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corporate bankruptcy for identification, we find that the adverse effects of job loss on future employment and earnings are more …
Persistent link: https://www.econbiz.de/10011452365
In this paper, we focus on managerial characteristics of micro and small-sized firms. Using linked employer-employee data on the Portuguese economy for the 2010-2018 period, we estimate the impact of management teams' human capital on the probability of firms becoming financially distressed and...
Persistent link: https://www.econbiz.de/10012294788
Starting from the observation that all firms in Ireland (foreign and domestic in manufacturing and services industries) were hit by the crisis, the paper asks whether there is a difference in the behaviour of foreign and domestic firms. One hypothesis is that foreign multinationals are less...
Persistent link: https://www.econbiz.de/10009311507
We use plant output and input prices to decompose the profit margin into four parts: productivity, demand shocks, mark-ups and input costs. We find that each of these market fundamentals are important in explaining plant exit. We then use variation across sectors in tariff changes after the...
Persistent link: https://www.econbiz.de/10003863653
We estimate the effect of downsizing announcement on workplace performance using data from a German bakery chain of 193 … identify the effect of downsizing from a plausibly exogenous variation in the timing of the sale or closure announcement in the … and 21 percent, respectively. The negative effect of downsizing increases with the share of workers with a permanent …
Persistent link: https://www.econbiz.de/10011452568
It is well documented that displaced workers suffer severe earnings losses, but not why this is so. One reason may be that workers are unable or unwilling to move to regions with better employment opportunities. We study this and find that job displacement increases regional mobility but,...
Persistent link: https://www.econbiz.de/10010469671
We show that downsizing has substantial externalities on the health of workers who remain in the firm. To this end, we … control group. Based on high-quality administrative data, we find evidence that downsizing has persistent effects on mental … health externalities due to downsizing imply non-negligible cost for firms, and that wage cuts may have similar effects. …
Persistent link: https://www.econbiz.de/10012390277
This chapter analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component. Stochastic production frontier approach is used to simultaneously estimate the production function and the determinants of technical efficiency in the software intensive...
Persistent link: https://www.econbiz.de/10011309152
This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the...
Persistent link: https://www.econbiz.de/10010374120
Focusing on entrepreneurship entry modes, we investigate two research questions regarding firm survival: how does the survival probability differ between business takeovers and new venture start-ups? And how do the determinants of survival differ between the two entry modes? Using a large French...
Persistent link: https://www.econbiz.de/10011763818