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for RJV formation. In this paper we develop two additional explanations: product market complementarities and firm …
Persistent link: https://www.econbiz.de/10005662169
This Paper presents a new approach to the theory of the firm by identifying factor complementarities as central to the … determination of the firm’s boundaries. The factor complementarities may take a variety of forms: technological and informational … transactions costs. In so doing, we must abandon the standard dichotomy between the determinants of plant size and firm size. The …
Persistent link: https://www.econbiz.de/10005136409
Motivated by theories of the firm, which we classify as "technological" or "organizational," we analyze the … determinants of firm size across industries and across countries in a sample of 15 European countries. We find that, on average … development, such as greater judicial efficiency, seems to be correlated with lower dispersion in firm size within an industry …
Persistent link: https://www.econbiz.de/10005136531
countries such as Germany. Since we find these practices are strongly linked to firm performance, this suggests poor management …
Persistent link: https://www.econbiz.de/10009207520
In this chapter we examine the relationship between Human Resource Management (HRM) and productivity. HRM includes incentive pay (individual and group) as well as many non-pay aspects of the employment relationship such as matching (hiring and firing) and work organization (e.g. teams,...
Persistent link: https://www.econbiz.de/10008468650
through facilitating greater firm decentralization. We collect original data on the decentralization of investment, hiring …
Persistent link: https://www.econbiz.de/10005034760
Interest in prediction markets has increased in the last decade, driven in part by the hope that these markets will prove to be valuable tools in forecasting, decision-making and risk management - in both the public and private sectors. This paper outlines five open questions in the literature,...
Persistent link: https://www.econbiz.de/10005504341
We document the presence of multiple and varied constraints to small and medium firm growth. This presents both a …
Persistent link: https://www.econbiz.de/10011184078
The Census Bureau recently conducted a survey of management practices in over 30,000 plants across the US, the first large-scale survey of management in America. Analyzing these data reveals several striking results. First, more structured management practices are tightly linked to higher levels...
Persistent link: https://www.econbiz.de/10011083535
Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across …
Persistent link: https://www.econbiz.de/10011084245