Showing 1 - 10 of 186
and health status. We explore the influence of long-lasting bank relationships on employment and asset growth of a large …
Persistent link: https://www.econbiz.de/10003981984
Using the framework provided by the asymmetric-information and real-options theories, we examine the impact of uncertainty on firms' decisions and market outcomes. We construct alternative measures of uncertainty based on survey of professional forecasters and our estimation of regression-based...
Persistent link: https://www.econbiz.de/10009764986
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regression-based forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate...
Persistent link: https://www.econbiz.de/10010428770
Social distancing restrictions and health- and economic-driven demand shifts from COVID-19 are expected to shutter many small businesses and entrepreneurial ventures, but there is very little early evidence on impacts. This paper provides the first analysis of impacts of the pandemic on the...
Persistent link: https://www.econbiz.de/10012291885
Economists have long suspected that firm-to-firm relationships might increase price rigidity due to the use of explicit … older versus newly formed relationships. Based on additional stylized facts about a relationship's life cycle and interviews … the average length of relationships in the economy - e.g., in a recession, when the share of young relationships declines …
Persistent link: https://www.econbiz.de/10011569630
Ownership of small businesses can facilitate upward mobility through the income hierarchy and help individuals maintain a place at the higher end of the income distribution hierarchy. This paper compares the positional stability of owners of small businesses with that of wage earners, arguing...
Persistent link: https://www.econbiz.de/10003850142
We analyze gender discrimination in entrepreneurship finance. Access to finance is crucial for entrepreneurial success …
Persistent link: https://www.econbiz.de/10014388597
Many small businesses closed in the pandemic, but were economic losses disproportionately felt by businesses owned by people of color? This paper provides the first study of the impacts of COVID-19 on racial inequality in business earnings. Pandemic-induced losses to business earnings in 2020...
Persistent link: https://www.econbiz.de/10014336469
We study a policy game between exporting and importing countries in vertically linked industries. In a successive international Cournot oligopoly, we analyse incentives for using tax instruments strategically to shift rents vertically, between exporting and importing countries, and horizontally,...
Persistent link: https://www.econbiz.de/10002756337
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