Showing 1 - 10 of 174
We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …
Persistent link: https://www.econbiz.de/10012824811
How can tax policy improve financial stability? Recent studies suggest large stability gains from eliminating the debt bias in corporate taxation. It is well known that this reform reduces bank leverage. This paper analyzes a novel, complementary channel: risk taking. We model banks’ portfolio...
Persistent link: https://www.econbiz.de/10013250732
This study explores the relationship between the adoption of industrial robots and workplace injuries. Using establishment-level data on injuries, we find that a one standard deviation increase in our commuting zone-level measure of robot exposure reduces work-related annual injury rates by...
Persistent link: https://www.econbiz.de/10014081586
This paper develops a revealed-preference approach that uses budget constrain discontinuities to price workplace safety. We track hourly workers who face the decision of how many hours to work at varying levels of Covid-19 risk and leverage state-specific discontinuities in unemployment...
Persistent link: https://www.econbiz.de/10013311704
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
's economy-wide investment patterns—with investment embodying technological progress—are largely divorced from industrial … policies, and, if anything, predate them. The significant shifts in investment across sectors and ownership forms that have … taken place since the early 2000s are driven more by profitability considerations and private entrepreneurship than by …
Persistent link: https://www.econbiz.de/10012841149
about the pass-through of monetary policy. On the one hand, negative rates could lead to declining bank profitability making …
Persistent link: https://www.econbiz.de/10012892229
on profits, we find that the monopolist’s aggregate profit is a U-shaped function of the privacy cost whatever the degree … of the monopolist’s information accuracy. Still, the profit effects of consumers’ identity management choices are shown … monopoly equilibrium profit is globally an increasing function of the privacy cost while in the PHI case, it is almost always a …
Persistent link: https://www.econbiz.de/10013213778
optimal dynamic control problem is characterized by two stochastic state variables: the equity value, and profitability (ROA …) of the _rm. According to the empirical evidence, we let profitability follow a mean reverting process. The problem is …
Persistent link: https://www.econbiz.de/10013314671
The paper considers profit shifting behavior using data on German inbound and outbound FDI. It finds an empirical … correlation between the home country tax rate of a parent and the net of tax profitability of its German affiliate that is … consistent with profit shifting behavior. For profitable affiliates that are directly owned by a foreign investor the evidence …
Persistent link: https://www.econbiz.de/10013316976