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indication of the importance of barriers to firm growth as opposed to barriers to entry. Transition economies show an even more …-entry growth of successful firms. …
Persistent link: https://www.econbiz.de/10011337988
investment in firm-specific cost reduction. They earn negative net profit in early periods, compensated later by strictlypositive …
Persistent link: https://www.econbiz.de/10010372852
Gibrat's Law does not hold, i.e., the main finding is that firm growth decreases with firm size. However, almost all of these … obtained for a large sample of Dutch firms in the hospitality industry - we examine whether the assumption that growth rates … that growth rates are, in fact, independent of firm size in two business groups, while Gibrat's Law is rejected for the …
Persistent link: https://www.econbiz.de/10011327542
investment in a public capital stock, and the inter-temporal consumption of a reproductive asset. …
Persistent link: https://www.econbiz.de/10011349198
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10011349194
We investigate the manifold posed question: To what extent does investment in human and social capital, besides the …
Persistent link: https://www.econbiz.de/10011326404
Employees' incentive to invest in their task proficiency depends on the likelihood that they will execute the same tasks in the future. Changes in tasks can be warranted as a result of technological progress and changes in firm strategy as well as from fine-tuning job design and from monitoring...
Persistent link: https://www.econbiz.de/10010255026
We present a continuous-time generalization of the seminal R&D model of d'Aspremont and Jacquemin (American Economic Review, 1988) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market collusion. We...
Persistent link: https://www.econbiz.de/10011520481
We study a stochastic dynamic game of process innovation in which firms can initiate and terminate R&D efforts and production at different times. We discern the impact of knowledge spillovers on the investments in existing markets, as well as on the likely structure of newly forming markets, for...
Persistent link: https://www.econbiz.de/10010395083
Persistent link: https://www.econbiz.de/10010191414