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On the Measure of Distortions
Hopenhayn, Hugo A. - 2014
aggregate productivity. TFP gaps are characterized as the integral of a strictly concave function with respect to an employment … productivity is shown to be ambiguous; conditions are given to determine its sign. An empirical lower bound on distortions based on …
Persistent link: https://www.econbiz.de/10012458262
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To Join or Not to Join? Factors Influencing Employee Share Plan Membership in a Multinational Corporation
Bryson, Alex - 2010
Many firms encourage employees to own company stock through share plans that subsidize the price at favorable rates, but even so many employees do not buy shares. Using a new survey of employees in a multinational with a share ownership plan, we find considerable variation in joining among...
Persistent link: https://www.econbiz.de/10012462365
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India Transformed? Insights from the Firm Level 1988-2005
Alfaro, Laura - 2009
Using firm-level data this paper analyzes the transformation of India's economic structure following the implementation of economic reforms. The focus of the study is on publicly-listed and unlisted firms in manufacturing and services industries. Detailed balance sheet and ownership information...
Persistent link: https://www.econbiz.de/10012463201
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The Structure and Formation of Business Groups : Evidence from Korean Chaebols
Almeida, Heitor - 2009
In this paper we study the determinants of business groups' ownership structure using unique panel data on Korean chaebols. In particular, we attempt to understand how pyramids form over time. We find that chaebols grow vertically (that is, pyramidally) as the family uses well-established group...
Persistent link: https://www.econbiz.de/10012463666
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Show Me the Money : Does Shared Capitalism Share the Wealth?
Buchele, Robert - 2009
This paper examines the effect of a variety of employee ownership programs on employees' holdings of their employers' stock, their earnings and their wealth. Two major datasets are employed: the NBER Shared Capitalism Research Project employee survey dataset and the 2002 and 2006 national...
Persistent link: https://www.econbiz.de/10012463817
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Managerial Ownership Dynamics and Firm Value
Fahlenbrach, Rüdiger - 2007
From 1988 to 2003, the average change in managerial ownership is significantly negative every year for American firms. The probability of large decreases in ownership is strongly increasing in contemporaneous and past stock returns but the probability of large increases in ownership through...
Persistent link: https://www.econbiz.de/10012465451
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Corporate Governance and the Development of Manufacturing Enterprises in Nineteenth-Century Massachusetts
Hilt, Eric - 2014
This paper analyzes the use of the corporate form among nineteenth-century manufacturing firms in Massachusetts, from newly collected data from 1875. An analysis of incorporation rates across industries reveals that corporations were formed at higher rates among industries in which firm size was...
Persistent link: https://www.econbiz.de/10012458569
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Black Ownership Matters : Does Revealing Race Increase Demand For Minority-Owned Businesses?
Aneja, Abhay; Luca, Michael; Reshef, Oren - National Bureau of Economic Research - 2023
Is there consumer demand to support Black-owned businesses? To explore, we investigate the impact of a new feature on a large online platform that made the race of a set of Black business owners salient to customers. We find that this feature substantially increased demand for Black-owned...
Persistent link: https://www.econbiz.de/10014226129
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Fuzzy Frontiers of Production : Evidence of Persistent Inefficiency in Safety Expenditures
Ichniowski, Casey - 1984
empirical finding.Three elaborations to the basic production frontier framework are developed and used to interpret the accident-productivity …
Persistent link: https://www.econbiz.de/10012477724
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The Impact of Plant-level Resource Reallocations and Technical Progress on U.S. Macroeconomic Growth
Petrin, Amil - 2011
) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector … for both the theoretical literature on growth and alternative indexes of aggregate productivity growth based only on …
Persistent link: https://www.econbiz.de/10012461957