Showing 1 - 10 of 3,057
We show that since 2007, there was a large and persistent shift in the composition of lenders to small firms. Large banks impacted by the real estate prices collapse systematically contracted their credit to all small firms throughout the U.S.. However, healthy banks expanded their operations...
Persistent link: https://www.econbiz.de/10012480836
This paper provides causal evidence of the impact of industrial policy on firms' long-term performance and quantifies industrial policy's long-term welfare effects. Using a natural experiment and unique historical data during the Heavy and Chemical Industry (HCI) Drive in South Korea, we find...
Persistent link: https://www.econbiz.de/10012629483
We revisit the long-standing empirical evidence of an inverse relationship between farm size and productivity using rich microdata from Uganda. We show that farm size is negatively related to yields (output per hectare), as commonly found in the literature, but positively related to farm...
Persistent link: https://www.econbiz.de/10012480276
We study a labor market equilibrium model in which firms sign optimal long-term contracts with workers. Firms that are financially constrained offer an increasing wage profile: They pay lower wages today in exchange of higher wages once they become unconstrained and operate at a larger scale. In...
Persistent link: https://www.econbiz.de/10012467637
estimation method that takes advantage of our access to detailed Chinese Customs data at the commodity level. For example, the …
Persistent link: https://www.econbiz.de/10012472213
We study whether workers progress up firm wage and size job ladders, and the cyclicality of this movement. Search theory predicts that workers should flow towards larger, higher paying firms. However, we see little evidence of a firm size ladder, partly because small, young firms poach workers...
Persistent link: https://www.econbiz.de/10012455196
We investigate whether the value of large banks, defined as banks with assets in excess of the Dodd-Frank threshold for enhanced supervision, increases with the size of their assets using Tobin's q and market-to-book as our valuation measures. Many argue that large banks receive subsidies from...
Persistent link: https://www.econbiz.de/10012455469
We examine whether startups attract employees with different pecuniary and non-pecuniary motives than small or large established firms. We then explore whether such differences in employee motives lead to differences in innovative performance across firm types. Using data on over 10,000 U.S. R&D...
Persistent link: https://www.econbiz.de/10012455582
We consider a tractable model of heterogeneous production units that features endogenous entry and productivity investment to assess the quantitative impact of policy distortions on aggregate output and establishment size. Relative to the standard factor misallocation framework, policy...
Persistent link: https://www.econbiz.de/10012455871
entry and the following year. This paper examines the implications of partial year effects using Peruvian export data. The … literatures on firm export dynamics. Correcting the partial year effect eliminates unusually high growth rates in the first year … of exporting, raises initial export levels, and shifts 10 percent of market entrants from below to above the median size …
Persistent link: https://www.econbiz.de/10012458798