We use a major new survey of UK firms, the Decision Maker Panel, to assess the impact of the June 2016 Brexit referendum. We identify three key results. First, the UK's decision to leave the EU has generated a large, broad and long-lasting increase in uncertainty. Second, anticipation of Brexit...
Persistent link: https://www.econbiz.de/10012863862