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Using a long-panel dataset of Japanese firms that contains firm-level sales forecasts, we provide evidence on firm-level uncertainty and imperfect information over their life cycle. We find that firms make non-negligible and positively correlated forecast errors. However, they make more precise...
Persistent link: https://www.econbiz.de/10012826001
. Agency theory's insistence on linking the compensation of managers and directors as closely as possible to firm performance …
Persistent link: https://www.econbiz.de/10010261124
We develop a model of spatial competition with two heterogeneous in their market access chains, choosing between third-degree price discrimination in their local markets (flexible pricing) and a unified chain-level price (uniform pricing). The markets are interconnected with each other via...
Persistent link: https://www.econbiz.de/10015211327
-activity users frequent it. Our work contributes to theory by determining the underlying micro-foundations that produce what the …
Persistent link: https://www.econbiz.de/10013470340
contract while large and productive firms expand as predicted by theory. Most adjustments occur at the extensive margin due to …
Persistent link: https://www.econbiz.de/10012179807
-activity users frequent it. Our work contributes to theory by determining the underlying micro-foundations that produce what the …
Persistent link: https://www.econbiz.de/10014241991
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …
Persistent link: https://www.econbiz.de/10010291511
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10010291523
Adding to the corruption-gender nexus, this paper contributes across several dimensions: (a) measurement of corruption by studying whether female managers and female owners of firms perceived corruption differently; (b) using survey information at the firm level; and (c) employing a large sample...
Persistent link: https://www.econbiz.de/10012871756
this paper is an observation-based analysis conducted by visiting selected paper mills in Finland, the U.S., Germany and …
Persistent link: https://www.econbiz.de/10010266037