Showing 1 - 10 of 355
This paper provides a theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of taxes and corporate governance. The theory explains how the incorporation decision of entrepreneurs is driven by taxation (corporate and personal income taxes), corporate...
Persistent link: https://www.econbiz.de/10013158386
There is much debate on how the flow of information between firms should be organized, and whether existing privacy … laws should be amended. We offer a welfare comparison of the three main current policies towards consumer privacy … costly to opt in or opt out, privacy policies shape firms' ability to collect and use customer information, and affect their …
Persistent link: https://www.econbiz.de/10012779192
paper investigates whether highlighting positive or negative aspects of online privacy, thereby mitigating the informational … problem, can affect consumers' privacy actions and attitudes. Results of two online survey experiments indicate that … informed about positive attitudes of companies towards their privacy. On the other hand, they do not change their attitudes and …
Persistent link: https://www.econbiz.de/10012996793
Persistent link: https://www.econbiz.de/10008796827
Persistent link: https://www.econbiz.de/10003707376
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...
Persistent link: https://www.econbiz.de/10013101194
We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical German data. Firms' forecasts improve with age. We exploit German Reunification as a natural experiment where firms in the East are treated with ignorance about the distribution...
Persistent link: https://www.econbiz.de/10012964186
total factor productivity. We exploit time, country, and industry differences in the opening of EU labor markets from 2004 … to 2014 as a source of exogenous variation in the emigration rates from new EU member states. We argue that a potential …
Persistent link: https://www.econbiz.de/10012927105
Inflation expectations are a key determinant of actual and future inflation and thus matter for the conduct of monetary policy. We study how firms form their inflation expectations using quarterly firm-level data from the Bank of Canada's Business Outlook Survey, spanning the 2001 to 2015...
Persistent link: https://www.econbiz.de/10012979664
In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to shareholder-oriented firms in a model of imperfect competition....
Persistent link: https://www.econbiz.de/10013057260