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Intangible Investment and Technical Efficiency: The Case of Software-Intensive Manufacturing Firms in Turkey

Findik, Derya; Tansel, Aysit - 2015

This chapter analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component … technical efficiency in the software intensive manufacturing firms in Turkey for the period 2003-2007. Firms are classified … differentials in their firm efficiency. The results show that the effect of software investment on firm efficiency is larger in high …

Persistent link: https://www.econbiz.de/10011307465

Private information, human capital, and optimal 'home bias' in financial markets

Ehrlich, Isaac; Shin, Jong Kook; Yin, Yong - 2011

By allowing for imperfectly informed markets and the role of private information, we offer new insights about observed deviations of portfolio concentrations in domestic relative to foreign risky assets, or home bias, from what standard finance models predict. Our model ascribes the bias to...

Persistent link: https://www.econbiz.de/10010286893

Private Information, Human Capital, and Optimal "Home Bias" in Financial Markets

Ehrlich, Isaac; Shin, Jong Kook; Yin, Yong - Institute for the Study of Labor (IZA) - 2011

By allowing for imperfectly informed markets and the role of private information, we offer new insights about observed deviations of portfolio concentrations in domestic relative to foreign risky assets, or "home bias", from what standard finance models predict. Our model ascribes the "bias" to...

Persistent link: https://www.econbiz.de/10009359859

Authority and incentives in organizations

Kräkel, Matthias - 2013

The paper analyzes how the choice of organizational structure leads to the best compromise between controlling behavior based on authority rights and minimizing costs for implementing high efforts. Concentrated delegation and hierarchical delegation turn out to be never an optimal compromise. If...

Persistent link: https://www.econbiz.de/10010293168

A Theory of Intra-Firm Group Design

Tumen, Semih - 2015

efficiency lead to non-monotonic effects on within-firm wage inequality. …

Persistent link: https://www.econbiz.de/10011401742

Expanding Export Variety: The Role of Institutional Reforms in Developing Countries

Sheng, Liugang; Yang, Dennis Tao - 2013

This paper presents theory and evidence showing that institutional reforms in developing countries can effectively expand their product varieties in export. Our model demonstrates that relaxing foreign ownership controls and improving contract enforcement can induce multinational companies to...

Persistent link: https://www.econbiz.de/10010328962

Do Business Groups Help or Hinder Technological Progress in Emerging Markets? Evidence from India

Bhaumik, Sumon K.; Zhou, Ying - 2014

Business groups, which are ubiquitous in emerging market economies, balance the advantages of characteristics such as internal capital markets with the disadvantages such as inefficient internal distribution of resources and suppression of technological and other forms of innovativeness. In this...

Persistent link: https://www.econbiz.de/10010329037

Boards of Directors in Russian Publicly Traded Companies in 1998-2014: Structure, Dynamics and Performance Effects

Muravyev, Alexander - 2016

This paper provides new evidence on the structure, dynamics and performance effects of corporate boards in publicly traded companies in Russia. It takes advantage of a new and unique longitudinal dataset of virtually all Russian companies whose shares were traded in the RTS/MICEX/MOEX over...

Persistent link: https://www.econbiz.de/10011653164

Business Culture: The Role of Personal and Impersonal Business Relationships on Market Efficiency

Muñoz-Herrera, Manuel; Reuben, Ernesto - 2019

In this paper, we study the effects of business culture on market efficiency. We exogenously vary the type of business …

Persistent link: https://www.econbiz.de/10012059128

Time Is on My Side: Relational Contracts and Aggregate Welfare

Kukharskyy, Bohdan; Pflüger, Michael P. - 2018

This paper develops a simple general equilibrium model which establishes a link between the patience of economic agents and the well-being of nations. We show that firms in long-term oriented countries can mitigate hold-up inefficiencies by engaging with their suppliers in relational contracting...

Persistent link: https://www.econbiz.de/10011816659

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