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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
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Equilibrium Unemployment and Investment Under Product and Labour Market Imperfections
Kauppi, Heikki; Koskela, Erkki; Stenbacka, Rune - 2004
We study the implications of product market competition and investment for price setting, wage bargaining and thereby …
Persistent link: https://www.econbiz.de/10010261822
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Capital Accumulation and Growth : A New Look at the Empirical Evidence
Schiantarelli, Fabio; Leblebicioglu, Asli; Bond, Steve - 2004
We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …
Persistent link: https://www.econbiz.de/10010261921
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Dynamics of Labour and Capital Adjustment : A Comparison of Germany and the Netherlands
Polder, Michael; Verick, Sher - 2004
dynamics as investment conditions are similar. Our results are consistent with this hypothesis. Furthermore, there is no …
Persistent link: https://www.econbiz.de/10010261963
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Non-Linearities in the Expansion of Capital Stock
Pfann, Gerard A.; Letterie, Wilko; Verick, Sher - 2004
The empirical identification of non-linearities in investment relies on how investment is assumed to be separated into … investment which allows us to observe regime separation, an aspect of the data that is typically absent from previous empirical … concentrating investment in a single year. Moreover, there is evidence that investment is more sensitive to fundamentals in the high …
Persistent link: https://www.econbiz.de/10010276179
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Impact of Financial Crises on Dynamics of Capital Structure: Evidence from Korean Listed Companies
Tsoy, Lyubov; Heshmati, Almas - 2017
This study examines the impact of 1997 Asian and 2008 Global financial crises on the capital structure of Korean listed companies. Using a data set covering 1,159 Korean listed non-financial firms from 10 industrial sectors over period 1985-2015, the pattern of firms' capital structure before...
Persistent link: https://www.econbiz.de/10011653282
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Venture Capital Investment and Labor Market Performance: New Empirical Evidence for OECD Countries
Belke, Ansgar; Schaal, Andreas - Institute for the Study of Labor (IZA) - 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/10005822244
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Ownership and Pay in Britain
Pendleton, Andrew; Bryson, Alex; Gospel, Howard - 2015
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/10011307427
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Labor and the Market Value of the Firm
Merz, Monika; Yashiv, Eran - 2003
with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital ….S. corporate sector data to estimate firms? optimal hiring and investment decisions and the consequences for firms? value. We then … investment and physical capital. We find that a conventional specification – quadratic adjustment costs for capital and no hiring …
Persistent link: https://www.econbiz.de/10010261658
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Welfare Analysis in a Schumpeterian Growth Model with Capital
Hagedorn, Marcus; Kaul, Ashok; Reinthaler, Volker - 2001
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10010262488