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Investor Protection and the Value of Shares : Evidence from Statutory Rules Governing Variations of Shareholders' Class Rights in Russia
Muravyev, Alexander - 2010
This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...
Persistent link: https://www.econbiz.de/10013149514
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The KfW/Zew Start-Up Panel : Design and Research Potential
Fryges, Helmut - 2009
Bankengruppe and Creditreform set up a panel study of newly founded firms in Germany: the KfW/ZEW Start-up Panel. In each of the … yearly panel waves computer-aided telephone interviews (CATI) are conducted with about 6,000 start-up firms from almost all … industries. The KfW/ZEW Start-up Panel will for the first time enable profound analyses of the temporal development of newly …
Persistent link: https://www.econbiz.de/10013155553
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Employee Health and Firm Performance
Rettl, Daniel A.; Schandlbauer, Alexander; Trandafir, Mircea - 2022
When workers are in bad health, their productivity declines. We investigate whether the health of employees affects firm performance, taking advantage of the severity of the seasonal influenza seasons as a source of exogenous variation. We find that firms whose employees are particularly...
Persistent link: https://www.econbiz.de/10013406445
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Does the Legal Form Matter for Firm Performance in the MENA Region?
Ahmad, Issam; Fakih, Ali - 2022
This paper attempts to study the relationship between firm legal form and firm performance in the Middle East and North Africa Region (MENA) using the World Bank Enterprise Survey (WBES) database. Our analysis shows that open shareholding, closed shareholding, partnership, and limited...
Persistent link: https://www.econbiz.de/10013406780
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Do Entrepreneurs Matter?
Becker, Sascha O. - 2013
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10013087867
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Concentrating on the Fall of the Labor Share
Autor, David H. - 2017
The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take most" competition, leading a small number of highly profitable (and low labor...
Persistent link: https://www.econbiz.de/10012963787
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The Fall of the Labor Share and the Rise of Superstar Firms
Autor, David H. - 2017
or macro data, obscuring heterogeneity among firms. In this paper, we analyze micro panel data from the U.S. Economic …
Persistent link: https://www.econbiz.de/10012956029
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Entrepreneurship and the Process of Firms' Entry, Survival and Growth
Santarelli, Enrico; Vivarelli, Marco - 2021
This survey paper aims at critically discussing the recent literature on firm formation and survival and the growth of new-born firms. The basic purpose is to single out the microeconomic entrepreneurial foundations of industrial dynamics (entry and exit) and to characterise the founder's...
Persistent link: https://www.econbiz.de/10013317307
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Productivity, Wages and Profits : Does Firms' Position in the Value Chain Matter?
Mahy, Benoit - 2019
costs and profits (i.e. productivity-wage gaps). To do so, we merged detailed Belgian linked panel data, covering all years … been pioneered by Hellerstein et al. (1999) to estimate dynamic panel data models at the firm level. Our estimates show …
Persistent link: https://www.econbiz.de/10012858492
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What Factors Influence Firm Perceptions of Labour Market Constraints to Growth in the MENA Region?
Fakih, Ali - 2015
Labour market constraints constitute prominent obstacles to firm development and economic growth of countries located in the Middle East and North Africa (MENA) region. This paper aims at examining the implications of firm characteristics, national locations, and sectoral associations for the...
Persistent link: https://www.econbiz.de/10013013595