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Good Rankings are Bad : Why Reliable Rankings Can Hurt Consumers

Bouton, Laurent - 2015

unbiased informative ranking. The existence of the ranking might affect the welfare of all consumers negatively. With rigid … prices, the ranking induced change in demand can be detrimental to all consumers in markets featuring rationing or … consumption externalities. With perfectly flexible prices, the ranking might increase firms' market power, and hence lead to …

Persistent link: https://www.econbiz.de/10013024517

Taste for Competition and the Gender Gap Among Young Business Professionals

Reuben, Ernesto - 2015

Using an incentivized measure of test for competition, this paper investigates whether this taste explains subsequent gender differences in earnings and industry choice in a sample of high-ability MBA graduates. We find that “competitive” individuals earn 9% more than their less competitive...

Persistent link: https://www.econbiz.de/10013012390

Skill Dispersion and Trade Flows

Bombardini, Matilde - 2009

Is skill dispersion a source of comparative advantage? While it is established that a country's aggregate endowment of human capital is an important determinant of comparative advantage, this paper investigates whether the distribution of skills in the labor force can play a role in the...

Persistent link: https://www.econbiz.de/10013158695

Text-Based Network Industries and Endogenous Product Differentiation

Phillips, Gordon M. - 2010

We study how firms differ from their competitors using new time-varying measures of product differentiation based on text-based analysis of product descriptions from 50,673 firm 10-K statements filed yearly with the Securities and Exchange Commission. This year-by-year set of product...

Persistent link: https://www.econbiz.de/10013143460

Corporate Governance, Economic Entrenchment and Growth

Morck, Randall - 2013

Around the world, large corporations usually have controlling owners, who are usually very wealthy families. Outside the U.S. and the U.K., pyramidal control structures, cross shareholding and super voting rights are common. Using these devices, a family can control corporations without making a...

Persistent link: https://www.econbiz.de/10012754592

Savings Constraints and Microenterprise Development : Evidence from a Field Experiment in Kenya

Dupas, Pascaline - 2010

Does limited access to formal savings services impede business growth in poor countries? To shed light on this question, we randomized access to non-interest-bearing bank accounts among two types of self-employed individuals in rural Kenya: market vendors (who are mostly women) and men working...

Persistent link: https://www.econbiz.de/10012757920

Mixing Family with Business : A Study of Thai Business Groups and the Families Behind Them

Bertrand, Marianne - 2010

Families run a large fraction of business groups around the world. In this paper, we analyze how the structure of the families behind these business groups affects the groups' organization, governance and performance. To address this question, we constructed a unique data set of family trees and...

Persistent link: https://www.econbiz.de/10012759606

Emerging Market Business Groups, Foreign Investors, and Corporate Governance

Khanna, Tarun - 2010

We examine the interaction between three kinds of concentrated owners commonly found in an emerging market: family-run business groups, domestic financial institutions, and foreign financial institutions. Using data from India in the early 1990s, we find evidence that domestic international...

Persistent link: https://www.econbiz.de/10012763811

Corporate Ownership in France : The Importance of History

Murphy, Antoin E. - 2009

This paper attempts to show the importance of history in influencing the structure of corporate ownership in France. The strong concentration of family ownership in France is traced to historical weaknesses in the money and capital markets that forced families to have recourse to self-financing....

Persistent link: https://www.econbiz.de/10012767636

Business Groups in Canada : Their Rise and Fall, and Rise and Fall Again

Morck, Randall - 2015

Family-controlled pyramidal business groups were important in Canada early in the 20th century, amid rapid catch-up industrialization, but largely gave way to widely held free-standing firms by mid- century. In the 1970s and early 1980s – an era of high inflation, financial reversal,...

Persistent link: https://www.econbiz.de/10013011941