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A global decline in research productivity? : evidence from China and Germany
Boeing, Philipp; Hünermund, Paul - 2020
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U …
Persistent link: https://www.econbiz.de/10012239797
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Size matters : "over"investments in a relational contracting setting
Englmaier, Florian; Fahn, Matthias - 2018
The corporate finance literature documents that managers tend to over-invest in their companies. A number of theoretical contributions have aimed at explaining this stylized fact, most of them focusing on a fundamental agency problem between shareholders and managers. The present paper shows...
Persistent link: https://www.econbiz.de/10011895831
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The commitment role of equity financing
Fahn, Matthias; Wamser, Georg; Merlo, Valeria - 2017
analysis provides an explanation for why some firms only use little debt financing. Predictions made by our theory are in line …
Persistent link: https://www.econbiz.de/10011705222
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Uncertainty, misallocation and the life-cycle growth of firms
Mäkynen, Eero; Vähämaa, Oskari - 2021
firms have to learn their productivity. We match our model with the salient features of the data and show that our model …
Persistent link: https://www.econbiz.de/10012583062
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Economic growth through worker reallocation : the role of knowledge spillovers
Mäkynen, Eero - 2021
An establishment can improve its productivity by hiring workers from more productive establishments. Then, how … important is worker reallocation for aggregate productivity growth? To study this question, I develop a general equilibrium … knowledge diffusion mechanism increases the aggregate productivity growth by 0.14 percentage points and enhances welfare …
Persistent link: https://www.econbiz.de/10012583063
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Maturity shortening and market failure
Thierfelder, Felix - 2012
Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not uniform across maturities. As funding pressures were...
Persistent link: https://www.econbiz.de/10009509089
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Product differentiation and quality in production function estimation
2024
Production functions provide a mapping from the firms' input quantity and productivity to output quantity. This mapping …
Persistent link: https://www.econbiz.de/10014631677
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Benefits of internationalisation for acquirers and targets - but unevenly distributed
Frey, Rainer; Goldbach, Stefan - 2021
of positive effects emerge. With respect to takeovers of German companies by foreign investors, the productivity and … international, we find positive productivity and sales effects for relatively small companies investing abroad, and this …
Persistent link: https://www.econbiz.de/10012627996
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Selection into entrepreneurship and self-employment
Levine, Ross; Rubinstein, Yona - 2020
Persistent link: https://www.econbiz.de/10012486554
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Uncertainty, misallocation and the life-cycle growth of firms
Mäkynen, Eero; Vähämaa, Oskari - 2021
firms have to learn their productivity. We match our model with the salient features of the data and show that our model …
Persistent link: https://www.econbiz.de/10013394369