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Using a unique longitudinal representative survey of both manufacturing and non-manufacturing businesses in the United States during the 1990's, I examine the incidence and intensity of organizational innovation and the factors associated with investments in organizational innovation. Past...
Persistent link: https://www.econbiz.de/10012465497
We provide a rationale for pyramidal ownership (the control of a firm through a chain of ownership relations) that departs from the traditional argument that pyramids arise to separate cash flow from voting rights. With a pyramidal structure, a family uses a firm it already controls to set up a...
Persistent link: https://www.econbiz.de/10012467315
This paper explores the interaction between incentives, information, and organizational design. It argues that the virtues of the market economy do not lie so much in the vision of competition and decentralization embodied in the Arrow-Debreu model, or the Lange-Lerner-Taylor analysis of market...
Persistent link: https://www.econbiz.de/10012476069
of factors highlighted in the theory are shown to be important in accounting for delegation, such as heterogeneity and …
Persistent link: https://www.econbiz.de/10012459819
-cycle patterns for firm growth. These theories include organizational capital accumulation and management practices, financial … empirical successes and shortcomings of current theory. First, models of organizational capital and innovation are broadly … organization and innovation. Second, among theories we analyze, organizational capital and management practices are the most …
Persistent link: https://www.econbiz.de/10012458044
How does increasing globalization affect corporate transparency? Freer trade represents different facets and in theory …
Persistent link: https://www.econbiz.de/10012461026
What makes a good leader? A good leader is able to coordinate his followers around a credible mission statement, which communicates the future course of action of the organization. In practice, leaders learn about the best course of action for the organization over time. While learning helps...
Persistent link: https://www.econbiz.de/10012464309
This paper proposes a new test of the Protection for Sale (PFS) model by Grossman and Helpman (1994). Unlike existing methods in the literature, our approach does not require any data on political organizations. We formally show that the PFS model predicts that the quantile regression of the...
Persistent link: https://www.econbiz.de/10012464747
This paper uses a new data source to analyze the choice of organizational form of retail gasoline stations. In recent years, gasoline stations have tended to be less likely to be owned and operated by a lessee dealer and more likely to be owned and operated by the refiner. Critics have alleged...
Persistent link: https://www.econbiz.de/10012471347
This paper reviews the recent theoretical literature on heterogeneous firms and trade, which emphasizes firm selection into international markets and reallocations of resources across firms. We discuss the empirical challenges that motivated this research and its relationship to traditional...
Persistent link: https://www.econbiz.de/10012462095