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Limited Managerial Attention and Corporate Aging
Loderer, Claudio F. - 2013
As firms have more assets in place, more of management's limited attention is focused on managing assets in place … ability to generate new growth options. This simple theory predicts that Tobin's q falls with age. Further, competition in the … corporate control should accelerate the decline because it forces management to focus more on managing assets in place whose …
Persistent link: https://www.econbiz.de/10013076181
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International Trade : Linking Micro and Macro
Eaton, Jonathan - 2014
that it accounts for both the large share of a small number of firms in sales around the world and for zeros in bilateral …
Persistent link: https://www.econbiz.de/10013066573
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Does Trade Globalization Induce or Inhibit Corporate Transparency? Unbundling the Growth Potential and Product Market Competition Channels
Tong, Hui - 2014
How does increasing globalization affect corporate transparency? Freer trade represents different facets and in theory …
Persistent link: https://www.econbiz.de/10013067063
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Optimal Monetary Policy with Informational Frictions
Angeletos, George-Marios - 2011
This paper studies optimal policy in a business-cycle setting in which firms have a blurry understanding of the state of the economy due to informational or cognitive constraints. The latter are not only the source of nominal rigidity but also an impediment in the coordination of production. The...
Persistent link: https://www.econbiz.de/10013118850
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How Do Firm Financial Conditions Affect Product Quality and Pricing?
Phillips, Gordon M. - 2011
We analyze the interaction of firm product quality and pricing decisions with financial distress and bankruptcy in the airline industry. We consider an airline's choices of quality and price as dynamic decisions that trade off current cash flows for future revenue. We examine how airline...
Persistent link: https://www.econbiz.de/10013122187
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As Science Evolves, How Can Science Policy?
Jones, Benjamin F. - 2014
Getting science policy right is a core objective of government that bears on scientific advance, economic growth, health, and longevity. Yet the process of science is changing. As science advances and knowledge accumulates, ensuing generations of innovators spend longer in training and become...
Persistent link: https://www.econbiz.de/10013069843
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The Life Cycle of Scholars and Papers in Economics -- the "Citation Death Tax"
Aizenman, Joshua - 2008
The information content of academic citations is subject to debate. This paper views premature death as a tragic quot;natural experiment,quot; outlining a methodology identifying the quot;citation death taxquot; -- the impact of death of productive economists on the patterns of their citations....
Persistent link: https://www.econbiz.de/10012772315
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Health and Economic Activity Over the Lifecycle : Literature Review
Prinz, Daniel; Chernew, Michael; Cutler, David M.; … - 2021
We systematically review the literature linking health to economic activity, particularly education and labor market outcomes, over the lifecycle. In the first part, we review studies that link childhood health to later-life outcomes. The main themes we focus on are in-utero exposures,...
Persistent link: https://www.econbiz.de/10013224122
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Alcoholism, Work, and Income Over the Life Cycle
Mullahy, John; Sindelar, Jody L. - 2021
We find that alcoholism decreases labor force participation among prime age males, and therefore decreases the income of this group. The effects of alcoholism on the labor force participation of younger and older males and on the wage rates of prime age males are not significantly positive. We...
Persistent link: https://www.econbiz.de/10013243382
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From the New Wave to the New Hollywood : The Life Cycles of Important Movie Directors from Godard and Truffaut to Spielberg and Eastwood
Galenson, David W.; Kotin, Joshua - 2021
Two great movie directors were both born in 1930. One of them, Jean-Luc Godard, revolutionized filmmaking during his 30s, and declined in creativity thereafter. In contrast, Clint Eastwood did not direct his first movie until he had passed the age of 40, and did not emerge as an important...
Persistent link: https://www.econbiz.de/10013244765