Showing 1 - 10 of 2,639
inputs to microenterprises, specifically financial capital (a cash grant) and managerial capital (consulting services), to …
Persistent link: https://www.econbiz.de/10013065641
This paper proposes that idiosyncratic firm-level fluctuations can explain an important part of aggregate shocks, and provide a microfoundation for aggregate productivity shocks. Existing research has focused on using aggregate shocks to explain business cycles, arguing that individual firm...
Persistent link: https://www.econbiz.de/10013156857
This paper presents a theoretical model of faculty consulting in the context of government and industry funding for … research within the university, which then frames an empirical analysis of the funding and consulting of 458 individual faculty … consulting, independent of faculty quality. We find that government and industry funding for university research are strategic …
Persistent link: https://www.econbiz.de/10013039134
The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk project each but have no own resources. Financiers provide equity finance. They must structure the entrepreneur's profit share and base salary to assure their incentives for full...
Persistent link: https://www.econbiz.de/10012783952
We analyze the early labor market outcomes of U.S. college graduates from the classes of 1974 to 2011, as a function of the economic conditions into which they graduated. We have three main findings. First, poor labor market conditions substantially disrupt early careers. A large recession at...
Persistent link: https://www.econbiz.de/10013046597
We investigate the link between hospital performance and managerial education by collecting a large database of management practices and skills in hospitals across nine countries. We find that hospitals that are closer to universities offering both medical education and business education have...
Persistent link: https://www.econbiz.de/10012946489
Firms in the same industry can differ in measured productivity by multiples of 3. Griliches (1957) suggests one explanation: the quality of inputs differs across firms. We add labor market history variables such as experience and firm and industry tenure, as well as general human capital...
Persistent link: https://www.econbiz.de/10013128897
The new trade theory emphasizes the role of market-share reallocations across firms ("stealing") in driving productivity growth, while the older literature focused on average productivity improvements ("learning"). We use comprehensive, firm-level data from India's organized manufacturing sector...
Persistent link: https://www.econbiz.de/10013130973
More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production chains are subject to a "weakest link" effect: they are more fragile and more prone to failure. Optimal chain length is determined by the...
Persistent link: https://www.econbiz.de/10013135410
This paper studies the long-term effect of hedge fund activism on the productivity of target firms using plant-level information from the U.S. Census Bureau. A typical target firm improves its production efficiency in the three years after an activist intervention, and the improvements are most...
Persistent link: https://www.econbiz.de/10013119570