Showing 1 - 10 of 66
In the automobile industry, as in many tradable goods markets, firms earn their highest market share within their … domestic market. This home market advantage persists despite substantial integration of international markets during the past … several decades. The goal of this paper is to quantify the supply- and demand-driven sources of the home market advantage and …
Persistent link: https://www.econbiz.de/10013012565
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...
Persistent link: https://www.econbiz.de/10013148773
This paper examines the bank lending channel of monetary transmission in Malaysia, a country with a dual banking system …
Persistent link: https://www.econbiz.de/10012994579
This paper presents a dynamic model of risk-averse producers' decision to invest in physical capital and to export. The … model features irreversible investment, no capital markets and fixed and sunk costs to export. Several features of the … distribution of investment rates and export participation patterns observed in firm-level data are closely matched in a calibration …
Persistent link: https://www.econbiz.de/10013130747
multi-product exporters: (i) few top-selling products account for the bulk of a firm's exports in a market, (ii) the … distribution of exporter scope (the number of products per firm in a market) is similar across markets, and (iii) within each … market, exporter scope is positively associated with average sales per product. Our data also show that firms systematically …
Persistent link: https://www.econbiz.de/10013131349
I show in this paper that incomplete contracts affect a firm's decision about serving foreign customers through exports or local sales from an affiliated plant. When contracts between two agents within a firm are too costly to write, the share of multinational firms may be higher or lower...
Persistent link: https://www.econbiz.de/10013135913
We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...
Persistent link: https://www.econbiz.de/10013117356
This paper studies the performance of China's exports during the 2008—2009 financial crisis. It focuses on the speed at which China's exports were hit by this downturn. Product-country monthly exports data is utilized. It is found that GDP growth rates of importing countries play an important...
Persistent link: https://www.econbiz.de/10013120072
latter, and shows that the availability of the private label option results in greater total export volumes and lower average …
Persistent link: https://www.econbiz.de/10013085757
This paper explores firms' export dynamics in emerging economies where local firms face stiff foreign competition, both … at home and abroad, and thus compelled to choose the level of quality in which to export. We develop and test a model of … vertical product differentiation where the link between export performance and product quality is central. The impact of other …
Persistent link: https://www.econbiz.de/10012963749