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Innovation and the determinants of firm survival

Buddelmeyer, Hielke; Jensen, Paul H.; Webster, Elizabeth - 2006

-to-the-world innovation is inherently risky and therefore may increase the probability of firm death. However, many existing studies … fail to distinguish between innovation investments and innovation capital. Using an unbalanced panel of over 290 … innovation and survival and find that current innovation investments increase the probability of death while innovation capital …

Persistent link: https://www.econbiz.de/10010268043

Reducing Start-Up Costs for New Firms: The Double Dividend on the Labour Market

Dulleck, Uwe; Frijters, Paul; Winter-Ebmer, Rudolf - 2003

Starting a firm with expansive potential is an option for educated and high-skilled workers. This option serves as an insurance against unemployment caused by labor market frictions and hence increases the incentives for education. We show within a matching model that reducing the start-up costs...

Persistent link: https://www.econbiz.de/10010261628

Venture Capital Investment and Labor Market Performance : New Empirical Evidence for OECD Countries

Belke, Ansgar; Schaal, Andreas - 2004

Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets with bank-based financial markets as in Germany...

Persistent link: https://www.econbiz.de/10010262178

Black Sheep and Walls of Silence

Roider, Andreas; Muehlheusser, Gerd - 2004

In this paper we analyze the frequently observed phenomenon that (i) some members of a team ("black sheep") exhibit behavior disliked by other (honest) team members, who (ii) nevertheless refrain from reporting such misbehavior to the authorities (they set up a "wall of silence"). Much cited...

Persistent link: https://www.econbiz.de/10010261919

Why Do Firms Pay an Overtime Premium?

Hart, Robert A.; Ma, Yue - 2000

We develop a rationale for the payment by firms of a wage premium on marginal, or overtime, weekly hours. We examine wage-hours contracts within the framework of a two-period specific human capital model with asymmetric information. The wage premium serves to achieve contract efficiency. For...

Persistent link: https://www.econbiz.de/10010262371

Employer Learning and Schooling-Related Statistical Discrimination in Britain

Galindo-Rueda, Fernando - 2003

This paper develops and tests a new model of asymmetric information in the labour market involving employer learning. In the model, I provide theoretical conditions for the identification – based on the experience and tenure profiles of estimated returns to ability and education – of...

Persistent link: https://www.econbiz.de/10010262759

Performance pay, sorting, and outsourcing

Henneberger, Fred; Sousa-Poza, Alfonso; Ziegler, Alexandre - 2007

Implementing performance pay requires that workers' output be measured. When measurement costs differ among firms, those with a measurement cost advantage choose to implement performance pay. They attract the best workers, and both the level and variability of compensation are higher at these...

Persistent link: https://www.econbiz.de/10010268459

Wage-hours contracts, overtime working and premium pay

Hart, Robert A.; Ma, Yue - 2008

This paper offers a contract-based theory to explain the determination of standard hours, overtime hours and overtime premium pay. We expand on the wage contract literature that emphasises the role of firm-specific human capital and that explores problems of contract efficiency in the face of...

Persistent link: https://www.econbiz.de/10010269147

Layoff costs and efficiency with asymmetric information

Delacroix, Alain; Wasmer, Etienne - 2009

Wage determination under asymmetric information generates inefficiencies due to excess turnover. Severance pay and layoff taxes can improve efficiency. We show that inefficient separations can even be fully removed with fixed separation taxes in the case where the relevant private information is...

Persistent link: https://www.econbiz.de/10010269525

Negative externalities and equilibrium existence in competitive markets with adverse selection

von Siemens, Ferdinand; Kosfeld, Michael - 2009

Rothschild and Stiglitz (1976) show that there need not exist a competitive equilibrium in markets with adverse selection. Building on their framework we demonstrate that externalities between agents - an agent's utility upon accepting a contract depends on the average type attracted by the...

Persistent link: https://www.econbiz.de/10010276700

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