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Local Dividend Clienteles
Becker, Bo - 2010
We exploit demographic variation to identify the effect of dividend demand on corporate payout policy. Retail investors tend to hold local stocks and older investors prefer dividend-paying stocks. Together, these tendencies generate geographically-varying demand for dividends. Firms...
Persistent link: https://www.econbiz.de/10013152095
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How are Employers Responding to an Aging Workforce?
Clark, Robert L.; Ritter, Beth - 2022
The American population is aging and changes in the population’s age structure are leading to an aging of the nation’s workforce. In addition, changes to age specific participation rates are exacerbating the aging of the national labor force. An important challenge for firms and...
Persistent link: https://www.econbiz.de/10013324531
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Matching Firms, Managers and Incentives
Bandiera, Oriana - 2012
We exploit a unique combination of administrative sources and survey data to study the match between firms and managers. The data includes manager characteristics, such as risk aversion and talent; firm characteristics, such as ownership; detailed measures of managerial practices relative to...
Persistent link: https://www.econbiz.de/10013115322
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Modern Management : Good for the Environment or Just Hot Air?
Bloom, Nicholas - 2014
We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then … match this management data to production and energy usage information for establishments owned by these firms. We find that … relation to other factor inputs. This is quantitatively substantial: going from the 25th to the 75th percentile of management …
Persistent link: https://www.econbiz.de/10012751267
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The Internal Governance of Firms
Acharya, Viral V. - 2010
We develop a model of internal governance where the self-serving actions of top management are limited by the potential …
Persistent link: https://www.econbiz.de/10013149975
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Business Strategy and the Management of Firms
Yang, Mu-Jeung - 2015
secure persistently superior performance via investments in better management and organization. We empirically analyze the … management is driven by two key organizational trade-offs: employee initiative vs. coordination as well as exploration of novel …
Persistent link: https://www.econbiz.de/10013030140
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The Extensive Margin of Exporting Products : A Firm-Level Analysis
Arkolakis, Costas - 2010
To quantify trade frictions, we examine multi-product exporters. We build a flexible general equilibrium model and estimate market entry costs using Brazilian firm-product-destination data under rich demand and market-access cost shocks. Our estimates show that additional products farther from a...
Persistent link: https://www.econbiz.de/10013134907
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The Chinese Corporate Savings Puzzle : a Firm-Level Cross-Country Perspective
Bayoumi, Tamim - 2010
China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits in state-owned firms, especially in resource sectors, and mis-governance of...
Persistent link: https://www.econbiz.de/10013137314
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Corporate Social Responsibility for Irresponsibility
Kotchen, Matthew J. - 2011
This paper provides an empirical investigation of the hypothesis that companies engage in corporate social responsibility (CSR) in order to offset corporate social irresponsibility (CSI). We find general support for the causal relationship: when companies do more "harm," they also do more...
Persistent link: https://www.econbiz.de/10013122028
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Tax Shelters or Efficient Tax Planning? a Theory of the Firm Perspective on the Economic Substance Doctrine
Borek, T. Christopher - 2013
Courts have articulated a number of legal tests to distinguish corporate transactions that have a legitimate business or economic purpose from those carried out largely, if not solely, for favorable tax treatment. We outline an approach to analyzing the economic substance of corporate...
Persistent link: https://www.econbiz.de/10013081258