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Ten facts on declining business dynamism and lessons from endogenous growth theory
Akcigit, Ufuk; Ates, Sina T. - 2019
explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially …
Persistent link: https://www.econbiz.de/10012104042
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Big tech acquisitions and innovation : an empirical assessment
Barsy, Laureen de; Gautier, Axel - 2024
this analysis, we use patent citations as a proxy for the innovation effort by the acquirer. Our main result is to show … that acquisition increases the innovation effort of the acquirer but only temporarily. After 1.5 year, there is no longer a … significant impact of the acquisition on the acquirer’s innovation effort. This decline is relatively larger when the acquired …
Persistent link: https://www.econbiz.de/10014505345
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Robots and firms
Koch, Michael; Manuylov, Ilya; Smolka, Marcel - 2019
We study the implications of robot adoption at the level of individual firms using a rich panel data-set of Spanish manufacturing firms over a 27-year period (1990-2016). We focus on three central questions: (1) Which firms adopt robots? (2) What are the labor market effects of robot adoption at...
Persistent link: https://www.econbiz.de/10011997063
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The dynamics of automation adoption : firm-level heterogeneity and aggregate employment effects
Bisio, Laura; Cuzzola, Angelo; Grazzi, Marco; … - 2023
We investigate the impact of investment in automation-related goods on adopting and non-adopting firms in the Italian … of Italian importing firms and estimate the effects on adopters' outcomes within a difference-indifferences design … exploiting import lumpiness in product categories linked to automation and AI technologies. We find a positive average adoption …
Persistent link: https://www.econbiz.de/10014383690
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Levelized product cost : concept and decision relevance
Reichelstein, Stefan; Rohlfing-Bastian, Anna - 2014
This paper examines a life-cycle cost concept that applies to both manufacturing and service industries in which upfront capacity investments are essential. Borrowing from the energy literature, we refer to this cost measure as the levelized product cost (LC). Per unit of output, the levelized...
Persistent link: https://www.econbiz.de/10010234531
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An inquiry into the north-south management gap in China
Yong, Soo Keong; Sen, Partha; Cao, Jing - 2024
We identify a puzzling management practice gap in China. In the South, a one standard deviation increase in firms' management competency is associated with a 7.5 percent improvement in sales productivity and a 29.2 increase in profitability. But such associations are muted for firms located in...
Persistent link: https://www.econbiz.de/10014477795
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Demographic change and bank profitability : empirical evidence from German savings banks
Berlemann, Michael; Oestmann, Marco; Thum, Marcel - 2010
Most European economies will experience significant demographic changes in the decades ahead. Due to low birth rates, populations are shrinking and ageing at the same time. This paper explores the impact of demographic change on the banking industry. A unique data set, which contains detailed...
Persistent link: https://www.econbiz.de/10003925219
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Dynamic entry and exit linkages in the Brazilian manufacturing industry : an econometric investigation
Resende, Marcelo; Ribeiro, Eduardo Pontual; Zeidan, … - 2013
The paper investigates dynamic linkages between entry and exit rates in Brazilian manufacturing in the context of 231 (4-digits) industries during the 1996-2005 period. The empirical analysis focuses on the estimation of a dynamic panel data for entry and exit rates and controls for the business...
Persistent link: https://www.econbiz.de/10009734846
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Credit constraints, quality, and export prices : theory and evidence from China
Fan, Haichao; Lai, Edwin L.-C.; Li, Yao Amber - 2013
This paper examines the relationship between the credit constraints faced by a firm and the unit value prices of its exports. The paper modifies Arkolakisś (2010) model of trade with heterogeneous firms by introducing endogenous quality and credit constraints. The model predicts that tighter...
Persistent link: https://www.econbiz.de/10009786048
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Do mergers among multimarket firms create value?
Linde, Sebastian; Siebert, Ralph - 2016
information on mergers and firm-level multimarket production and innovation within the semiconductor industry. Using the pairwise …
Persistent link: https://www.econbiz.de/10011549386