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The Other Side of Value : Good Growth and the Gross Profitability Premium

Novy-Marx, Robert - 2010

Profitability, as measured by gross profits-to-assets, has roughly the same power as book-to-market predicting the cross-section of average returns. Profitable firms generate significantly higher average returns than unprofitable firms, despite having, on average, lower book-to-markets and...

Persistent link: https://www.econbiz.de/10012462711

Nearly Optimal Pricing for Multiproduct Firms

Chu, Chenghuan Sean - 2008

In principle, a multiproduct firm can set separate prices for all possible bundled combinations of its products (i.e., "mixed bundling"). However, this is impractical for firms with more than a few products, because the number of prices increases exponentially with the number of products. In...

Persistent link: https://www.econbiz.de/10012464731

Technology, Information and the Decentralization of the Firm

Acemoglu, Daron - 2006

This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. However, the manager can use her...

Persistent link: https://www.econbiz.de/10012466463

The Environmental Regime in Developing Countries

Jha, Raghbendra - 1999

This paper discusses the environmental externalities that are commonly found in the developing world (the environmental regime) along with the policy responses, if any, commonly used to deal with these. Included are the effects of industrial emissions, air and water quality impacts of untreated...

Persistent link: https://www.econbiz.de/10012471479

How Economic Development Influences the Environment

Jayachandran, Seema - National Bureau of Economic Research - 2021

Reducing global poverty and addressing climate change and other environmental crises are among the most important challenges facing humanity today. This review article discusses one way in which these problems are intertwined: economic development affects the environment. I synthesize recent...

Persistent link: https://www.econbiz.de/10012616638

Does the Effect of Pollution on Infant Mortality Differ Between Developing and Developed Countries? Evidence from Mexico City

Arceo-Gomez, Eva O. - 2012

Much of what we know about the marginal effect of pollution on infant mortality is derived from developed country data …. However, given the lower levels of air pollution in developed countries, these estimates may not be externally valid to the … developing country context if there is a nonlinear dose relationship between pollution and mortality or if the costs of avoidance …

Persistent link: https://www.econbiz.de/10012460311

Embodied Carbon Tariffs

Böhringer, Christoph - 2011

In a world where the prospects of a global agreement to control greenhouse gas emissions are bleak, the idea of using trade policy as an implicit regulation of foreign emission sources has gained many supporters in countries contemplating unilateral climate policies. Embodied carbon tariffs tax...

Persistent link: https://www.econbiz.de/10012461282

Searching for Customers, Finding Pollution

Bassi, Vittorio; Kahn, Matthew E.; Lozano Gracia, Nancy; … - National Bureau of Economic Research - 2022

detailed air pollution measurements within Ugandan cities. We find that firms locate on the busiest roads searching for … customer visibility, but in doing so they expose their workers to substantial pollution. This sorting pattern increases profits …

Persistent link: https://www.econbiz.de/10013435098

Management and Misallocation in Mexico

Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana - National Bureau of Economic Research - 2022

We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US. These management practices are strongly associated with higher productivity, growth, trade, and innovation. One indicator of greater misallocation in Mexico is the weaker...

Persistent link: https://www.econbiz.de/10012938686

Corporate Flexibility in a Time of Crisis

Barry, John W.; Campello, Murillo; Graham, John R.; Ma, … - National Bureau of Economic Research - 2022

We use the COVID shock to study the direct and interactive effects of several forms of corporate flexibility on short- and long-term real business plans. We find that i) workplace flexibility, namely the ability for employees to work remotely, plays a central role in determining firms'...

Persistent link: https://www.econbiz.de/10012938715