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The Dominant Currency Financing Channel of External Adjustment
Casas, Camila; Meleshchuk, Sergii; Timmer, Yannick - 2023
currency debt maturity structure around a large depreciation in Colombia, we show that debt revaluation compresses imports due … to higher delinquencies and interest rates, while exports are unaffected. Natural and financial hedging successfully mute … switching channel. Pricing exports in the dominant vs. producer currency mutes the effect of DCF on trade. …
Persistent link: https://www.econbiz.de/10014377488
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Reproducing the Stylized Facts that Motivate Models of International Trade with Heterogeneous Firms Using the World Bank Enterprise Surveys
Riaño, Alejandro - 2023
This article shows how to use the publicy-available firm-level surveys produced by the World Bank Enterprise Surveys (WBES) to reproduce the stylized facts that characterize firm heterogeneity and its relationship with global engagement, as established by Bernard et al. (2007) for manufacturing...
Persistent link: https://www.econbiz.de/10014469855
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Foreign Competition and Domestic Innovation : Evidence from U.S. Patents
Autor, David H. - 2019
Manufacturing accounts for more than three-quarters of U.S. corporate patents. The competitive shock to this sector emanating from China's economic ascent could in theory either augment or stifle U.S. innovation. Using three decades of U.S. patents matched to corporate owners, we quantify how...
Persistent link: https://www.econbiz.de/10012861408
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Firm-to-Firm Trade : Imports, Exports, and the Labor Market
Eaton, Jonathan; Kortum, Samuel S.; Kramarz, Francis - 2022
increase in French exports to the new members. While workers benefited overall, those competing most directly with imports … exports to a destination break down into more firms selling there and more buyers per exporter. We develop a quantitative …
Persistent link: https://www.econbiz.de/10013306035
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German Firms in International Trade : Evidence from Recent Microdata
Fauth, Matthias; Jung, Benjamin; Kohler, Wilhelm - 2023
In this paper, we zoom in on the firm level of German merchandise foreign trade, using a novel data base with information on the export and import value by firm, country, product and year for the period 2011-2019. Problems arising from the consolidated reporting of taxable entities and the...
Persistent link: https://www.econbiz.de/10014347018
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Competition and gender prejudice : are discriminatory employers doomed to fail?
Weber, Andrea Maria; Zulehner, Christine - 2009
According to Becker's (1957) famous theory on discrimination, entrepreneurs with a strong prejudice against female workers forgo profits by submitting to their tastes. In a competitive market their firms lack efficiency and are therefore forced to leave. We present new empirical evidence for...
Persistent link: https://www.econbiz.de/10010277092
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Procuring Survival
Cappelletti, Matilde; Giuffrida, Leonardo M.; … - 2022
We investigate the impact of public procurement spending on business survival. Using Italy as a laboratory, we construct a large-scale dataset on firms–covering balance-sheet, income-statement, and administrative records–and match it with public contract data. Employing a regression...
Persistent link: https://www.econbiz.de/10014290034
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Dividend Taxation and Firm Performance with Heterogeneous Payout Responses
Bilicka, Katarzyna; Güçeri, Irem; Koumanakos, Evangelos; … - 2022
We analyze the short and long-run performance of firms that were differentially affected by a new tax on dividends in the lead-up to the Global Financial Crisis. We use exogenous policy variation for firms with different legal statuses and financial year-end dates to causally identify the...
Persistent link: https://www.econbiz.de/10014290095
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Equity Crowdfunding in Germany and the UK: Follow-up Funding and Firm Survival
Hornuf, Lars; Schmitt, Matthias - 2017
Today, start-ups often obtain financing via the Internet through many small contributions of non-sophisticated investors. Yet little is known about whether these start-ups can ultimately build enduring businesses. In this paper, we hand-collected data from 38 different equity crowdfunding (ECF)...
Persistent link: https://www.econbiz.de/10011744948
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Voice at Work
Harju, Jarkko; Jäger, Simon; Schoefer, Benjamin - 2021
We estimate the effects of worker voice on job quality and separations. We leverage the 1991 introduction of worker representation on boards of Finnish firms with at least 150 employees. In contrast to exit-voice theory, our difference-in-differences design reveals no effects on voluntary job...
Persistent link: https://www.econbiz.de/10012581999