Similar Search Results

Does Corporate Governance Matter in Competitive Industries?

Giroud, Xavier - 2009

By reducing the threat of a hostile takeover, business combination (BC) laws weaken corporate governance and increase the opportunity for managerial slack. Consistent with the notion that competition mitigates managerial slack, we find that while firms in non-competitive industries experience a...

Persistent link: https://www.econbiz.de/10012463770

What Drives Differences in Management?

Bloom, Nicholas - 2017

Partnering with the Census we implement a new survey of "structured" management practices in 32,000 US manufacturing … plants. We find an enormous dispersion of management practices across plants, with 40% of this variation across plants within … the same firm. This management variation accounts for about a fifth of the spread of productivity, a similar fraction as …

Persistent link: https://www.econbiz.de/10012455381

Does Product Market Competition Reduce Agency Costs?

Jagannathan, Ravi - 2000

The folk wisdom is that competition reduces agency costs. We provide indirect empirical support for this view. We argue that the temptation to retain cash and engage in less productive activities is more severe for firms in less competitive industries. Hence an unanticipated increase in...

Persistent link: https://www.econbiz.de/10012471296

Competition and the Cost of Capital Revisited : Special Authorities and Underwriters in the Market for Tax-emempt Hospital Bonds

Gershberg, Alec Ian - 1999

We explore the effects of two kinds of competition on the cost of capital in the tax-exempt bond market: (1) competition amongst underwriters and (2) competition amongst issuers (most of which are quasi-public special authorities sanctioned by state governments). The first kind of...

Persistent link: https://www.econbiz.de/10012471428

The Competition Between Competition Rules

Sinn, Hans-Werner - 1999

Open borders imply systems competition. This paper studies the implications of systems competition for the national competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since abolishing this law makes it possible for a single country...

Persistent link: https://www.econbiz.de/10012471517

Is Hospital Competition Socially Wasteful?

Kessler, Daniel P. - 1999

We study the consequences of hospital competition for Medicare beneficiaries' heart attack care from 1985 to 1994. We examine how relatively exogenous determinants of hospital choice such as travel distances influence the competitiveness of hospital markets, and how hospital competition...

Persistent link: https://www.econbiz.de/10012471524

How Offshore Financial Competition Disciplines Exit Resistence by Incentive-Conflicted Bank Regulators

Kane, Edward J. - 1999

This paper studies the impact of technological change and regulatory competition on governmental efforts to generate rents for banks in two stylized regulatory environments. In the first environment, incentive-conflicted regulators attempt to create rents by restricting the size and scope of...

Persistent link: https://www.econbiz.de/10012471631

Antitrust and Competition in Health Care Markets

Gaynor, Martin - 1999

In this paper we review issues relating to antitrust and competition in health care markets. The paper begins with a brief review of antitrust legislation. We then discuss whether and how health care is different from other industries in ways that might affect the optimality of competition. The...

Persistent link: https://www.econbiz.de/10012471682

The Adoption of Offset Presses in the Daily Newspaper Industry in the United States

Genesove, David - 1999

This paper shows that the move to offset printing from letterpress in the U.S. daily newspaper publishing industry was determined, in part, by the structure of the local market. Although in monopoly markets, low circulation papers were quicker to adopt than high circulation papers, the ranking...

Persistent link: https://www.econbiz.de/10012471720

Optimal Product Design : Implications for Competition and Growth under Declining Search Frictions

Menzio, Guido - National Bureau of Economic Research - 2021

As search frictions become smaller in the market for a consumer product, buyers are able to locate and access more sellers per unit of time. In response, sellers choose to design varieties of the product that are more specialized in order to exploit differences in the buyers' preferences. I find...

Persistent link: https://www.econbiz.de/10012510517

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