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The Employer Penalty, Voluntary Compliance, and the Size Distribution of Firms : Evidence from a Survey of Small Businesses
Mulligan, Casey B. - 2017
A new survey of 745 small businesses shows little change in the size distribution of businesses between 2012 and 2016, except among businesses with 40–74 employees, in a way that is closely related to whether they offer health insurance coverage. Using measures of both size and voluntary...
Persistent link: https://www.econbiz.de/10012943171
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The Missing "Missing Middle"
Hsieh, Chang-Tai - 2014
Although a large literature seeks to explain the "missing middle" of mid-sized firms in developing countries, there is surprisingly little empirical backing for existence of the missing middle. Using microdata on the full distribution of both formal and informal sector manufacturing firms in...
Persistent link: https://www.econbiz.de/10013057395
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Class Struggle Inside the Firm : A Study of German Codetermination
Gorton, Gary B. - 2010
German system of codetermination,' a governance system under which employees are allocated some control rights over corporate … assets by law. Codetermination laws require that employees be represented on the (supervisory) board of directors. If … codetermination sufficiently empowers employees, and if stockholders' rights cannot be contractually protected, then employees may …
Persistent link: https://www.econbiz.de/10012763280
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Labor in the Boardroom
Jäger, Simon - 2019
We estimate the wage effects of shared governance, or codetermination, in the form of a mandate of one third of … corporate board seats going to worker representatives. We study a reformin Germany that abruptly abolished this mandate for … analogous difference in unaffected firm types (LLCs). We find no effects of board-level codetermination on wages and the wage …
Persistent link: https://www.econbiz.de/10012858402
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Measuring and Explaining Management Practices Across Firms and Countries
Bloom, Nicholas - 2014
US, France, Germany and the UK. These measures of managerial practice are strongly associated with firm …
Persistent link: https://www.econbiz.de/10012752282
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International Trade, Offshoring and Heterogeneous Firms
Baldwin, Richard - 2011
Recent trade models determine the equilibrium distribution of firm-level efficiency endogenously and show that freer trade shifts the distribution towards higher average productivity due to entry and exit of firms. These models ignore the possibility that freer trade also alters the firm-size...
Persistent link: https://www.econbiz.de/10013131680
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A Unified Theory of Firm Selection and Growth
Arkolakis, Costas - 2011
This paper studies the effects of marketing choice to firm growth. I assume that firm-level growth is the result of idiosyncratic productivity improvements with continuous arrival of new potential producers. A firm enters a market if it is profitable to incur the marginal cost to reach the first...
Persistent link: https://www.econbiz.de/10013119036
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Size-Dependent Regulations, Firm Size Distribution, and Reallocation
Gourio, Francois - 2014
In France, firms with 50 employees or more face substantially more regulation than firms with less than 50. As a result, the size distribution of firms is visibly distorted: there are many firms with exactly 49 employees. We model the regulation as the combination of a sunk cost that must be...
Persistent link: https://www.econbiz.de/10013064826
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Deregulation, Misallocation, and Size : Evidence from India
Alfaro, Laura - 2014
This paper examines the impact of the deregulation of compulsory industrial licensing in India on firm-size dynamics and the reallocation of resources within industries over time. Following deregulation, we find that the extent of resource misallocation declines and a considerable thickening of...
Persistent link: https://www.econbiz.de/10013064852
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Firm Volatility in Granular Networks
Kelly, Bryan T. - 2013
Firm volatilities co-move strongly over time, and their common factor is the dispersion of the economy-wide firm size distribution. In the cross section, smaller firms and firms with a more concentrated customer base display higher volatility. Network effects are essential to explaining the...
Persistent link: https://www.econbiz.de/10013075427