Showing 1 - 10 of 30
The level of diseconomies of scale in asset management has important implications for tests of manager skill and the expected level of performance persistence. To identify the causal impact of fund size on future returns, we exploit the fact that small differences in returns can cause discrete...
Persistent link: https://www.econbiz.de/10013138476
substantial turnover. Using a comprehensive dataset of agents and transactions from 1998-2007, we find that entry does not … increase sales probabilities or reduce the time it takes for properties to sell, decreases the market share of experienced …
Persistent link: https://www.econbiz.de/10013122430
Based on existing evidence, we know little about how the taxation of small business owners affects their economic activity. This paper studies the effect of two Finnish tax reforms, in 1997 and 1998, on the effort decisions of the owners of small businesses utilizing both theoretical model and...
Persistent link: https://www.econbiz.de/10013099817
The elasticity of substitution between home and foreign goods is one of the most important parameters in international economics. The international macro literature, which is primarily concerned with short-run business cycle fluctuations, assigns a low value to this parameter. The international...
Persistent link: https://www.econbiz.de/10013087445
A frequently debated question is whether the use of intellectual property (IP) protection benefits the residents of low and middle income countries. We contribute to this debate with an analysis of the use of patents and trademarks by firms in Chile over the decade 1995-2005 as the then...
Persistent link: https://www.econbiz.de/10012926411
sales. This paper offers a new method of evaluating the accuracy of these apportionment rules and the ownership distortions … example, the magnitude of property, employment and sales explains less than 22 percent of the variation in profits between …
Persistent link: https://www.econbiz.de/10013152089
. Using the World Bank's Exporter Dynamics Database (EDD) featuring firm-level exports from 50 countries, we find that around …
Persistent link: https://www.econbiz.de/10012908824
This paper uses data from NBER surveys of over 40,000 employees in hundreds of facilities in 14 firms and from employees on the 2002 and 2006 General Social Surveys to explore how shared compensation affects turnover, absenteeism, loyalty, worker effort, and other outcomes affecting workplace...
Persistent link: https://www.econbiz.de/10012758506
and Blu-Ray) sales. Our results contrasting eleven different empirical strategies from econometrics and penalization … retail movie unit sales …
Persistent link: https://www.econbiz.de/10012976985
interest in music not generating revenue through individual track sales - unpaid consumption and deadweight loss - into … willingness to pay for the bundled offering. On the other hand, streaming may displace traditional individual track sales. Even if … they displace sales, streams may however still raise overall revenue if the streaming payment is large enough in relation …
Persistent link: https://www.econbiz.de/10013013191