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On the Measure of Distortions
Hopenhayn, Hugo A. - 2014
aggregate productivity. TFP gaps are characterized as the integral of a strictly concave function with respect to an employment … productivity is shown to be ambiguous; conditions are given to determine its sign. An empirical lower bound on distortions based on …
Persistent link: https://www.econbiz.de/10013048598
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To Join or Not to Join? Factors Influencing Employee Share Plan Membership in a Multinational Corporation
Bryson, Alex - 2010
Many firms encourage employees to own company stock through share plans that subsidize the price at favorable rates, but even so many employees do not buy shares. Using a new survey of employees in a multinational with a share ownership plan, we find considerable variation in joining among...
Persistent link: https://www.econbiz.de/10013139127
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Corporate Governance and the Development of Manufacturing Enterprises in Nineteenth-Century Massachusetts
Hilt, Eric - 2014
This paper analyzes the use of the corporate form among nineteenth-century manufacturing firms in Massachusetts, from newly collected data from 1875. An analysis of incorporation rates across industries reveals that corporations were formed at higher rates among industries in which firm size was...
Persistent link: https://www.econbiz.de/10013054510
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India Transformed? Insights from the Firm Level 1988-2005
Alfaro, Laura; Chari, Anusha - 2021
Using firm-level data this paper analyzes the transformation of India's economic structure following the implementation of economic reforms. The focus of the study is on publicly-listed and unlisted firms in manufacturing and services industries. Detailed balance sheet and ownership information...
Persistent link: https://www.econbiz.de/10013239381
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Show Me the Money : Does Shared Capitalism Share the Wealth?
Buchele, Robert; Kruse, Douglas L.; Rodgers, Loren; … - 2022
This paper examines the effect of a variety of employee ownership programs on employees' holdings of their employers' stock, their earnings and their wealth. Two major datasets are employed: the NBER Shared Capitalism Research Project employee survey dataset and the 2002 and 2006 national...
Persistent link: https://www.econbiz.de/10013309236
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The Structure and Formation of Business Groups : Evidence from Korean Chaebols
Almeida, Heitor; Park, Sang Yong; Subrahmanyam, Marti G.; … - 2021
In this paper we study the determinants of business groups' ownership structure using unique panel data on Korean chaebols. In particular, we attempt to understand how pyramids form over time. We find that chaebols grow vertically (that is, pyramidally) as the family uses well-established group...
Persistent link: https://www.econbiz.de/10013311947
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The Impact of Plant-Level Resource Reallocations and Technical Progress on U.S. Macroeconomic Growth
Petrin, Amil - 2011
) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector … for both the theoretical literature on growth and alternative indexes of aggregate productivity growth based only on …
Persistent link: https://www.econbiz.de/10013131308
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Financial Constraints and Innovation : Why Poor Countries Don't Catch Up
Gorodnichenko, Yuriy - 2014
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10013070230
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Reconciling Models of Diffusion and Innovation : A Theory of the Productivity Distribution and Technology Frontier
Benhabib, Jess - 2017
We study how innovation and technology diffusion interact to endogenously determine the shape of the productivity …
Persistent link: https://www.econbiz.de/10012964404
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Fuzzy Frontiers of Production : Evidence of Persistent Inefficiency in Safety Expenditures
Ichniowski, Casey - 2021
empirical finding.Three elaborations to the basic production frontier framework are developed and used to interpret the accident-productivity …
Persistent link: https://www.econbiz.de/10013236836