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Managing Trade : Evidence from China and the US

Bloom, Nicholas - 2019

for product quality. Panel analysis for the US and a randomized control trial in India suggest that management exerts …

Persistent link: https://www.econbiz.de/10012898431

Divide and Privatize : Firm Break-Up and Performance

Kočenda, Evžen - 2011

We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996–2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...

Persistent link: https://www.econbiz.de/10013124394

Finding the Cost of Control

Kessler, Judd B. - 2013

that imposing control through an enforceable contract is only detrimental to principals in a special case when: (1) there … is a preexisting norm that agents provide high effort; (2) control is imposed unilaterally and has an asymmetric effect … on the agent; (3) control is weak (i.e. it cannot induce significant effort); and (4) the agent does not use control when …

Persistent link: https://www.econbiz.de/10013083260

Creative Destruction and Productive Preemption

Norback, Pehr-Johan - 2013

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...

Persistent link: https://www.econbiz.de/10013087725

Diversity, Social Goods Provision, and Performance in the Firm

Ellison, Sara Fisher - 2014

The last decade has seen a growing interest among economists on the effect of diversity on the provision of social goods and the stock of social capital. Indeed, in the workplace, cooperation, trust, and other social goods may be important elements of the smooth functioning of an office, but...

Persistent link: https://www.econbiz.de/10013069250

The Diffusion of Knowledge Via Managers' Mobility

Mion, Giordano - 2017

Better managers and managerial practices lead to better firm performance. Yet, little is known about what happens when managers move across firms. Does a firm hiring a good manager improve its performance? If yes is there some valuable knowledge the manager has acquired and successfully diffused...

Persistent link: https://www.econbiz.de/10012964189

Growing Productivity Without Growing Wages : The Micro-Level Anatomy of the Aggregate Labor Share Decline

Kehrig, Matthias - 2017

The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...

Persistent link: https://www.econbiz.de/10012955279

Do Mergers Among Multimarket Firms Create Value?

Linde, Sebastian - 2016

Merger value is frequently evaluated in single market contexts without considering possible gains stemming from firms' multimarket presence. This study concentrates on the question through which channels, and of which magnitude, mergers among multimarket firms create incremental value. We...

Persistent link: https://www.econbiz.de/10012978496

How to Share it Out : The Value of Information in Teams

Gershkov, Alex - 2014

We study the role of information exchange, leadership and coordination in team or partnership structures. For this purpose, we view individuals jointly engaging in productive processes — a ‘team' — as endowed with individual and privately held information on the joint production process....

Persistent link: https://www.econbiz.de/10013049204

Financial Frictions and Foreign Direct Investment : Theory and Evidence from Japanese Microdata

Raff, Horst - 2015

We use Japanese microdata to examine how financial market frictions affect foreign direct investment (FDI). The Japanese land price bubble and banking trouble in the late 1980s and early 1990s serve as a quasi natural experiment to identify two possible transmission channels from financial...

Persistent link: https://www.econbiz.de/10013024693

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