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A unified theory of firm selection and growth
Arkolakis, Costas - 2009
balanced growth. I assume that firm-level growth is the result of idiosyncratic productivity improvements while there is …
Persistent link: https://www.econbiz.de/10003850872
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Long-lasting bank relationships and growth of firms
Gambini, Alessandro; Zazzaro, Alberto - 2010
A puzzling but consistent result in the empirical literature on banking is that firms with close bank ties do not grow faster than bank-independent firms. In this paper, we reconsider the link between relationship lending and firms' growth, distinguishing firms by size and "health". The idea is...
Persistent link: https://www.econbiz.de/10003981984
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Do entrepreneurs matter?
Becker, Sascha O.; Hvide, Hans K. - 2013
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10009691623
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Concentrating on the fall of the labor share
Autor, David H.; Dorn, David; Katz, Lawrence F.; … - 2017
The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take most" competition, leading a small number of highly profitable (and low labor...
Persistent link: https://www.econbiz.de/10011602754
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Credit supply shocks and firm dynamics : evidence from Brazil
Bazzi, Samuel; Muendler, Marc-Andreas; Oliveira, Raquel F. - 2023
We explore how financial constraints distort the entry decisions among otherwise productive entrepreneurs and limit growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit constraints can induce more entry of firms with greater long-run...
Persistent link: https://www.econbiz.de/10014391287
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Ten facts on declining business dynamism and lessons from endogenous growth theory
Akcigit, Ufuk; Ates, Sina T. - 2019
In this paper, we review the literature on declining business dynamism and its implications in the United States and propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced stylized facts related to declining business dynamism...
Persistent link: https://www.econbiz.de/10012104042
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What happened to U.S. business dynamism?
Akcigit, Ufuk; Ates, Sina T. - 2019
In the past several decades, the U.S. economy has witnessed a number of striking trends that indicate a rising market concentration and a slowdown in business dynamism. In this paper, we make an attempt to understand potential common forces behind these empirical regularities through the lens of...
Persistent link: https://www.econbiz.de/10012104132
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Business dynamics and productivity growth in the Netherlands
Freeman, Daan; Bettendorf, Leon; Heuvelen, Gerrit Hugo van - 2024
productivity growth. We utilise a rich microdata set covering the period 2006-2016, encompassing nearly all Dutch corporations …. This dataset facilitates an evaluation of start-ups’ and exiting firms’ contributions to Total Factor Productivity (TFP … display lower productivity than incumbents, their productivity growth outpaces that of incumbents. In services, entrants …
Persistent link: https://www.econbiz.de/10014517965
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Firms in product space : adoption, growth and competition
Macedoni, Luca; Morrow, John; Tyazhelnikov, Vladimir - 2024
Which products are potentially produced together? When demand for a product increases, which firms will supply it? Using multi-product production patterns within and across firms, we recover a continuous cost-based distance between firms and unproduced products. Higher product distance implies...
Persistent link: https://www.econbiz.de/10015077827
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Let's switch to the cloud : cloud adoption and its effect on IT investment and productivity
Duso, Tomaso; Schiersch, Alexander - 2022
, cloud usage is expected to increase the productivity of firms, as it allows them to quickly customize the IT they require to … IT investment in any sectors, it does significantly improve labor productivity for firms in manufacturing and in …
Persistent link: https://www.econbiz.de/10013368656