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market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending … interpretation of the evidence on competition is that there is an initial move by firms into niches to exploit local market power … sources of finance. The scale of restructuring and innovation activity is as high or higher in transition economies as in …
Persistent link: https://www.econbiz.de/10013324752
The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher host corruption will be associated with higher foreign...
Persistent link: https://www.econbiz.de/10013074899
Drawing on principal-agent perspectives on corporate governance, this paper examines whether employees' hourly pay is linked to ownership dispersion. Using linked workplace-worker data from the British Workplace Employment Relations Survey (WERS) 2011, we find average hourly pay is higher in...
Persistent link: https://www.econbiz.de/10013016270
Using nationally representative Norwegian data we show family-owned workplaces are less likely to close than observationally similar non-family-owned workplaces. But this changed during the Crisis when the family businesses' closure hazard soared. This hike in 2009 was not related to performance...
Persistent link: https://www.econbiz.de/10012993945
This paper provides novel evidence on the effects of employee stock ownership (ESO), a prominent example of shared capitalism. In so doing, we take advantage of our access to new panel data on Japanese ESO plans for a highly representative sample of publicly-traded firms in Japan (covering more...
Persistent link: https://www.econbiz.de/10012914331
Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction … between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental … innovation will lead to a much richer understanding of the interplay between firms' incentives to innovate and competitive …
Persistent link: https://www.econbiz.de/10013316746
So far, there has been no data set which observes firm formations in Germany not only on a cross-sectional basis using … Bankengruppe and Creditreform set up a panel study of newly founded firms in Germany: the KfW/ZEW Start-up Panel. In each of the …
Persistent link: https://www.econbiz.de/10013155553
impact of foreign competition on managerial compensation, (2) differences in the impact between Germany and the U.S. and (3 … Germany. A differentiation between imported intermediates (efficient sourcing strategy) and final inputs (competition) reveals …In this study we use import penetration as a proxy for foreign competition in order to empirically analyze (1) the …
Persistent link: https://www.econbiz.de/10012912768
This paper documents the relationship between foreign ownership and firm survival for enterprises in Germany using … providing the first evidence on the role of foreign ownership for firm survival in Germany, one of the most important … for foreign owned firms in West Germany but not in East Germany …
Persistent link: https://www.econbiz.de/10013117183
From a theoretical viewpoint the relationship between foreign ownership and unionization is ambiguous. On the one hand, foreign owners have better opportunities to undermine workers' unionization. On the other hand, workers of foreign-owned firms have an increased demand for the protection...
Persistent link: https://www.econbiz.de/10012942097