Narrow search
Showing 1 - 10 of 548
Cover Image
Outsourcing without cost advantages
Milliou, Chrysovalantou - 2023
This paper explores why competing firms can choose to outsource to an external common supplier that does not have a cost advantage in input production. The supplier, through its contract offers, manages to generate asymmetry, to alter product market competition, and to extract profits from the...
Persistent link: https://www.econbiz.de/10014340231
Cover Image
Formal contracts, relational contracts, and the threat-point effect
Itō, Hideshi; Morita, Hodaka - 2011
Can formal contracts help resolving the holdup problem? We address this important question by studying the holdup problem in repeated transactions between a seller and a buyer in which the seller can make relation-specific investments in each period. In contrast to previous findings, we...
Persistent link: https://www.econbiz.de/10009240848
Cover Image
Backward versus forward integration of firms in global value chains
Egger, Peter; Erhardt, Katharina; Masllorens, Gerard - 2021
Production processes are increasingly organized in international value-chain networks. The involved firms can be operating at arm’s length or be vertically integrated. Both the incidence and the direction of integration (backward or forward in the value chain) depend on specific...
Persistent link: https://www.econbiz.de/10012533967
Cover Image
The adoption and termination of suppliers over the business cycle
Xu, Le; Yu, Yang; Zanetti, Francesco - 2024
We assemble a novel firm-level dataset to study the adoption and termination of suppliers over business cycles. We document that the aggregate number and rate of adoption of suppliers are procyclical. The rate of termination is acyclical at the aggregate level, and the cyclicality of termination...
Persistent link: https://www.econbiz.de/10014505829
Cover Image
Vertical licensing, input pricing, and entry
Bakaouka, Elpiniki; Milliou, Chrysovalantou - 2017
We explore the incentives of a vertically integrated incumbent firm to license the production technology of its core input to an external firm, transforming the licensee into its input supplier. We find that the incumbent opts for licensing even when licensing also transforms the licensee into...
Persistent link: https://www.econbiz.de/10011597751
Cover Image
Corporate governance reforms, interlocking directorship networks and company value in Italy (1998-2007)
Drago, Carlo; Millo, Francesco; Ricciuti, Roberto; … - 2011
literature on the relationship between corporate governance and performance. We use a unique dataset made of corporate governance … 1998-2007. We find that the corporate governance reforms introduced over the period considered have shown some … been negatively related with company performance. -- corporate governance ; interlocking directorships ; company …
Persistent link: https://www.econbiz.de/10009009693
Cover Image
Employee spinouts, social networks, and family firms
Rauch, James E. - 2013
Recently collected data show that, within any manufacturing industry, vertically integrated firms tend to have larger, higher productivity plants, account for the bulk of sales, and also sell externally most of the inputs they produce. In a weak contracting environment characteristic of...
Persistent link: https://www.econbiz.de/10010223389
Cover Image
Financial constraints and moral hazard : the case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...
Persistent link: https://www.econbiz.de/10010210716
Cover Image
An economic analysis of blockchains
Waelbroeck, Patrick - 2018
between public and private blockchains, because their economic properties are contrasted. Moreover, governance issues in …
Persistent link: https://www.econbiz.de/10011794645
Cover Image
Can competition spoil reciprocity? : a laboratory experiment
Bauernschuster, Stefan; Falck, Oliver; Große, Niels - 2010
This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in a laboratory one-shot trust game. To analyze these effects, we apply a 2x2 design. We induce group membership by letting subjects play coordination games with clear focal...
Persistent link: https://www.econbiz.de/10003935235