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Highway to Success: The Impact of the Golden Quadrilateral Project for the Location and Performance of Indian Manufacturing
Ghani, Ejaz; Goswami, Arti Grover; Kerr, William R. - National Bureau of Economic Research (NBER) - 2012
We investigate the impact of the Golden Quadrilateral (GQ) highway project on the Indian organized manufacturing sector using enterprise data. The GQ project upgraded the quality and width of 5,846 km of roads in India. We use a difference-in-difference estimation strategy to compare non-nodal...
Persistent link: https://www.econbiz.de/10010950745
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Defacto and Deeded Intellectual Property: Knowledge-Driven Co-Evolution of Firm Collaboration Boundaries and IPR Strategy
Zucker, Lynne; Darby, Michael R. - National Bureau of Economic Research (NBER) - 2014
Research on intellectual property has focused on formal legally recorded rights that we call deeded, most often measured by granted patents. Meanwhile, other "defacto" IP (mainly purposive secrecy and natural excludability) has become more important because of the increasing closeness of...
Persistent link: https://www.econbiz.de/10010950753
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Financing Decisions and Product Introductions of Private and Publicly Traded Firms
Phillips, Gordon M.; Sertsios, Giorgo - National Bureau of Economic Research (NBER) - 2014
investigate how private and publicly traded firm financing decisions and product introductions respond to exogenous changes in … investment opportunities. We find that publicly traded companies increase their external financing, and their subsequent product … financing is through private financing of public firms. We also show that firms that select to go public during our sample …
Persistent link: https://www.econbiz.de/10010950886
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Competition and R&D Financing Decisions: Theory and Evidence from the Biopharmaceutical Industry
Lo, Andrew W.; Thakor, Richard T. - National Bureau of Economic Research (NBER) - 2015
; (2) carry more cash and maintain less net debt; and (3) experience declining betas but greater total stock return …
Persistent link: https://www.econbiz.de/10011159903
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The Twilight Zone: OTC Regulatory Regimes and Market Quality
Leuz, Christian; Brüggemann, Ulf; Kaul, Aditya; … - National Bureau of Economic Research (NBER) - 2013
We analyze a comprehensive sample of more than 10,000 U.S. stocks in the OTC market. As little is known about this market, we first characterize OTC firms by trading venue and provide evidence on survival, success, frequency of venue changes, reporting status, and trading activity. A large...
Persistent link: https://www.econbiz.de/10010969441
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Inside the Family Firm: The Role of Families in Succession Decisions and Performance
Bennedsen, Morten; Nielsen, Kasper M.; … - National Bureau of Economic Research (NBER) - 2006
This paper uses a unique dataset from Denmark to investigate the impact of family characteristics in corporate decision making and the consequences of these decisions on firm performance. We focus on the decision to appoint either a family or external chief executive officer (CEO). The paper...
Persistent link: https://www.econbiz.de/10005777757
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Exporting and Plant-Level Efficiency Gains: It's in the Measure
Marin, Alvaro Garcia; Voigtländer, Nico - National Bureau of Economic Research (NBER) - 2013
While there is strong evidence for productivity-driven selection into exporting, previous research has mostly failed to identify export-related efficiency gains within plants. This non-result is derived from revenue productivity (TFPR), thus also reflecting pricing decisions of exporters. Using...
Persistent link: https://www.econbiz.de/10010969319
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Market Structure, Reputation, and the Value of Quality Certification
Elfenbein, Daniel; Fisman, Raymond; McManus, Brian - National Bureau of Economic Research (NBER) - 2014
Quality certification programs help consumers to identify high-quality products or sellers in markets with information asymmetries. Using data from eBay UK's online marketplace, we study how certification's impact on consumer demand varies with market- and seller-level attributes, exploiting...
Persistent link: https://www.econbiz.de/10010950765
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Matching Capital and Labor
Berk, Jonathan B.; Binsbergen, Jules H. van; Liu, Binying - National Bureau of Economic Research (NBER) - 2014
We establish an important role for the firm by studying capital reallocation decisions of mutual fund firms. At least 30% of the value mutual fund managers add can be attributed to the firm's role in efficiently allocating capital amongst its mutual fund managers. We find no evidence of a...
Persistent link: https://www.econbiz.de/10010950822
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How Firms Respond to Business Cycles: The Role of Firm Age and Firm Size
Haltiwanger, John; Jarmin, Ron S.; Miranda, Javier; … - National Bureau of Economic Research (NBER) - 2013
There remains considerable debate in both the theoretical and empirical literature about the differences in the cyclical dynamics of firms by firm size. Some have hypothesized that small firms are more sensitive to cycles while others have posited that larger firms are more sensitive....
Persistent link: https://www.econbiz.de/10010950842