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Asset Stripping, Rule of Law and Firm Survival : The Hoff-Stiglitz Model and Mass Privatization in Montenegro
Koman, Matjaz - 2013
We provide the first test of the Hoff and Stiglitz (2004) model predicting whether and under what conditions mass privatizations are accompanied by asset stripping. In addition to directly testing the theory, we also tackle an important policy-oriented issue of why a large number of efficient...
Persistent link: https://www.econbiz.de/10013071449
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Are All Democracies Equally Good? The Role of Interactions Between Political Environment and Inequality for Rule of Law
Sunde, Uwe; Cervellati, Matteo; Fortunato, Piergiuseppe - 2021
Using cross-country data, we find evidence for a significant negative interaction effect between democracy and inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with institutions of higher quality when inequality is lower
Persistent link: https://www.econbiz.de/10013316859
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Innovation, Firm Survival and Productivity : The State of the Art
Ugur, Mehmet - 2020
innovation on firm survival and firm productivity, which constitute the two main channels through which innovation drives growth … perspectives that inform the empirical models allow for heterogeneity in the effects of R&D/innovation on firm survival and …-linearity and volatility in the gains from R&D/innovation, particularly in terms of its effects on firm survival and productivity …
Persistent link: https://www.econbiz.de/10012823863
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Innovative Firms or Innovative Owners? Determinants of Innovation in Micro, Small, and Medium Enterprises
de Mel, Suresh - 2015
Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across … and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have … restricted standard analysis of the determinants of innovation to consideration of the role of firm characteristics. We develop a …
Persistent link: https://www.econbiz.de/10012749897
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Chinese Unions and Enterprises Performance
Fang, Tony - 2014
This paper uses the national firm level survey data to investigate the effects of Chinese unions on firm performance. We show that Chinese unions have a strong "State-Party voice" face and a "collective voice" face but lack of "monopoly" face. The government influence plays an important role in...
Persistent link: https://www.econbiz.de/10013061050
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Tournaments and Managerial Incentives in China's Listed Firms : New Evidence
Kato, Takao; Long, Cheryl - 2021
an optimal response of the winner's prize to the size of the contestant pool is more evident for China's listed firms … to decide on the tournament winner). Using comprehensive financial and accounting data on China's listed firms from 1998 … effort and hence improved firm performance, and that the performance effect of the winner's prize is greater for China …
Persistent link: https://www.econbiz.de/10013324940
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Unions, Dynamism, and Economic Performance
Hirsch, Barry T. - 2010
This paper explores the relationship between economic performance and US unionism, focusing first on what we do and do not know based on empirical research handicapped by limited data on establishment and firm level collective bargaining coverage. Evidence on the relationship of unions with...
Persistent link: https://www.econbiz.de/10013135314
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Institutions and Economic Performance : What Can Be Explained?
Commander, Simon John - 2010
Institutions are now widely believed to be important in explaining performance. In this paper, we analyze whether commonly used measures of institutions have any significant, measurable impact on performance, whether of countries or firms. We look at three 'levels' of institutions and associated...
Persistent link: https://www.econbiz.de/10013136777
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The Post-Entry Performance of Cohorts of Export Starters in German Manufacturing Industries
Wagner, Joachim - 2010
This paper investigates four cohorts of firms from German manufacturing industries that started to export in the years between 1998 and 2002 and follows them over the five years after the start. Export starters are a rare species and they are small on average compared to incumbent exporters....
Persistent link: https://www.econbiz.de/10013138253
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The Productivity Effects of Profit Sharing, Employee Ownership, Stock Option and Team Incentive Plans : Evidence from Korean Panel Data
Kato, Takao - 2010
We report the first results for Korean firms on the incidence, diffusion, scope and effects of diverse employee financial participation schemes, such as Profit Sharing Plans (PSPs), Employee Stock Ownership Plans (ESOPs), Stock Option Plans (SOPs) and Team Incentive Plans (TIPs). In do doing, we...
Persistent link: https://www.econbiz.de/10013139059