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Acquiring Knowledge Within and Across Firm Boundaries : Evidence from Clinical Development

Azoulay, Pierre - 2003

Considerable evidence suggests that information is acquired more easily within than across firm boundaries. I explore why this is observed in the setting of clinical development. Since the mid-1980s, pharmaceutical firms have partly contracted out the operational aspects of clinical trials to...

Persistent link: https://www.econbiz.de/10012468611

Do Firms Mitigate Climate Impact on Employment? Evidence from US Heat Shocks

Acharya, Viral V.; Bhardwaj, Abhishek; Tomunen, Tuomas - National Bureau of Economic Research - 2023

How do firms mitigate the impact of rising temperatures on employment? Using establishment-level data, we show that firms operating in multiple counties in the United States respond to heat shocks by reducing employment in the affected locations and increasing it in unaffected locations, whereas...

Persistent link: https://www.econbiz.de/10014447288

Risk, the Limits of Financial Risk Management, and Corporate Resilience

Stulz, René M. - National Bureau of Economic Research - 2024

Existing evidence shows convincingly that expected cash flows of non-financial firms can be negatively affected by their total risk, so that non-financial firms can create shareholder wealth by managing their total risk. After reviewing theories that demonstrate links between firm value and...

Persistent link: https://www.econbiz.de/10015056208

Firm Adaptation to Climate Change

Grover, Arti; Kahn, Matthew E. - National Bureau of Economic Research - 2024

We survey the microeconomics literature that studies how firms in the developing world are adapting to extreme weather, local pollution, and natural disasters. Climate change increases the uncertainty that every firm must address as it decides where and how to produce and who to trade with. We...

Persistent link: https://www.econbiz.de/10015056174

Information technology, workplace organization, and the demand for skilled labor : firm-level evidence

Bresnahan, Timothy F.; Brynjolfsson, Erik; Hitt, Lorin M. - 1999

Persistent link: https://www.econbiz.de/10004057372

Outsourcing at Will : Unjust Dismissal Doctrine and the Growth of Temporary Help Employment

Autor, David H. - 2000

a simple model of employment outsourcing, the primary implication of which is that firms will respond to externally … imposed firing costs by outsourcing positions requiring the least firm-specific skills rather than those with the highest …

Persistent link: https://www.econbiz.de/10012471218

Incomplete Contracts and Industrial Organization

Grossman, Gene M. - 1999

We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique,...

Persistent link: https://www.econbiz.de/10012471481

Outsourcing, Inequality and Aggregate Output

Bilal, Adrien; Lhuillier, Hugo - National Bureau of Economic Research - 2021

Outsourced workers experience large wage declines, yet domestic outsourcing may raise aggregate productivity. To study … wage premia. Second, outsourcing raises output at the firm level. Third, contractors endogenously locate at the bottom of … the job ladder, implying that outsourced workers receive lower wages. Using firm-level instruments for outsourcing and …

Persistent link: https://www.econbiz.de/10012660026

Market Fragmentation

Chen, Daniel - 2020

We model a simple market setting in which fragmentation of trade of the same asset across multiple exchanges improves allocative efficiency. Fragmentation reduces the inhibiting effect of price-impact avoidance on order submission. Although fragmentation reduces market depth on each exchange, it...

Persistent link: https://www.econbiz.de/10012479351

Digital Capital and Superstar Firms

Tambe, Prasanna - 2020

General purpose technologies like information technology typically require complementary firm-specific investments to create value. These complementary investments produce a form of capital, which is typically intangible and which we call digital capital. We create an extended firm-level panel...

Persistent link: https://www.econbiz.de/10012482503

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