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The Impact of City Contracting Set-Asides on Black Self-Employment and Employment

Chatterji, Aaron K. - 2013

In the 1980s, many U.S. cities initiated programs reserving a proportion of government contracts for minority-owned businesses. The staggered introduction of these set-aside programs is used to estimate their impacts on the self-employment and employment rates of African-American men. Black...

Persistent link: https://www.econbiz.de/10012459777

Estimation of a Dynamic Auction Game

Jofre-Bonet, Mireia - 2001

This paper proposes an estimation method for a repeated auction game under the presence of capacity contraints. The estimation strategy is computationally simple as it does not require solving for the equilibrium of the game. It uses a two stage approach. In the first stage the distribution of...

Persistent link: https://www.econbiz.de/10012470090

Individuals and Organizations as Sources of State Effectiveness, and Consequences for Policy

Best, Michael Carlos - 2017

How much of the variation in state effectiveness is due to the individuals and organizations responsible for implementing policy? We investigate this question and its implications for policy design in the context of public procurement, using a text-based product classification method to measure...

Persistent link: https://www.econbiz.de/10012455331

Financial Dependence and Innovation : The Case of Public versus Private Firms

Acharya, Viral V. - 2013

This paper examines the relationship between innovation and firms' dependence on external capital by analyzing the … innovation activities of privately-held and publicly-traded firms. We find that public firms in external finance dependent … in internal finance dependent industries do not have a significantly better innovation profile than matched private firms …

Persistent link: https://www.econbiz.de/10012458954

R&D and the Incentives from Merger and Acquisition Activity

Phillips, Gordon M. - 2012

. Large firms may find it disadvantageous to engage in an "R&D race" with small firms, as they can obtain access to innovation …

Persistent link: https://www.econbiz.de/10012460314

Special Purpose Vehicles and Securitization

Gorton, Gary - 2005

Firms can finance themselves on- or off-balance sheet. Off-balance sheet financing involves transferring assets to "special purpose vehicles" (SPVs), following accounting and regulatory rules that circumscribe relations between the sponsoring firm and the SPVs. SPVs are carefully designed to...

Persistent link: https://www.econbiz.de/10012467495

Capital Market Financing, Firm Growth, Firm Size Distribution

Didier, Tatiana - 2014

Which firms issue equity and debt in domestic and international markets and what happens to their assets, sales, and number of employees? To answer these questions, we assemble a new dataset on firm-level capital raising activity during 1991-2011, which we match with firm attributes for 45,527...

Persistent link: https://www.econbiz.de/10012458331

Corporate Taxes and Internal Borrowing within Multinational Firms

Egger, Peter - 2012

This paper develops a theoretical model of multinational firms with an internal capital market. Main reasons for the emergence of such a market are tax avoidance through debt shifting and the existence of institutional weaknesses and financial frictions across host countries. The model serves to...

Persistent link: https://www.econbiz.de/10012460245

Investment, Finacial Factors and Cash Flow : Evidence From UK Panel Data

Devereux, Michael - 1989

In this paper we provide some econometric evidence on the impact of financial factors like cash flow, debt and stock measures of liquidity on the investment decisions of U. K. firms. These variables are introduced via an extension of the Q model of investment which explicitly includes...

Persistent link: https://www.econbiz.de/10012475929

Financing Constraints and Corporate Investment

Fazzari, Steven - 1987

Most empirical models of investment rely on the assumption that firms are able to respond to prices set in centralized securities markets (through the "cost of capital" or "q"). An alternative approach emphasizes the importance of cash flow as a determinant of investment spending, because of a...

Persistent link: https://www.econbiz.de/10012476681