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-13 on firm-level productivity in France, Italy and Spain. We show that relying on a single break date in 2008 misses both …-level productivity negatively, high-leverage firms suffer more from financial constraints only in Italy, when they are relatively small … productivity …
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What determines whether or not multinational firms transplant the mode of organisation to other countries? We embed the theory of knowledge hierarchies in an industry equilibrium model of monopolistic competition to examine how the economic environment may affect the decision of multinational...
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We propose an index of working from home (WfH) capacity for industries and counties in the German economy. Our analysis draws on individual-level survey information and administrative employment statistics. We find that overall 56 percent of jobs are suitable for part-time or fulltime remote...
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face a fall in output, mark-ups and profits, and the average productivity of survivors increases. These pro …
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