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Business strategy can be defined as a firm's plan to generate economic profits based on lower cost, better quality, or new products. The analysis of business strategy is thus at the intersection of market competition and a firm's efforts to secure persistently superior performance via...
Persistent link: https://www.econbiz.de/10012457820
Are fluctuations in firms' profitability risk a major cause of regular business cycles? We study this question within … such a model, surprise increases of risk lead to a wait-and-see policy for investment at the firm level and a decrease in … the size of firm-level risk fluctuations. We find that time-varying firm-level risk on its own is unlikely to be a major …
Persistent link: https://www.econbiz.de/10012461796
We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US. These management practices are strongly associated with higher productivity, growth, trade, and innovation. One indicator of greater misallocation in Mexico is the weaker...
Persistent link: https://www.econbiz.de/10012938686
We evaluate the extent to which small businesses maintain an online presence, looking at restaurant listings on a major online review platform. While the majority of restaurants have an online presence, we find that roughly 18 percent in our sample have no presence as of the end of 2017, despite...
Persistent link: https://www.econbiz.de/10013477302
The US trade war against China in 2018-2019 can either enhance or diminish the US soft power in China, depending on …
Persistent link: https://www.econbiz.de/10013191093
By comparing uncollateralized business loans made by a big tech lending program with conventional bank loans, we find that big tech loans tend to be smaller and have higher interest rates and that borrowers of big tech loans tend to repay far before maturity and borrow more frequently. These...
Persistent link: https://www.econbiz.de/10013334379
This paper reviews the literature on corporate political strategy and identifies a number of open research questions and streams for potential investigation. The paper develops a framework to explain why, when, and how a firm will pursue multi-forum political action as part of its non-market and...
Persistent link: https://www.econbiz.de/10012463597
Online platforms such as preprint servers have become an important way to disseminate new scientific knowledge prior to peer review. However, little is known about how attention to preprints may vary across authors from different countries of origin, particularly relative to evaluation in...
Persistent link: https://www.econbiz.de/10014337798
human capital in STEMI areas. We conclude with a comparison of the US research ecosystem to that of China to understand how … philanthropic funders alter the incentives and behavior within the US research enterprise to make it more risk tolerant and more …
Persistent link: https://www.econbiz.de/10014372474
-standing) attributes in a culture set are. We illustrate these ideas using examples from African, England, China, the Islamic world, the …
Persistent link: https://www.econbiz.de/10012533381