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This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...
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innovative and unchanged products is developed and estimated using comparable firm-level data from France, Germany, Spain and the …
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also of subsequent generations. Little comparative work exists for Europe's largest economies. France, Germany and the …
Persistent link: https://www.econbiz.de/10003894405
financial performance in Britain and France. We find that union bargaining is detrimental to workplace performance in Britain … and that this effect is larger when unionization is endogenized. In France, union bargaining is associated with poorer … density do have a negative impact on workplace performance in France. In Britain the union effect does not rise with union …
Persistent link: https://www.econbiz.de/10003868100
Using data from large-scale establishment surveys in Britain and France, we show that incentive pay for non-managers is … more widespread in France than in Britain. We explain this finding in terms of the "beneficial constraint" arising from … stronger employment protection in France, which provides an impulse to develop incentive pay; employer networking activities in …
Persistent link: https://www.econbiz.de/10003868544