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Not so Lucky Any More : CEO Compensation in Financially Distressed Firms
Kang, Qiang; Mitnik, Oscar A. - 2021
distressed firms is higher before insolvency and lower upon and after insolvency, while the proportion for similar but solvent …
Persistent link: https://www.econbiz.de/10013324758
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Lost in Transition? Minimum Wage Effects on German Construction Workers
Bachmann, Ronald - 2012
well as the underlying labour market flows, at the establishment level. The fact that minimum wages in Germany are sector … accessions and separations rise in East Germany as a result of the minimum wage introduction. The evidence on detailed worker …-to-job transitions in East Germany, which can be explained by a more compressed wage distribution making on-the-job search less …
Persistent link: https://www.econbiz.de/10013099804
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Personal Bankruptcy Law, Wealth and Entrepreneurship : Theory and Evidence from the Introduction of a 'Fresh Start'
Fossen, Frank M. - 2011
tests the hypotheses derived by exploiting the introduction of a "fresh start" policy in Germany in 1999 as a natural …
Persistent link: https://www.econbiz.de/10013130785
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High-School Dropouts and Transitory Labor Market Shocks : The Case of the Spanish Housing Boom
Aparicio Fenoll, Ainhoa - 2010
This paper addresses the implications of transitory changes in labor market conditions for low versus high educated workers on the decision to acquire education. To identify this effect, I use the improvement in the labor market prospects of low educated workers motivated by the increases in...
Persistent link: https://www.econbiz.de/10013139032
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The Effect of Adversity on Process Innovations and Managerial Incentives
Dostie, Benoit - 2009
This paper asks whether adversity spurs the introduction of process innovations and increases the use of managerial incentives by firms. Using a large panel data set of workplaces in Canada, our identification strategy relies on exogenous variation in adversity arising from increased border...
Persistent link: https://www.econbiz.de/10013158121
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Turbulence, Firm Decentralization and Growth in Bad Times
Aghion, Philippe - 2017
What is the optimal form of firm organization during "bad times"? Using two large micro datasets on firm decentralization from US administrative data and 10 OECD countries, we find that firms that delegated more power from the Central Headquarters to local plant managers prior to the Great...
Persistent link: https://www.econbiz.de/10012957505
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Crises, What Crises?
Campos, Nauro F.; Hsiao, Cheng; Nugent, Jeffrey B. - 2021
Recent research convincingly shows that crises beget reform. Although the consensus is that economic crises foster macroeconomic stabilization, it is silent on which types of crises cause which types of reform. Is it economic or political crises that are the most important drivers of structural...
Persistent link: https://www.econbiz.de/10013317524
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Business Conditions and Default Risks Across Countries
Pflüger, Michael - 2011
The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...
Persistent link: https://www.econbiz.de/10013128748
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Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem - 2011
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to different realizations of firm specific technology...
Persistent link: https://www.econbiz.de/10013119292
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Surviving the Crisis : Foreign Multinationals vs Domestic Firms in Ireland
Godart, Olivier - 2011
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/10013121748